Bitcoin BTC$89,109.82 There was a slight rebound in US markets on Wednesday morning after President Trump took a more conciliatory stance towards Greenland in his keynote speech at the World Economic Forum in Davos.
“I am calling for immediate negotiations to renegotiate America’s acquisition of Greenland, just as we have acquired many other territories throughout our nation’s history,” Trump said. “This is not a threat to NATO.”
“What I’m looking for is a piece of ice,” he added during his speech, saying he would not use force to take over.
Bitcoin rose to $89,500, up more than 1% from the session’s low. Meanwhile, gold has fallen from its all-time high of around $4,900, regaining some of its early gains.
Risk assets, including cryptocurrencies, have plunged in recent days as investors grow concerned about escalating tensions between the United States and Europe over Greenland. President Trump has threatened to impose tariffs on several European countries.
Read more: Bitcoin falls below $89,000 on fears of new tariff war and falling bonds