Bitcoin Recovers to $89,000 After Trump Removes Greenland Tariffs [Decenter Market Report]

Bitcoin (BTC) has recovered the $89,000 level. This is due to the easing of risk aversion in global financial markets following US President Donald Trump's decision to withdraw previously threatened tariffs against the European Union (EU).

According to CoinMarketCap, a global cryptocurrency market monitoring site, at 8:00 AM on the 22nd, BTC rose 1.56% from the previous day to $89,808.70. At one point early that morning, it fell to the $87,000 range, but subsequently rebounded.



Ethereum (ETH) is trading at $3,010.50, up 2.17%. BNB is down 0.37% at $887.18, XRP is up 4.23% at $1.967, and Solana is up 3.66% at $130.68.

The domestic market is mixed. At the same time, BTC was trading at 133,036,000 won on Bithumb, down 0.09% from the previous day. ETH was up 0.93% at 4,464,000 won, XRP was up 1.18% at 2,913 won, and SOL was up 0.73% at 193,600 won.

President Trump announced on his TruthSocial account on the 21st (local time), "As a result of a very productive meeting with NATO Secretary General Mark Rutte, we have laid out the framework for a future agreement on Greenland and the entire Arctic region." He also withdrew plans to impose tariffs on eight European countries, which were scheduled to take effect on February 1st.

As expectations of a easing in trade tensions spread, buying pressure flowed into risky assets across the board. U.S. stock markets also showed strength, with the Nasdaq and S&P 500 indexes rising 1.18% and 1.16%, respectively. Market analysts believe President Trump's tariff policy remarks are a key factor driving short-term cryptocurrency volatility.

The fear and greed index from cryptocurrency data analysis firm Alternative.me fell 8 points from the previous day to 24, indicating a state of "extreme fear." A reading closer to 0 indicates a weakening of investor sentiment, while a reading closer to 100 indicates overheated markets.

Reporter Do Ye-ri