The crypto market is showing upside momentum today, with Bitcoin rising above $90,000. Major crypto assets, including Ethereum (ETH), BNB, XRP, Solana (SOL), and Cardano (ADA), also saw a slight rebound. While crypto prices climbed modestly amid easing geopolitical tensions, traders are closely awaiting US PCE inflation data and the Bank of Japan (BOJ) rate decision.
Bitcoin and Crypto Prices Jump as President Trump Eases Tariffs Jitter
Crypto prices narrow losses & Bitcoin price climbs above $90,000 after US President Donald Trump abandoned tariff plan on European countries. He also ruled out using military force to acquire Greenland, reducing geopolitical risks.
However, Trump said he had secured a framework for a future deal on Greenland following talks with NATO, as CoinGape reported. BTC and ETH fell amid uncertainty but later recovered above $90,000 and $3,000, respectively.
Decline in gold and silver prices also helped trigger a broader crypto market rebound. XRP climbs 2% to $1.95, BNB, SOL, and ADA also witnessed much-needed gains.
CLARITY Act Progress and Crypto-Focused WEF Speeches
Trump’s mention of crypto regulations and Bitcoin in his speech at the World Economic Forum (WEF) in Davos sparked bullish sentiment. He stated progress on a global scale and hopes to sign the CLARITY Act soon.
Comments from Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse at Davos also increased positive sentiment and boosted crypto prices. Garlinghouse expects crypto market to see all-time highs in 2026 due to regulatory unlocks like the GENIUS Act and clearer regulatory frameworks. Crypto stocks MSTR stock, Bitmine (BMNR), and CleanSpark (CLSK) surged as President Trump’s speech caused a recovery in global stock markets. Nas 100 futures index is further up by 0.65% today.
Crypto Prices Rise as Whales and Investors Close Short Positions
Coin glass data shows BTC, ETH, XRP, and ADA recorded massive short liquidations. Crypto prices jumped as more than $300 million in short positions were liquidated from the total crypto liquidation of almost $600 million over the last 24 hours.
Onchain Lens reported that “255 BTC Sold” whale has closed its shorts positions, opening long positions on the crypto assets. While BTC leverage has cooled, rising trading volume and lower liquidations triggered a bounce from oversold conditions amid buy-the-dip sentiment.BTC climbed above $90K as the 10-year US Treasury yield dropped 4.25% and the US dollar index (DXY) steadied around 98.80. Crypto market participants await fresh insights on the US labor market, US PCE inflation data, and BOJ interest rate decision for market direction.
BTC, ETH, XRP & ADA Futures Open Interests Rise
CoinGlass data showed buying sentiment has returned in the derivatives market. At the time of writing, the total BTC and ETH futures open interest jumped to $60 billion and $38.80 billion in the last 4 hours.
Meanwhile, XRP futures open interest climbed almost 2% in the past 24 hours, with a 1.50% jump on CME. Also, ADA futures have increased by 1% to $658 million in the last 24 hours. This signals bullish sentiment among derivatives traders.
