U.S. tech futures are under pressure ahead of Tuesday’s open, driven by concerns over President Donald Trump’s thwarted attempt to acquire Greenland and the threat of mutual tariffs with several European nations.
The Invesco QQQ Trust Series, an ETF tracking the tech-heavy Nasdaq 100, fell 2% in premarket trading after the Martin Luther King Jr. Day holiday on Monday.
Trump signaled plans for a 10% tariff on Denmark and select European countries, which are reportedly considering retaliatory measures. Prediction markets show limited odds of success, with Polymarket pricing just a 20% chance Trump secures Greenland before 2027.
Bitcoin dropped to $90,000, down 8% from Thursday’s high, dragging crypto-related stocks lower. MicroStrategy (MSTR) fell 6% to $164, Galaxy Digital (GLXY) lost 8% to $32, and IREN (IREN) slipped 8% to $53. Coinbase (COIN) and Circle Internet (CRCL) each fell about 5%, while all “Magnificent Seven” tech stocks declined 1%-3%.
Safe-haven assets rose as markets reacted. Gold traded above $4,700 per ounce, up 9% year-to-date, while silver climbed above $95, gaining 32% in 2026. U.S. Treasury yields moved higher, and Japan’s 30-year government bond yields surged near 4%, reflecting stress in global debt markets. The DXY dollar index dipped 0.5% to 98.5.
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