Catenaa, Thursday, January 29, 2026-Major cryptocurrencies rebounded last week after US President Donald Trump said he would not move forward with planned tariffs tied to Greenland, easing recent pressure across global markets.
Bitcoin climbed back above $91,000 shortly after Trump said the United States had reached a long-term framework with NATO on Greenland and would halt tariffs scheduled to take effect Februaery 1.
The asset had fallen as low as $87,207 earlier in the day after two sessions of declines linked to trade and geopolitical uncertainty.
Ether also recovered, rising above the closely watched $3,000 level. Other large-cap tokens, including XRP and Cardano’s ADA, posted gains of more than 4 percent, reflecting improved risk sentiment across digital assets.
Crypto markets had weakened alongside equities as investors weighed the impact of potential US tariffs on goods from several European countries.
On Tuesday, US-listed spot bitcoin and ether exchange traded funds recorded combined net outflows of about $713 million, signaling reduced appetite amid macro uncertainty.
Traditional markets showed similar strain. The S and P 500 fell 2.1 percent on Tuesday, its sharpest single-day decline since October.
Stocks moved higher earlier Wednesday after Trump ruled out military action in Greenland and extended gains following his tariff comments.
Crypto-linked equities also rebounded modestly. Shares of major digital asset treasuries and mining firms moved higher, tracking gains in underlying token prices.
Volatility remained elevated.
Data from CoinGlass showed more than $1 billion in liquidations across crypto markets over the past 24 hours, split roughly evenly between long and short positions, as prices swung sharply within a wide intraday range.
