BTC traded between $89,300–$90,200, with 30-day implied volatility and open interest dropping even as prices rose — a signal of profit-taking and muted futures demand.
Equities rebounded after tariff concerns eased, gold pulled back from record highs and crypto continued to track stocks.
SAND jumped 11%, CoinDesk’s Metaverse Select Index rose 6.6% on the day while privacy tokens lagged and DeFi total value locked maintained a steady increase.The crypto market was relatively stable Thursday with bitcoin BTC$89,965.44 ranging between $89,300 and $90,200 following volatility spurred by tariff-related comments from U.S. President Donald Trump on Wednesday.
The political toing and froing between the European Union and U.S. came to a head in Davos, with Trump initially easing fears by saying "force" would not be used over Greenland before canceling plans to impose tariffs on the EU, sending markets higher in what's become known as a taco trade.$BTC
BTC89,171.12+1.78%
ETH2,941.17+2.15%
BNB884.71+2.11%