On January 21, 2026 at the World Economic Forum in Davos, Switzerland, Donald Trump addressed tensions over Greenland, interest rates, and cryptocurrency rules. He ruled out military action over Greenland and urged Fed Chair Powell to cut interest rates next week, while saying the United States must remain the global hub for digital assets (he also said he hopes the legislation bill will be signed soon, as stated).
Markets reacted quickly, with BTC rising past $90,000 after earlier falling below $88,000. A market analyst linked the rally to tariff rhetoric and a pattern the analyst outlined in a 12-step playbook (Ed. note: analysts say step seven often precedes renewed selling), as shown in a tweet by the analyst that cited the playbook.
The analyst said dip buyers often spark brief relief rallies around the seventh step. They added that institutional buyers commonly re-enter between steps seven and eight.
Following the remarks, reports indicate the EU has paused work on a trade deal with the United States, citing the president’s comments, according to a news report (reports indicate).
