Bitcoin Price Reclaims $90K After Trump Rules Out Using Force Over Greenland
In a extremely anticipated speech on the World Economic Forum in Davos, Switzerland, US President Donald Trump addressed quite a few scorching matters, together with the escalating state of affairs with Greenland and a few cryptocurrency information.
BTC’s value, alongside most monetary markets, rallied throughout and after the occasion, surpassing $90,000 after the latest meltdown.
BREAKING: US markets surge as President Trump guidelines out army motion in Greenland.
We at the moment are on step #7 of our tariff playbook with timing EXACTLY as outlined. https://t.co/O0OxJZlXyT pic.twitter.com/56Ayjb32uB
— The Kobeissi Letter (@KobeissiLetter) January 21, 2026
The analyst on the Kobeissi Letter defined that Trump’s tariff threats sometimes comply with a 12-step course of. According to their estimations, the present state of affairs between the US and the EU is on step seven, which signifies that dip consumers “step in and spark a aid rally, however this transfer usually fades and results in one other push decrease.”
This might clarify the newest good points charted by BTC, during which the asset went previous $90,000 after dipping beneath $88,000 earlier this morning. Nevertheless, the analysts stated sensible cash sometimes begins shopping for between the seventh and eighth step.
During his speech, Trump additionally doubled down on his perception that the US ought to have the bottom rates of interest, urging Fed Chair Powell to chop them subsequent week.
On the matter of cryptocurrency laws, the POTUS stated the US should stay the digital asset capital of the world, and added that he hopes the laws invoice, which caused a variety of controversy final week, shall be signed quickly.
Despite his assurances that the US received’t use pressure in taking on Greenland, the EU seems to be standing sturdy this time. New stories indicate that the bloc has stopped engaged on a commerce take care of the US following Trump’s newest feedback.
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