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Crypto Market Rebounds After Trump Signals Greenland Deal Progress
Crypto markets showed strong volatility but moved higher after former U.S. President Donald Trump signaled progress on negotiations related to Greenland and the broader Arctic region.
In a post on Truth Social, Trump stated that discussions with NATO Secretary General Mark Rutte resulted in a framework for a future agreement. He also confirmed that the previously threatened tariffs on EU nations, expected to begin on February 1, would not be imposed.
Following the announcement, Bitcoin rebounded sharply, climbing above the $90,000 level after briefly dipping near $87,000 earlier in the session. The news also boosted traditional markets, with both the Nasdaq and S&P 500 gaining around 1.3%.
Meanwhile, safe-haven assets reacted differently. Gold, which had risen earlier amid trade uncertainty, gave up its gains and traded flat around $4,770 per ounce.
The market reaction highlights how macro-political developments continue to strongly influence crypto price movements, especially during periods of global economic uncertainty.#TrumpCancelsEUTariffThreat #Write2Earn $BTC
