Bitcoin Price Claims $90,000 Back After Trump Rules Out Use of Force Over Greenland

However, tariff threats between the US and EU remain.

In a highly anticipated speech at the World Economic Forum in Davos, Switzerland, US President Donald Trump discussed numerous current topics, including the escalating situation with Greenland and some cryptocurrency news.

The price of BTC, like most financial markets, rose during and after the event, surpassing $90,000 after the recent crisis.

BREAKING: US markets rise as President Trump rules out military action in Greenland.

We are now at step #7 of our rate playbook with the timing EXACTLY as described. https://t.co/O0OxJZlXyT pic.twitter.com/56Ayjb32uB

— The Kobeissi Letter (@KobeissiLetter) January 21, 2026

The Kobeissi Letter analyst explained that Trump’s tariff threats typically follow a 12-step process. According to their estimates, the current situation between the US and the EU is at step seven, which means that dip buyers “intervene and trigger a relief rally, but this move often fades and leads to another decline.”

This could explain BTC’s latest charted gain, which saw the asset rise above $90,000 after dipping below $88,000 earlier this morning. Still, the analysts said smart money typically starts buying between the seventh and eighth steps.

During his speech, Trump also emphasized his belief that the US should have the lowest interest rates, and urged Fed Chairman Powell to cut them next week.

On cryptocurrency regulation, the POTUS said the US should remain the digital asset capital of the world added that he hopes that the bill, which caused much controversy last week, will be signed into law soon.

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Despite his assurances that the US will not use force to take over Greenland, the EU appears to be holding strong this time. New reports assign that the bloc has stopped working on a trade deal with the US after Trump’s latest comments.