January 22 News, Bitcoin experienced intense volatility during the Asian trading session, briefly falling below $88,000 before quickly rebounding to around $90,000. Previously, U.S. President Donald Trump announced at the Davos World Economic Forum that he would withdraw the threat of tariffs on Greenland, which significantly eased market tensions.
Affected by macroeconomic and geopolitical factors, risk aversion sentiment spread earlier this week, putting pressure on the cryptocurrency market. Bitcoin briefly dropped to $87,300 on Wednesday, while Ethereum fell below $3,000 amid a sell-off. Major tokens such as Solana, XRP, Cardano, (Dogecoin) also retreated, indicating that investors are highly sensitive to short-term risk assets.
After Trump announced he would not impose tariffs on European countries opposing U.S. control of Greenland, market sentiment quickly improved. U.S. stock index futures rebounded, Japanese government bond yields declined, and gold’s safe-haven demand weakened, leading to a rebound in the cryptocurrency market. Bitcoin recovered most of its losses, stabilizing near $90,000; Ethereum rebounded above $3,020; Solana rose to about $130; XRP recovered to around $1.95; Cardano and Dogecoin also regained some ground.
Analysts pointed out that this market reversal highlights the sensitivity of cryptocurrency prices to global political developments and bond market trends. Although Bitcoin is often viewed as an alternative asset, it still exhibits high-risk asset characteristics during macroeconomic uncertainty. Previously, Japanese government bond yields surged, triggering speculative capital outflows, and the subsequent decline became a key driver for the rebound of digital assets.
As trading sessions in Asia and Europe unfold, traders will focus on whether Bitcoin can hold above $90,000 and whether the short-term positive effects of Trump’s withdrawal of tariff threats will persist. Recent trends show that global policy and interest rate changes remain key factors driving cryptocurrency market volatility. While the short-term rebound appears solid, investors should remain alert to potential fluctuations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Why Has Bitcoin Risen Instead of Falling Since the Middle East Conflict?
Middle East geopolitical tensions are intensifying, leading to asset divergence in global financial markets. Recently, gold prices have pulled back significantly, while Bitcoin has surged 7% against the trend, demonstrating its characteristics as an emerging safe-haven asset. The holding costs of gold have increased in a high interest rate environment, prompting investors to shift toward Bitcoin with greater liquidity, marking a shift in consensus around traditional safe-haven assets. Bitcoin has become an important tool for hedging risk and may redefine safe-haven assets.
金色财经_2m ago
Why Did the Crypto Market Rise Today? Trump Releases Easing Signals, Bitcoin Stands Above $70,000
On March 24th, the cryptocurrency market rebounded as Bitcoin's price rose from $68,000 to $71,000, influenced by Trump's suspension of plans for strikes against Iran. Crude oil prices fell, easing inflation concerns, and the market's total size rebounded to $2.39 trillion. Bitcoin is currently around $70,500 but facing short-term resistance. Japan's Liberal Democratic Party is promoting an AI financial framework, while the Balancer ecosystem is entering an adjustment phase. FET price showed a slight increase, indicating the recovery of short-term buying interest.
GateNews6m ago
Trump Releases Iran De-escalation Signals, Bitcoin Surges and Oil Prices Plummet, Market Shows "Golden Trading Window"
On March 24th, Trump's announcement regarding the de-escalation of the Iran situation triggered rapid global market reactions, with stock markets surging, crude oil plummeting, and Bitcoin rising, demonstrating a warming of market risk appetite. Various asset classes showed distinctly different reaction paths to the same event, with some funds capitalizing on early positioning, drawing market attention to information sensitivity.
GateNews15m ago
