Bitcoin moved back above the 90,000 level after U.S. President Donald Trump said he would not proceed with previously threatened tariffs on European Union trading partners following what he described as a productive meeting with NATO leadership. The comments marked a shift in tone after days of heightened trade rhetoric that had weighed on risk assets across global markets. In a public statement, Trump said discussions had produced a framework for a future agreement related to Greenland and the broader Arctic region, adding that the outcome could benefit both the United States and NATO nations. The decision to step back from tariffs that were scheduled to take effect in early February eased concerns about an escalation in transatlantic trade tensions. That change in outlook helped restore risk appetite, particularly in assets that had been sensitive to geopolitical and policy uncertainty.
Crypto markets reacted quickly to the change in sentiment. Bitcoin had earlier slipped toward the high 80,000 range amid broader volatility, reflecting unease tied to trade policy and macro uncertainty. After the tariff threat was withdrawn, prices rebounded sharply, pushing the asset back above 90,000 in a short time frame. The move highlighted how closely digital assets remain linked to shifts in global risk perception, despite narratives around bitcoin as a hedge against political and economic instability. Volatility remained elevated throughout the session, with rapid intraday swings underscoring the market’s sensitivity to policy signals. Still, the recovery suggested that traders viewed the reduction in trade risk as supportive for speculative and growth-oriented assets, including cryptocurrencies.
Traditional markets showed a similar response, reinforcing the broader risk-on move. U.S. equities climbed to session highs, with major indices posting solid gains as investors reassessed the likelihood of near-term trade disruptions. At the same time, assets that had benefited from defensive positioning began to lose momentum. Gold, which had seen strong demand during the period of tariff uncertainty, gave up earlier gains and traded flat by the end of the session. The synchronized reaction across equities, crypto, and commodities pointed to a temporary easing of macro stress rather than a crypto-specific catalyst. For bitcoin, the move back above 90,000 reflected relief-driven buying tied to geopolitical developments, leaving the asset once again trading in line with broader shifts in global market sentiment.
