Bitcoin rebounded toward the $90,000 mark on Wednesday in U.S. trading as former President Donald Trump softened his rhetoric on Greenland during a keynote speech at the World Economic Forum in Davos.
Trump said the United States would pursue talks to revisit a potential acquisition of Greenland, stressing that the process would be diplomatic and would not involve the use of force or threaten NATO. “All I’m asking is a piece of ice,” he said, seeking to downplay geopolitical risks.
He also said the next Federal Reserve chair would be announced “in the not too distant future,” while again criticizing current Chair Jerome Powell. Trump, who appointed Powell during his first term, said the Fed has been “always too late” in responding to economic conditions.
Bitcoin climbed roughly 2.2% from intraday lows to briefly retake $90,000, snapping a recent losing streak. The move followed several days of selling across risk assets, including cryptocurrencies, driven by concerns over potential U.S.–Europe trade tensions linked to Greenland. Trump had earlier threatened tariffs on several European countries.
Gold eased back from a fresh record near $4,900 as investors pared safe-haven positions amid improving risk sentiment.
