Ethereum reclaims $3,000 amid minor crypto rebound as Trump calls off Greenland tariff threat

Large-cap cryptocurrency prices, including Ethereum reclaiming the $3,000 level, rebounded following President Donald Trump's announcement of a "framework of a future deal with respect to Greenland" and the cancellation of scheduled February 1st tariffs on goods from eight European countries. This news reversed recent market stagnation, which had been exacerbated by geopolitical tension leading to significant outflows from Bitcoin and Ether ETFs and a drop in the S&P 500. Bitcoin briefly traded as low as $87,207 amid the uncertainty but recovered to around $90,070. The preceding 24 hours saw over $1 billion in long and short liquidations due to the volatile trading conditions.

(Source：The Block)