On Wednesday U.S. President Donald Trump said on Truth Social he would not move forward with tariffs tied to his Greenland effort after a meeting with Mark Rutte, and U.S. stocks rose. “We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region.”
The S&P 500 closed up 1.16% Wednesday following the announcement. The planned tariffs had targeted Denmark, Norway, Sweden, the United Kingdom, France, Germany, the Netherlands and Finland.
Crypto-linked stocks reacted unevenly; Michael Saylor’s Strategy (MSTR) rose 2.23% while Coinbase (COIN) slipped 0.35%, according to Google Finance. Mining names diverged, with Riot Platforms down 4.70% and Mara Holdings (MARA) up 1.83%.
Major cryptocurrencies edged higher, with Bitcoin (BTC) up 1.64% to about $90,010 and Ether up 3.03%, per CoinMarketCap. Detailed Bitcoin pricing is available on the CoinMarketCap Bitcoin page.
Despite price gains, the Crypto Fear & Greed Index fell to an “Extreme Fear” score of 20, down four points from Wednesday, per the Crypto Fear & Greed Index. Some analysts note tariffs are often blamed for declines, and sentiment platform Santiment said retail traders had previously pointed to tariff talk when markets fell.
