Bitcoin retreats as tech index futures and crypto stocks decline on renewed U.S.-Europe trade concerns.

U.S. tech futures are under pressure ahead of Tuesday’s open amid concerns over President Donald Trump’s blocked Greenland acquisition and potential retaliatory tariffs with Europe.

The Invesco QQQ Trust Series, tracking the Nasdaq 100, fell 2% in premarket trading following the Martin Luther King Jr. Day holiday.

Trump signaled a 10% tariff on Denmark and select European nations, which may respond in kind. Polymarket places only a 20% chance Trump secures Greenland before 2027.

Bitcoin dropped to $90,000, down 8% from Thursday’s high, weighing on crypto-linked equities. MicroStrategy (MSTR) fell 6%, Galaxy Digital (GLXY) 8%, and IREN (IREN) 8%. Coinbase (COIN) and Circle Internet (CRCL) each slipped about 5%, while all “Magnificent Seven” tech stocks fell 1%-3%.

Safe havens rose as gold traded above $4,700 (+9% YTD) and silver surpassed $95 (+32% YTD). U.S. Treasury yields climbed, Japan’s 30-year bond yields neared 4%, and the DXY dollar index dipped 0.5% to 98.5, highlighting broad market caution.

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