January 22 News, Bitcoin experienced intense volatility during the Asian trading session, briefly falling below $88,000 before quickly rebounding to around $90,000. Previously, U.S. President Donald Trump announced at the Davos World Economic Forum that he would withdraw the threat of tariffs on Greenland, which significantly eased market tensions.
Affected by macroeconomic and geopolitical factors, risk aversion sentiment spread earlier this week, putting pressure on the cryptocurrency market. Bitcoin briefly dropped to $87,300 on Wednesday, while Ethereum fell below $3,000 amid a sell-off. Major tokens such as Solana, XRP, Cardano, (Dogecoin) also retreated, indicating that investors are highly sensitive to short-term risk assets.
After Trump announced he would not impose tariffs on European countries opposing U.S. control of Greenland, market sentiment quickly improved. U.S. stock index futures rebounded, Japanese government bond yields declined, and gold’s safe-haven demand weakened, leading to a rebound in the cryptocurrency market. Bitcoin recovered most of its losses, stabilizing near $90,000; Ethereum rebounded above $3,020; Solana rose to about $130; XRP recovered to around $1.95; Cardano and Dogecoin also regained some ground.
Analysts pointed out that this market reversal highlights the sensitivity of cryptocurrency prices to global political developments and bond market trends. Although Bitcoin is often viewed as an alternative asset, it still exhibits high-risk asset characteristics during macroeconomic uncertainty. Previously, Japanese government bond yields surged, triggering speculative capital outflows, and the subsequent decline became a key driver for the rebound of digital assets.
As trading sessions in Asia and Europe unfold, traders will focus on whether Bitcoin can hold above $90,000 and whether the short-term positive effects of Trump’s withdrawal of tariff threats will persist. Recent trends show that global policy and interest rate changes remain key factors driving cryptocurrency market volatility. While the short-term rebound appears solid, investors should remain alert to potential fluctuations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETFs 'will be larger' than gold ETFs: Analyst
Spot Bitcoin exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart.
“There are just more use cases of why somebody would put a Bitcoin ETF in a p
Cointelegraph40m ago
Bitcoin's $1.3 trillion security race: Key initiatives aimed at quantum-proofing the world's largest blockchain
Quantum computers capable of breaking the Bitcoin blockchain do not exist today. Developers, however, are already considering a wave of upgrades to build defenses against the potential threat, and rightfully so, as the threat is no longer hypothetical.
This week, Google published research
CoinDesk1h ago
Michael Saylor calls BIP-110 Bitcoin’s largest self-inflicted risk
Strategy co-founder Michael Saylor believes that Bitcoin (BTC) has gained overwhelming dominance in the global “media war.” However, he also warns that changes at the protocol level—especially the proposed BIP-110—could become the biggest remaining risk to the network
TapChiBitcoin1h ago
Here's what 'cracking' bitcoin in 9 minutes by quantum computers actually means
Google's Quantum AI team said earlier this week that a future quantum computer could derive a bitcoin private key from a public key in roughly nine minutes. The number ricocheted across social media and spooked markets.
But, what does it actually mean in practice?
Let's start with how bitcoin
CoinDesk2h ago
Data: Within two months after a major shock, Bitcoin’s performance has broadly outperformed gold and the S&P 500 index
Gate News message, April 5, according to data, within the two months after major global shock events, Bitcoin generally performed better than gold and the S&P 500 index (a U.S. stock market benchmark index). In specific data, after the Trump administration announced large-scale tariff measures in April 2025, Bitcoin rose 24% in the following 60 days, gold rose 8%, and the S&P 500 rose 4%. In early March 2020, when the COVID-19 pandemic broke out, Bitcoin also rose 21%, outperforming gold and the S&P 500 index.
GateNews4h ago
