Bitcoin Rebounds on Geopolitical Relief
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Bitcoin demonstrated its sensitivity to macroeconomic developments with a swift recovery above $90,000, following President Trump's announcement that tariffs scheduled for February 1 would not be imposed. This reversal erased most of a two-day selloff that had been driven by escalating trade-war fears, particularly surrounding tensions related to Greenland. The price action saw Bitcoin test $87,300 earlier in the session before rebounding sharply on the news.
The move highlights Bitcoin's evolving role as a risk-on asset that responds to traditional market catalysts, with the recovery coinciding with a retreat in gold prices as the tariff threat diminished. This correlation suggests institutional and macro traders are increasingly treating Bitcoin as part of broader risk-asset allocations, though its volatility remains elevated compared to traditional safe havens. The framework deal that prompted the reversal underscores how geopolitical developments continue to drive short-term price movements in the cryptocurrency market.
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