Bitcoin and Ether Fall, Then Rebound as Trump Retreats from Greenland Tariffs

2026-01-22 07:24:47

Source: CryptoNewsNet Original Title: Bitcoin and ether fall, then rebound as Trump retreats from Greenland tariffs Original Link: Bitcoin staged a sharp overnight round trip during Asian trading hours, sliding below $88,000 before rebounding toward $90,000 after President Donald Trump walked back tariff threats tied to Greenland during his World Economic Forum appearance in Davos.

The move capped a volatile 24 hours for crypto markets, which were dragged lower earlier in the week by a global risk-off wave sparked by Trump’s threats toward Europe, a jump in bond yields and renewed anxiety across equity markets.

By Thursday morning in Asia, those pressures had begun to ease — and crypto followed.

Bitcoin briefly fell to around $87,300 late Wednesday as U.S. markets digested Trump’s aggressive rhetoric and bond markets remained unsettled.

But sentiment shifted quickly after Trump said he would refrain from imposing tariffs on European nations opposing U.S. control of Greenland, citing what he called a “framework of a future deal.”

BTC1,33%

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