Trump Calls Off Greenland Tariffs, Markets Rebound as Risk Fades

Global markets, including Bitcoin, Ethereum, and US equities, experienced a sharp rebound after President Donald Trump announced he would not proceed with tariffs linked to Greenland. This announcement erased earlier trade war fears that had caused risk-off moves, pushing Bitcoin back toward $90,000 and stabilizing the S&P 500. The initial market sell-off occurred after Trump and senior officials revived aggressive tariff rhetoric at the World Economic Forum in Davos, leading investors to price in higher inflation risks and global trade uncertainty. The rapid recovery validates the close link between crypto markets and macro policy signals. Although the immediate tariff threat was removed, uncertainty remains as discussions continue regarding Greenland's strategic role in Arctic security.

(Source：BeInCrypto)