US President Trump just announced a major trade move: 10% tariffs on Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting February 1st. The rate jumps to 25% on June 1st unless the US reaches an agreement to purchase Greenland from Denmark.

This escalating tariff strategy is creating ripples across global markets. For crypto traders, geopolitical trade tensions typically drive volatility—capital often seeks alternative stores of value when traditional markets face uncertainty. The timing matters too: a 4-month window before the 25% threshold gives markets time to react and potentially reprices risk assets including digital currencies.

Whether this leads to actual negotiations or serves as negotiating leverage remains to be seen. Either way, watch how traditional markets respond—the crypto space usually follows suit.