Crypto Markets Rebound as Trump Signals Progress on Greenland Talks and EU Tariff Pause

Crypto markets experienced another volatile trading session, swinging sharply higher after former U.S. President Donald Trump signaled progress on international negotiations involving Greenland and the broader Arctic region. The comments helped ease global trade concerns and sparked renewed risk appetite across digital assets, equities, and other financial markets.

In a post on Truth Social, Trump said discussions with NATO Secretary General Mark Rutte had resulted in the “framework of a future deal” concerning Greenland and the Arctic. He added that, if finalized, the agreement would benefit both the United States and NATO allies. Markets reacted quickly to the geopolitical update, interpreting the remarks as a sign of reduced international tensions and stronger diplomatic cooperation.

Adding to the positive sentiment, Trump also announced that the previously threatened tariffs on European Union nations, which were scheduled to take effect on February 1, would not be imposed. The decision removed a key overhang for global markets, particularly risk-sensitive assets such as cryptocurrencies and technology stocks.

Bitcoin (BTC) showed classic intraday volatility following the news. After dipping to around $88,000 earlier in the session, the world’s largest cryptocurrency rebounded above $90,000, briefly fell again toward $87,000, and then surged back above the $90,000 level following Trump’s statement. The sharp price movements highlighted how sensitive crypto markets remain to macroeconomic and geopolitical developments.

U.S. equity markets also rallied, with the Nasdaq Composite and S&P 500 both rising approximately 1.3% to session highs. The gains reflected improved investor confidence as trade tensions eased and risk appetite returned. Meanwhile, precious metals retreated from earlier advances. Gold, which had benefited from safe-haven demand amid trade uncertainty, gave up its gains and traded flat on the session at around $4,770 per ounce.

Overall, the day underscored the continued influence of geopolitical news on crypto prices, Bitcoin market trends, and broader financial markets. As investors monitor developments related to global trade, tariffs, and international negotiations, volatility is likely to remain a defining feature across both digital assets and traditional markets.