$BTC
President Donald Trump signalled a diplomatic shift on Wednesday at the World Economic Forum in Davos, saying he would not pursue military action to acquire Greenland and had reached “the framework of a future deal” on the Danish territory with NATO allies.
The remarks injected fresh volatility into crypto markets. Bitcoin (BTC-USD) fell to an intraday low near $87,300 before rebounding back toward $90,000 as traders reassessed US trade policy risks and broader macro conditions. More than $625m in leveraged crypto positions were liquidated over 24 hours, split roughly evenly between longs and shorts across about 150,000 traders, according to Coinglass market data.
Analysts said the episode underscored how digital assets are reacting more directly to geopolitical and macro headlines.
“Today’s sharp price swings highlight how closely crypto markets are tracking geopolitical and policy developments,” said Rachel Lin, CEO of SynFutures, noting that Trump’s signals on Greenland negotiations and a pause on potential EU tariffs “briefly improved global risk sentiment, prompting a rapid rebound in bitcoin alongside US equities.”#FedWatch #TrumpNFT #TRUMP