Bitcoin surged back toward the $90,000 mark on Wednesday morning in the U.S., signaling renewed confidence among investors after former U.S. President Donald Trump struck a noticeably calmer and more conciliatory tone on the long-debated issue of Greenland during his keynote address at the World Economic Forum in Davos.
The world’s largest cryptocurrency rebounded sharply, with BTC rising about 2.2% from session lows, as risk sentiment improved across global markets. The move came after days of volatility triggered by fears of escalating geopolitical tensions between the United States and Europe.
A Softer Message from Davos
During his speech, Trump emphasized that the United States is prepared to negotiate peacefully to discuss the potential acquisition of Greenland, stressing that such a move would not threaten NATO.
“I’m seeking immediate negotiations to once again discuss the acquisition of Greenland by the United States,” Trump said. “This will not be a threat to NATO.”
Lightening the tone further, he added later, “All I’m asking is a piece of ice,” while making it clear that no force would be used in any such discussions.
This shift in rhetoric helped calm markets that had been rattled earlier by Trump’s threats of tariffs on several European countries, which had sparked a sell-off in risk assets, including cryptocurrencies.
Bitcoin Outshines as Gold Pulls Back
As Bitcoin regained momentum and hovered near $90,000, traditional safe havens told a different story. Gold retreated from its fresh record near $4,900, giving back part of its recent gains as investors rotated back into riskier assets.
The divergence highlighted Bitcoin’s growing role as both a risk-on asset and a macro sentiment indicator, especially during periods of political and economic uncertainty.
Fed Criticism Adds to Market Focus
Trump also reignited debate around U.S. monetary policy, confirming that he plans to announce a new Federal Reserve Chairman “in the not too distant future.” While acknowledging that all candidates interviewed were capable, he criticized how officials often change once in office.
He did not hold back on his assessment of the current Fed leadership, once again taking aim at Jerome Powell, whom he originally appointed, calling him “always too late.”
Market Outlook
Bitcoin’s rebound suggests that investor confidence remains resilient, with traders quick to buy dips when geopolitical fears ease. However, with political uncertainty, Fed leadership speculation, and global trade tensions still in play, volatility is likely to remain a defining feature of the crypto market in the near term.
$For now, Bitcoin’s climb back toward $90,000 underscores its position at the center of global market narratives—where politics, policy, and price action collide.
