Share this article
Bitcoin moves back to $90,000 as Trump pulls tariff threat after 'productive meeting' with NATO chief
"The solution, if consummated, will be a great one for the U.S. and all NATO nations," said President Trump in a Truth Social post.
Updated Jan 21, 2026, 8:38 p.m. Published Jan 21, 2026, 7:41 p.m.
Make us preferred on Google
What to know:
- President Trump said he had a "very productive meeting" with NATO Secretary General Mark Rutte regarding a deal over Greenland.
- He further said he would not be imposing threatened tariffs on EU trading partners.
- Markets rose across the board, with bitcoin re-taking the $90,000 level.
Crypto markets continue with an up and down day — this time up — after President Trump signalled progress on talks regarding the future of Greenland.
"Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region," said Trump in a Truth Social post. "This solution, if consummated, will be a great one for the United States of America, and all NATO Nations."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The president then said he would not be imposing the threatened tariffs on EU nations that were set to go into effect on Feb. 1.
Bitcoin , which earlier in the session had slumped to $88,000, then rose above $90,000, only to slump again to nearly $87,000, quickly shot back above $90,000 following the posting.
U.S. stocks pushed to session highs as well, with the Nasdaq and S&P 500 each climbing 1.3%. Precious metals, which had been seeing strong buying pressure as trade tensions bubbled higher, gave up earlier gains, with gold back to flat for the session at $4,770 per ounce.
More For You
More For You
Bitcoin's plunge signals coming AI crisis, but massive Fed response will drive new record high: Arthur Hayes
The rise of artificial intelligence is likely to displace millions of workers in quick order, triggering sizable credit defaults, said Hayes.
What to know:
- Bitcoin's recent crash is signaling a coming massive AI-related credit event, wrote Arthur Hayes.
- The Fed's response to the coming financial crisis is likely to restart the crypto bull market.
- That doesn't mean there won't be more pain ahead for bitcoin bulls, as political division could delay central bank action.
Top Stories
