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
Crypto Price Prediction Today March 17: Bitcoin, XRP, Cardano
The middle of March has arrived, and the cryptocurrency market is showing some interesting moves after a weekend of steady trading. Bitcoin took a run at the $76,000 level, a price point that got many people’s attention, but it has since settled back into a familiar range around the mid $70,000
CaptainAltcoin18m ago
Willy Woo: Bitcoin Fundamentals Are Strong But Bottom Not Yet Formed, Warning Current Rally Could Be Bull Trap
Bitcoin analyst Willy Woo points out that Bitcoin's trend is strong, with prices poised to break through the mid-80,000 dollar level. The current rally is mainly driven by the futures market, and short-term capital inflows could trigger volatility. Woo warns that the bottom structure has not yet formed, liquidity indicates that the bear market is still continuing, and the rebound could be a "bull trap."
GateNews34m ago
A certain whale opened a $4.1 million BTC long position with 40x leverage, with a liquidation price of $73,463.
Gate News reports that on March 17, an address starting with 0xa95 opened a BTC long position with 40x leverage within the past hour, increasing the position to a total of $4.1 million, with an average entry price of $74,398, and a liquidation price of $73,463. Currently, this position has an unrealized loss of approximately $13,000, representing a 13% loss. Additionally, within the past 10 minutes, the address placed a market stop-loss order close to the liquidation price, with the stop-loss set at $73,468.
GateNews43m ago
Bhutan Government Transfers 21.52 BTC Worth $1.6M to QCP Capital and New Wallet
Gate News bot message, The Royal Government of Bhutan transferred a total of 21.52 BTC in recent transactions. According to on-chain data, 20.5 BTC valued at $1.52 million was sent to QCP Capital. Additionally, 1.02 BTC worth $75,900 was transferred to a newly created wallet address, with expectatio
GateNews45m ago
