Bitcoin hovers near $90,000 after Trump eases Greenland tone. Here is what experts say
Synopsis
Bitcoin hovered near $90,000 after US President Donald Trump softened Greenland rhetoric, lifting risk assets. Modest daily gains followed heavy liquidations and weekly losses. Analysts see range-bound trading as policy signals, yields, and macro clarity remain uncertain amid volatile equities, cautious sentiment.
Bitcoin is hovering around the $90,000 mark after US President Donald Trump eased his tone on Greenland and tariffs on Wednesday. The cryptocurrency was trading at $89,766 level on Thursday.
In the past 24 hours, Bitcoin and Ethereum were up by 0.63% and 1.06% respectively. Ethereum was trading at $2,999. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid were up by 3% in the same period.
Riya Sehgal, Research Analyst, Delta Exchange said the relief rally followed Trump’s announcement of a- framework of a future deal with NATO, prompting gains in equities and a pullback in safe havens. Overall, traders are watching for confirmation of a base amid heavy liquidations and macro uncertainty.
Crypto TrackerTOP COINS (₹) XRP179 (2.83%)BNB81,661 (2.07%)Ethereum275,242 (1.19%)Bitcoin8,239,056 (0.64%)Tether92 (-0.02%)Also Read | 61% of crypto investors favour stock or mutual fund-like taxation, 17% back standalone regime: CoinSwitch survey
Ethereum and Bitcoin were down by 9.91% and 7% respectively in the past week. Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid fell by more than 12% last week.
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Vikram Subburaj, CEO, Giottus said with U.S. yields elevated and liquidity gravitating toward equities ahead of key data, crypto markets appear set to remain range-bound until clearer signals emerge on policy and flows.
Avoid chasing green candles and keep position sizes conservative. If you are trading, use clear stop-losses below support and take partial profits into resistance. If you are investing, stagger buys and prioritise capital protection over speed, Subburaj further said.
Market perspective
CoinSwitch Markets Desk
BTC slipped to $87K as market sentiment remained cautious due to geopolitical uncertainty, also heavy liquidations hitting the market. Over $1 billion in long liquidations, mainly in BTC and ETH, accelerated the sell-off. However, BTC later recovered toward $89K as buyers stepped in and helped by Donald Trump who said he hopes to sign digital-asset market structure legislation “very soon” during his speech in Davos, signaling clearer U.S. policy direction.
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CoinDCX Research Team
Bitcoin price rebounds from the local lows and is trading around $90,000 as the bearish influence fades. The rise in bullish sentiments followed the US president’s cancellation of the EU tariffs after forming a framework for a deal on Greenland
Nischal Shetty, Founder, WazirX
Over the last 24 hours, crypto markets have continued to respond to global macro cues. Crypto continues to gain relevance within the global financial system, and as macro-level clarity improves, confidence and momentum are likely to follow. Long-term fundamentals remain intact.
