The crypto market reflected small recoveries for a majority of altcoin on Thursday after U.S. President Donald Trump dropped tariff threats over forced Greenland acquisition. Bitcoin price rose by 1.85 percent over the last day. At the time of writing, the oldest and most expensive crypto asset was trading at $89,908. Bitcoin’s seven-day average price is down by 7.74 percent, CoinMarketCap showed.
Earlier this week, President Trump stirred controversy after he said he wishes to acquire Greenland over national security reasons. In the aftermath of the situation, the crypto market witnessed a visible drop.
During his keynote address at the World Economic Forum conference in Davos, however, he revoked his threatening stance and said he was seeking “immediate negotiations” over Greenland — emphasizing that the move would not involve military force or pose a threat to NATO. “All I’m asking is a piece of ice,” he joked, signaling a softer approach compared with prior rhetoric.
“Bitcoin rebounded toward the $90,000 level on Wednesday morning in the U.S., recovering more than two percent from session lows as risk sentiment stabilized following remarks by President Trump. The shift in tone helped calm investors,” said Sathvik Vishwanath, Co-Founder and CEO of Unocoin
Ether joined Bitcoin on the profit-side of the price chart on Thursday. The asset rose in price by 2.12 percent to trade at $2,990.
“The crypto market is showing a healthy recovery, with Bitcoin reclaiming the $90,000 level and Ethereum holding firmly above $3,000. Adding to the optimism, President Trump’s indication of an upcoming crypto market structure bill has further boosted investor confidence,” Akshat Siddhant, Lead Quant Analyst, Mudrex pointed out.
Tokens that reeled-in recoveries include BNB, XRP, Solana, Tron, Dogecoin, Cardano, Bitcoin Cash, and Monero — all of which reflected profits of under two percent on Thursday. Chainlink, Leo, Stellar, Hyperliquid, and Zcash also registered similar gains — letting Canton single-handedly outshine altcoins hitting nearly 15 percent in profit to trade at $0.1494.
Tokens including Shiba Inu, XRP, Avalanche, Litecoin, and Toncoin meanwhile are showing signs of instability.
The overall crypto market cap rose by 1.40 percent over the last day, bringing its valuation to $3.04 trillion, data by CoinMarketCap showed on Thursday.
Analysts have warned that traders should interpret the move as a temporary pullback, using volatility to build diversified positions and accumulate at key support levels while monitoring geopolitical developments that influence risk appetite.
“The evolving dynamics underscore crypto’s maturing role as a risk asset influenced by macro cycles, and while geopolitical headwinds can create short-term noise, the underlying demand drivers for both BTC and ETH remain intact as markets adjust,” said Ryan Lee, Chief Analyst at Bitget.
Over 127,620 traders were liquidated in the last 24 hours with total liquidations exceeding $520 million, CoinGlass data showed.
Source: CoinGlass
Market experts have said that traders must interpret the present situation as a temporary pullback, using volatility to build diversified positions and accumulate at key support levels while monitoring geopolitical developments that influence risk appetite.