Bitcoin price climbed back toward $90,000 today after U.S. President Donald Trump took a softer tone on Greenland, easing fears of a conflict that had weighed on markets earlier in the week.
BTC rose more than 2% from its session low, briefly hitting $90,500 before stabilizing. The move followed Trump’s speech at the World Economic Forum in Davos, where he said the U.S. would seek negotiations over Greenland and would not use force.
“This will not be a threat to NATO,” Trump said. Markets reacted positively after Trump also confirmed that tariffs planned for February 1 would be delayed following talks with NATO Secretary General Mark Rutte.
As risk sentiment improved, gold pulled back from record highs, while Bitcoin and other major cryptocurrencies recovered part of their losses.