US President Donald Trump has decided not to invade Greenland, which gives Bitcoin some relief from the geopolitical pressures that have been weighing on its price chart. The world breathed a small, collective sigh of relief on Wednesday when US President Donald Trump said he would not use force to take over Greenland during a rambling, hour-long speech to a crowd of world leaders in Davos. Trump argued why the US should rightly own Greenland, ostensibly as a bulwark against Russian or Chinese influence in the region. However, he walked back some worrying rhetoric about military action, stating that he would not use force to take over Greenland, which itself is an autonomous region of Denmark. He scrapped plans to use tariffs to pressure allies to go along with his acquisition plans. Indeed, he walked away from Davos with a supposed “framework of a future deal.” Bitcoin (BTC) responded positively to the news, bumping up from around $87,000 to $90,000 as the evening came to a close. Read more
The US president said he supported the GENIUS Act because it was "politically popular,” but added the main reason was in response to China. US President Donald Trump used part of his speech addressing the crowd at the World Economic Forum (WEF) on Wednesday to discuss the motivations behind his crypto policies, saying China’s regulatory landscape was a factor. In a Wednesday speech at the WEF’s annual meeting in Davos, Switzerland, Trump said he supported the signing of the payment stablecoin-focused legislation, the GENIUS Act, in July because it was “politically good” and “China wanted that market, too.” “[I]t is politically popular,” said Trump on crypto. “But it’s, much more importantly, we have to make it so that China doesn’t get the hold of it. And once they have that hold, we’re not going to be able to get it back.” Read more
Bitcoin joined stocks in a relief bounce as US President Donald Trump hinted at new legislation "very soon" and a doubling of the Dow Jones. Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation. Key points: Trump breathes modest gains into BTC price action with his World Economic Forum speech. Read more
US President Donald Trump’s plane was forced to return to an air base late Tuesday due to a “minor electrical issue” shortly after departing for Switzerland, the White House said. Air Force One returned to Joint Base Andrews out of an abundance of caution, Press Secretary Karoline Leavitt said. It landed shortly after 0400 GMT. Journalists traveling with Trump reported that lights in the cabin went out briefly after takeoff. After returning to Andrews, Trump resumed his trip to the Davos forum early Wednesday. Trump and his entourage changed planes at Joint Base Andrews and took off again shortly after 0500 GMT, about two-and-a-half hours after his initial departure. With its classic blue and white livery, Air Force One is arguably the world’s most iconic plane and an instantly recognisable symbol of the US presidency. Trump has long been unhappy with the current Air Force One jets - two highly customized Boeing 747-200B series aircraft that entered service in 1990 under president George H.W Bush. Last year, ...
Crypto markets sell off as US stocks and global markets react to President Trump’s new tariff threats. Will the tensions put a stop to Bitcoin's start-of-year recovery? Key takeaway: Rising US and Japan bond yields signal macroeconomic stress, dragging the total crypto market capitalization 32% below its Oct 2025 peak. Bitcoin (BTC) and Ether (ETH) retested their lowest levels in more than two weeks after crypto and stock markets digested US President Donald Trump’s fresh round of tariff threats. The potential tariffs are an attempt by the administration to convince Denmark to reconsider its control of Greenland. European nations have shown little willingness to negotiate, prompting crypto and equities investors to adopt a more risk-averse stance. Read more