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Bitcoin bounces above $90,000 as Trump strikes calmer tone on Greenland acquisition in Davos
Trump said U.S. prepares to negotiate to acquire Greenland that will not pose threat to NATO.
Updated Jan 21, 2026, 3:24 p.m. Published Jan 21, 2026, 2:24 p.m.
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What to know:
- Bitcoin rose to about $89,500 on Wednesday morning, rebounding more than 1 percent from its session low.
- The move came after former President Donald Trump struck a more conciliatory tone on U.S. efforts to acquire Greenland during a keynote speech at the World Economic Forum in Davos.
- Gold retreated from a record high near $4,900 as risk assets, including cryptocurrencies, attempted to stabilize after several days of sharp declines.
Bitcoin rebounded towards $90,000 on Wednesday morning in the U.S. as Trump struck a more conciliatory tone on Greenland during a keynote speech at the World Economic Forum at Davos.
"I'm seeking immediate negotiations to once again discuss the acquisition of Greenland by the United States, just as we have acquired many other territories throughout our history," Trump said. "This will not be a threat to NATO."
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"All I'm asking is a piece of ice," he added later during the speech, noting that he won't use force for the acquisition.
Trump is also planning to announce the incoming Federal Reserve Chairman "in the not too distant future," he said. He argued that everyone interviewed would "do a fantastic job," but added that the "problem is they change once they get the job."
He once again slammed Fed Chairman Jerome Powell, who Trump picked for the role during his first term, saying that "we have a terrible chairman right now" and he's "always too late."
Bitcoin rally
Bitcoin retook the $90,000, advancing 2.2% from the session lows. Meanwhile, gold fell from its fresh record of almost $4,900, giving back some of the early gains.
The rebound came after risk assets, including cryptocurrencies, saw sharp declines over the past days as investors grew increasingly concerned about rising tensions between U.S. and Europe over Greenland. Trump threatened to impose tariffs against several European countries.
Read more: Bitcoin falls below $89,000 amid new tariff war concerns, bond selloff
UPDATE (Jan. 21, 15:20 UTC): Updates bitcoin price action. Adds Trump's remarks about the Federal Reserve.
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