The cryptocurrency market experienced a volatile day, ultimately trending upward after President Trump indicated advancements in negotiations concerning Greenland’s future.
In a post on Truth Social, Trump stated, “Following a highly productive discussion with NATO Secretary General Mark Rutte, we have established the foundation for a prospective agreement involving Greenland and the broader Arctic Region. If finalized, this arrangement will be highly beneficial for both the United States and all NATO member countries.”
Additionally, the president announced that he would not proceed with imposing previously threatened tariffs on European Union countries scheduled to begin on February 1st.
Bitcoin (BTC), which had dipped to $88,000 earlier in trading, surged past $90,000 before falling back near $87,000. However, it quickly rebounded above $90,000 shortly after Trump’s announcement.
Meanwhile, U.S. stock indices reached session highs; both the Nasdaq and S&P 500 advanced by approximately 1.3%. Precious metals—initially buoyed by escalating trade tensions—reversed gains as gold prices settled flat at around $4,770 per ounce.