Trump Announces Tariffs on European Allies, Impacting Bitcoin Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: stocktwits
- Tariff Threat Escalation: Trump announced a 10% tariff on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland, and Great Britain effective February 1, which is expected to directly impact exports from these nations and exacerbate trade tensions with Europe.
- Bitcoin Market Turmoil: The tariff threats led to a more than 3% drop in Bitcoin prices, trading below $90,000, reflecting market concerns over the new tariff policy and ongoing geopolitical uncertainty, which may undermine investor confidence.
- Crypto Stocks Decline: The decline in Bitcoin prices negatively affected crypto-linked stocks such as Coinbase, Strategy, IREN, and Bitfarms, which fell between 6% and 8%, indicating a growing risk aversion among investors towards crypto assets, potentially leading to capital outflows.
- Retail Sentiment Shift: While retail sentiment around MSTR and Coinbase remained bullish amid high message volume, Bitcoin sentiment turned bearish, highlighting a divergence and unease among investors regarding future market trends.
Analyst Views on BITF
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 5.67 USD with a low forecast of 4.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.590
Low
4.00
Averages
5.67
High
7.00
Current: 2.590
Low
4.00
Averages
5.67
High
7.00
About BITF
Bitfarms Ltd. is a Canada-based global Bitcoin and vertically integrated data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. It develops, owns, and operates vertically integrated mining facilities with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. Its proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The activities of the Company mainly consist of selling its computational power used for hashing calculations for the purpose of cryptocurrency mining in multiple jurisdictions. Volta, a wholly owned subsidiary of the Company, assists the Company in building and maintaining its data centers. The Company operates Bitcoin data centers in four countries: the United States, Canada, Paraguay, and Argentina.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
