Bitcoin fell below 88000 during Asian trading hours before moving back close to 90000. The move came after Donald Trump spoke at a global event and changed his tone on trade plans linked to Greenland. His earlier words had scared markets. When he softened his message investors felt some relief and prices started to rise again.
This sharp move showed how closely crypto still follows global news. Even though many people see bitcoin as a new kind of asset it still reacts fast when the world feels unsure. When fear rises prices fall. When calm returns prices try to recover.
The past day was very rough for crypto markets. Bitcoin dropped hard as traders reacted to worries about trade problems rising bond yields and weak stock markets. Many investors moved their money into safer places and away from risky assets like crypto.
Later the mood changed. Trump said he would not push new trade actions on European countries that did not agree with the Greenland issue. He said there was a chance for future talks. This helped markets relax. Stocks in the United States started to move up. Bond markets in Japan also showed signs of recovery. Gold stopped rising as fast. All of this helped bring some balance back.
Bitcoin moved up again and reached close to 90000. Most of the losses from earlier in the day were erased. Still the market did not turn fully positive. The mood felt more stable but not excited.
Other major coins followed the same path. They dropped during the fear wave and then slowly recovered when things calmed down. The moves were small which showed that people were not rushing back in. They were only testing the water.
This kind of fast up and down movement is now common in crypto. Traders watch world news closely. Any big speech or policy hint can move prices within minutes. Many use short term trades and quick reactions. This makes the market very sensitive.
Bond markets played a big role in this shift. Earlier in the week long term bonds in Japan fell hard and yields went to record levels. This made borrowing more costly and pushed money out of risky markets. When officials spoke and tried to calm the situation bond prices improved and yields went down. This helped risk assets like crypto feel less pressure.
The event showed again that crypto is not separate from the world economy. It moves with global money flows and investor feelings. When people feel unsafe they sell. When they feel calm they buy again.
Now traders are watching closely to see if bitcoin can stay near 90000. If global news stays quiet prices may move slowly. But if new headlines bring fear back then more swings could follow.
For now the market is in a waiting phase. People are careful. They are watching bonds stocks and political news. The past two days proved that even one speech can change everything.
Crypto remains a fast moving space where news matters as much as numbers. The rollercoaster may not be over yet.
