Trump withdraws Greenland tariffs... Bitcoin recovers to $89,000 range

Source: DecenterKorea Original Title: Trump Withdraws Greenland Tariffs, Bitcoin Recovers to $89,000 [DeCenter Market News] Original Link: https://www.decenter.kr/NewsView/2K7EH9IBRT/GZ03

Bitcoin(BTC) has recovered to the $89,000 level. This is due to U.S. President Donald Trump withdrawing the tariffs he had announced against the European Union(EU), easing risk aversion in the global financial markets.

According to CoinMarketCap, a global cryptocurrency market data site, at 8 a.m. on the 22nd, BTC rose 1.56% from the previous day to $89,808.70. It briefly dipped into the $87,000 range early this morning but rebounded afterward.

At 8 a.m. on the 22nd, based on Bithumb, BTC was trading at 133,036,000 won, down 0.09% from the previous day.

Ethereum(ETH) is trading at $3,010.50, up 2.17%. BNB(BNB) decreased 0.37% to $887.18, XRP(XRP) increased 4.23% to $1.967, and Solana(SOL) rose 3.66% to $130.68.

The domestic market is mixed. At the same time, based on Bithumb, BTC is down 0.09% from the previous day at 133,036,000 won. ETH is up 0.93% at 4,463,000 won, XRP has increased 1.18% to 2,913 won, and SOL is up 0.73% at 193,600 won.

President Trump announced on the 21st(local time) on his Truth Social that “Following a very productive meeting with NATO Secretary General (NATO), we have established a framework for future agreements on Greenland and the entire Arctic region.” He also withdrew plans to impose tariffs on eight European countries starting February 1.

Expectations for easing trade conflicts have spread, leading to buying across risk assets. U.S. stock markets also showed strength. The Nasdaq and S&P 500 indices rose by 1.18% and 1.16%, respectively. Market analysts say that President Trump’s tariff policy statements are acting as a key short-term factor increasing volatility in cryptocurrencies.

The Alternative.me Fear & Greed Index is down 8 points from the previous day to 24, indicating an ‘Extreme Fear’ state. The index approaches 0 when investor sentiment is subdued, and nears 100 when the market is overheated.