Bitcoin rebounds to $90,000 after Trump signals productive talks with NATO chief

Crypto markets moved higher on Wednesday after former President Donald Trump indicated progress in Greenland-related talks.

“Based upon a very productive meeting that I have had with the Secretary General of NATO, Mark Rutte, we have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region,” Trump said in a Truth Social post. He added that he would not impose previously threatened tariffs on EU nations set for Feb. 1.

Bitcoin, which had slipped to around $88,000 earlier in the session, briefly climbed above $90,000 following the announcement, pulled back near $87,000, and quickly reclaimed $90,000.

U.S. equities also rose, with the Nasdaq and S&P 500 each gaining about 1.3% to session highs. Precious metals gave up earlier gains, with gold flat at $4,770 per ounce after trade tensions eased.