Bitcoin inched up toward $90,000 early Thursday as investors eased back into risk, after President Donald Trump struck a calmer tone on Greenland and signalled a path toward a deal that pulled some heat out of markets.
Asian equities followed Wall Street higher, while gold and silver slipped as the scramble for safety faded.
Market snapshot
- Bitcoin: $89,906, up 0.9%
- Ether: $3,018, up 1.8%
- XRP: $1.95, up 2.6%
- Total crypto market cap: $3.13 trillion, up 0.9%
The shift came after Trump said he had reached the “framework of a future deal” involving NATO over Greenland, and indicated he would hold off on the tariff threat that had rattled traders earlier in the week.
Trump Backs Off Greenland Tariffs, Leaves Details Of Deal Vague
That message marked a clear step down from the weekend’s rhetoric, when Trump talked up US control of Greenland, threatened a new round of duties on several European countries, and kept markets guessing about how far he might push.
European leaders had been preparing retaliation options and warning the dispute risked spilling into a broader trade fight.
Even so, the contours of any “framework” remain hazy. Denmark has repeatedly rejected the idea of ceding the semi-autonomous island, and NATO Secretary General Mark Rutte later suggested sovereignty was not on the table in his conversation with Trump, leaving investors to treat the détente as tactical, not permanent.
Markets traded the change in tone quickly. Japan’s Nikkei rose 1.4%, South Korea’s Kospi gained 1.6%, and Australia’s S&P ASX 200 added 0.6%, putting a regional gauge on track to snap a three-day losing streak.
Overnight in the US, equities rose as traders unwound part of the week’s risk-off positioning. The S&P 500 climbed 1.2% and the Nasdaq 100 advanced 1.4%, after Trump’s comments reduced the odds of near-term tariff escalation tied to Greenland.
Relief Rally Meets Reality As Greenland Stays A Live Risk
In crypto, the bounce came with a more measured tone. Bitfinex analysts said the focus now is on signs that the market is stabilizing, including ETF flows flattening or turning positive, spot taker cumulative volume delta staying net positive, and price reclaiming the $90,000 to $92,000 zone with falling volatility.
“If those don’t align, this move looks like redistribution instead of the previously assumed consolidation before an uptrend,” they said.
Rates and the dollar looked steadier as well. Treasury yields held near recent levels after easing in the prior US session, helped by calmer bond-market trading and solid demand at a $13B 20-year auction, while the greenback edged higher.
Currently, traders are treating Greenland as a live headline risk rather than a closed chapter.
Trump is still keeping the issue on the global agenda at Davos, and investors have learned this week that a single line from the podium can reset the mood across stocks, crypto and havens just as fast.
The post Asia Market Open: Bitcoin And Stocks Edge Higher As Greenland Tensions Cool appeared first on Cryptonews.
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