Bitcoin just bounced back above $90,000 after a wild ride triggered by geopolitical drama—and President Trump's latest comments at #Davos2026 seem to be the catalyst for the relief rally! Here's the full picture: Over the past few days, markets got spooked by escalating tensions around Trump's push to acquire Greenland (yes, that massive icy island owned by Denmark).
Earlier threats of tariffs on European nations (including NATO allies like Denmark, Norway, Sweden, and others) who sent troops there, plus fears of trade wars and alliance strain, sent risk assets—including #Bitcoin—into a tailspin. BTC dipped as low as around $88,000-$88,200 amid heavy liquidations and a broader "risk-off" mood, with over $1B wiped out in crypto in one session. But in his keynote speech at the World Economic Forum in Davos today, Trump struck a noticeably calmer, more conciliatory tone: He explicitly ruled out using force: “I don’t have to use force. I don’t want to use force. I won’t use force.”
Instead, the U.S. is preparing for immediate negotiations to discuss acquiring Greenland peacefully.
He emphasized that U.S. control wouldn't threaten NATO (which includes Denmark), framing it as a matter of Arctic security and national defense rather than aggression.
Called it a "small ask" over a "piece of ice," while insisting no other nation can secure it properly.
Markets loved the de-escalation signal—no invasion vibes, just talks. Bitcoin rebounded sharply toward $90,000+ (hitting around $89,500-$90,300 in reports), paring losses and flipping the sentiment from fear to cautious optimism. Gold dipped as risk appetite returned, and broader equities stabilized too.
Is this the end of the Greenland drama? Probably not—Denmark and Greenland have repeatedly said it's not for sale, and European leaders aren't thrilled. Tariffs could still loom if talks stall. But for now, the "Trump Trade" volatility eased just enough to let bulls breathe.
Crypto traders are watching closely: calmer geopolitics + any pro-crypto hints (like the CLARITY Act push) could keep the momentum going. Risk-on mode reactivated? $BTC holders are certainly hoping so. What do you think—Greenland saga over, or just getting started? Drop your takes below! @Vanarchain
