Bitcoin jumps back above $90,000 after Trump adopts calmer tone on Greenland bid

Bitcoin rebounded toward $90,000 on Wednesday in U.S. trading as former President Donald Trump struck a calmer tone on Greenland during a keynote speech at the World Economic Forum in Davos.

Trump said the U.S. would seek negotiations to revisit the potential acquisition of Greenland, emphasizing that any move would not involve force or threaten NATO. “All I’m asking is a piece of ice,” he said, adding that discussions would be pursued diplomatically.

He also said an announcement on the next Federal Reserve chair would come “in the not too distant future,” while renewing criticism of current Chair Jerome Powell, whom he appointed during his first term. Trump described Powell as “always too late” in responding to economic conditions.

Bitcoin rose as much as 2.2% from intraday lows to briefly reclaim the $90,000 level, recovering from recent weakness. The rebound followed several days of declines across risk assets, including cryptocurrencies, as markets reacted to heightened concerns over potential U.S.–Europe trade tensions tied to Greenland. Trump had previously warned of possible tariffs on several European countries.

Gold, which had earlier touched a fresh record near $4,900, pulled back from highs as investor risk appetite improved.