Bitcoin prices are recovering as gold retreats because a surprise “framework deal” just killed the tariff threat

Bitcoin prices surged past $90,000 after President Donald Trump announced he would not impose tariffs scheduled for February 1st, following a surprise "framework deal" regarding Greenland and the Arctic region. This announcement triggered a sharp reversal in risk assets, erasing losses from a preceding selloff driven by trade war fears. Conversely, gold and silver, which had rallied as safe-haven assets during the tariff scare, tumbled as traders rotated back into riskier assets. The event confirmed Bitcoin's current behavior as a high-beta macro asset that amplifies directional swings based on geopolitical headlines. The rapid rebound also liquidated $160 million in short positions within an hour. While the immediate tariff threat is gone, the underlying Greenland negotiations remain unresolved, suggesting potential for future headline risk.

(Source：CryptoSlate)