"The bitcoin price experienced several intraday spikes on Wednesday, swinging by several thousand dollars as traders reacted to shifting geopolitical headlines and fresh comments from U.S. President Donald Trump. The world's largest cryptocurrency started the day near $88,000 before surging above $90,000 in early trading. The rally proved short-lived, however, with bitcoin sliding back into the upper $87,000 range after markets opened and dipped. Prices then roared higher once again, rebounding toward $90,000 after Trump announced a delay to planned trade tariffs."
"Trump said he would delay tariffs that were scheduled to take effect on February 1 after what he described as a "very productive meeting" with NATO Secretary General Mark Rutte. In the post, Trump outlined a preliminary framework for a broader agreement involving Greenland and the Arctic region, calling the potential deal "a great one for the United States of America, and all NATO nations." He added that, based on the discussions, the planned tariffs would not move forward."
Bitcoin moved sharply intraday, swinging several thousand dollars and oscillating between roughly $87,000 and $90,000. The price began near $88,000, surged above $90,000, fell into the upper $87,000 range, then rebounded toward $90,000 after U.S. President Donald Trump announced a delay to planned trade tariffs. Bitcoin briefly reclaimed $90,000 twice during the same session. Trump said at the World Economic Forum in Davos and on Truth Social that he would delay February 1 tariffs after a “very productive meeting” with NATO Secretary General Mark Rutte and outlined a preliminary Greenland and Arctic framework. U.S. equities rose about 1.5%, lifting risk assets and major cryptocurrencies, and Trump reiterated support for digital assets and intent to sign crypto market structure legislation soon.
Read at Bitcoin Magazine
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