Bitcoin (BTC) dips to $92,000 level on Greenland situation, then trades sideways [Crypto Briefing]

According to The Financial News, Bitcoin (BTC) was holding around the $92,000 level on the 20th. After a correction triggered by the worsening Greenland situation the previous day, it has been trading sideways without any clear new bullish catalyst.
Global digital asset data platform CoinMarketCap showed that as of 10:00 a.m. that day, BTC was trading at around $92,000, down 0.04% over the previous 24 hours. Over the past week, BTC has risen 1.31%.
In the Korean won market, BTC was trading in the 137 million won range. Based on global digital asset market comparison platform Cryprice, the Korea premium stood at 0.40%.
BTC recovered the $90,000 level on the 3rd and then traded between $95,000 and $97,000 from the 14th through the morning of the previous day. However, starting around 9:00 a.m. the previous day, it fell to the $92,000 level and has held that price area since.
The decline the previous day is largely being attributed to a signal from the Executive Branch of the United States under Donald Trump that it may impose tariffs on European countries. On the 17th (local time), President Donald Trump announced on his social networking service (SNS) Truth Social that, starting next month, the United States would impose a 10% tariff—and from June, a 25% tariff—on eight European countries that oppose U.S. plans to annex Greenland.
Delays in passing the Digital Asset Market Structure Bill, which is under discussion in the United States Congress, have also weighed on investor sentiment. The United States Senate Committee on Banking, Housing, and Urban Affairs had planned to review the Digital Asset Market Clarity Act of 2025 on the 15th (local time), but the review was postponed due to differences with the digital asset industry.
Coinbase Chief Executive Officer (CEO) Brian Armstrong stated that he could withdraw his support for the Digital Asset Market Clarity Act of 2025, citing reduced Stablecoin rewards and restrictions on access to decentralized finance (DeFi).
Institutional funds have also shifted to net outflows. According to CoinMarketCap, institutions were net buyers of Spot Bitcoin ETF products from the 12th to the 15th, but turned to net sellers on the 16th.
Investor sentiment is gradually deteriorating. The Crypto Fear and Greed Index provided by CoinMarketCap stood at 42 that day, indicating a "neutral" reading, down from 45 the previous day and 49 on the 18th. The index ranges from 0 to 100, with values closer to 0 interpreted as "extreme fear" and those closer to 100 as "extreme greed."
At the same time, Ethereum was trading around $3,179, down 1.09% from the previous day. Ripple (XRP) was trading around $1.98, up 2.01%.

yimsh0214@fnnews.com Sang-hyuk Lim Reporter