Crypto prices showed tentative signs of stabilizing on Wednesday after a sharp, macro-driven selloff the day before, with bitcoin hovering near $90,000 and major altcoins paring losses.
US President Donald Trump is set to make his first visit to the WEF since 2020, due to deliver a special address at 2:30 p.m. in Davos, and will also meet with European leaders as his threat of taking over Greenland continues.
Bitcoin traded around $89,600 in early hours, little changed on the day but off the lows that followed Tuesday’s broad risk-off move. Ether rose modestly after falling more than 4% in the prior session, while Solana, Cardano and XRP also steadied.
The pause came as pressure in global bond markets eased. Japanese government bonds rebounded after a sharp selloff earlier in the week, with yields on ultra-long debt falling sharply after officials called for calm.
U.S. equity futures also edged higher, signaling a break from the panic that rattled markets.
Crypto had been swept into the selloff as investors rushed to cut exposure to volatile assets. President Donald Trump’s renewed tariff threats toward European nations over his push for U.S. control of Greenland, combined with a sudden surge in bond yields, flipped markets from risk-taking to capital preservation.
Gold and silver continuing to hit record highs showed investors were still leaning defensive, but the easing in bonds and equities helped crypto find breathing room.
or now, the bounce looks more like stabilization after forced selling than a clear return to risk-taking, with markets waiting to see whether macro pressure truly fades or flares up again.