{"id":40431,"date":"2026-01-23T15:37:49","date_gmt":"2026-01-23T15:37:49","guid":{"rendered":"https:\/\/financialrush.com\/?p=40431"},"modified":"2026-01-23T15:37:49","modified_gmt":"2026-01-23T15:37:49","slug":"bitcoin-price-loses-90k-support-despite-trumps-softer-greenland-stance-weekly-crypto-recap","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40431","title":{"rendered":"Bitcoin Price Loses $90K Support Despite Trump\u2019s Softer Greenland Stance: Weekly Crypto Recap"},"content":{"rendered":"

\n<\/p>\n

It has been another highly eventful week for global politics and also very volatile for the cryptocurrency market, which tends to feel the impact the most.<\/p>\n

It began last weekend. After eight EU countries sent troops to Greenland for a claimed reconnaissance mission following Trump\u2019s continuous remarks that the US needs to annex the island, the POTUS threatened to impose<\/a> a new set of 10% tariffs against those nations as of February 1 if they don\u2019t back down and allow a deal to be made.<\/p>\n

The EU scheduled<\/a> an emergency meeting, and some reports even claimed that the bloc would use a \u201ctrade bazooka\u201d that had never been employed before. The situation continued to escalate in the following days, which only harmed BTC\u2019s price. The asset traded above $95,000 during the weekend and remained calm at first.<\/p>\n

However, once Asian and futures markets opened on Monday morning, it quickly broke down<\/a> to $92,000 and then under $90,000. It dipped below $88,000 on Wednesday morning before\u00a0rallying to $90,300 after Trump\u00a0said<\/a> during his Davos speech that he wouldn\u2019t<\/span>\u00a0use force to take over Greenland.<\/p>\n

Although that was a fake-out as it quickly dumped to a multi-week low of $87,200, the violent swings continued with another challenge at $90,000. This time, it came after Trump canceled<\/a> the tariffs against the EU after hinting at reaching a potential deal. As of press time, there are no actual details about the said deal.<\/p>\n

Bitcoin has failed to recapture the $90,000 level and now sits around a grand lower. This means a substantial 6.5% weekly decline, which is relatively modest compared to some alts. ETH, SOL, and LINK are down by 11%, SUI and HYPE have dropped by around 15% each, while XMR has plunged by almost 30%. In contrast, CC, PAXG, and RAIN are well in the green.<\/p>\n

Market Data<\/h2>\n
<\/a>
Cryptocurrency Market Overview Weekly Jan 23. Source: QuantifyCrypto<\/figcaption><\/figure>\n

Market Cap: $3.1T | 24H Vol: $110B | BTC Dominance: 57.5%<\/p>\n

BTC: $89,200 (-6.5%) | ETH: $2,930 (-11.3%) | XRP: $1.91 (-7.1%)<\/p>\n

This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n

Bitcoin Stumbles, Gold Shines as Trump Agrees to Davos Meeting<\/strong>. In times when BTC\u2019s price struggles, gold has skyrocketed<\/a> to consecutive all-time highs. The latest peak came earlier today when the precious metal neared $5,000\/oz for the first time ever.<\/p>\n

XRP ETFs See Biggest Outflows to Date as Ripple Price Dumps Again<\/strong>. The first trading day of the week in the US (Tuesday) led to a massive investor exodus from the spot XRP ETFs. The financial vehicles recorded<\/a> their worst single-day performance, with more than $50 million leaving the funds on January 20.<\/p>\n

One Year of \u2018Crypto President\u2019: Bitcoin Down 15%, Altcoins Crushed 70-90%<\/strong>. This week also marked the 1-year anniversary of Donald Trump\u2019s second inauguration. In this article, we reviewed<\/a> the performance of many cryptocurrencies during his reign, which is somewhat surprising given that he kept calling himself the \u201ccrypto president.\u201d<\/p>\n

Ethereum\u2019s Vitalik Buterin Says He\u2019s Leaving Centralized Social Media Behind in 2026<\/strong>. Ethereum\u2019s Buterin said<\/a> he plans to return entirely to fully decentralized social media in 2026, as all his posts published this year have been made public through Firefly \u2013 a multi-client platform supporting reading across X, Lens, Farcaster, and Bluesky.<\/p>\n

Saylor\u2019s Strategy Buys Over $2 Billion Worth of BTC Despite Growing Geopolitical Tension<\/strong>. Despite the growing political tension and the underwhelming price movements, Strategy\u2019s Saylor continues to accumulate BTC. In its latest purchase announced<\/a> on Tuesday, the company said it acquired a whopping 22,305 BTC for over $2.1 billion.<\/p>\n

Bitcoin Beats S&P 500 Since ETF Launch, Analyst Rebuts Peter Schiff<\/strong>. Staying true to his colors, Peter Schiff blasted BTC yet again, claiming that the cryptocurrency is the worst-performing asset on Wall Street. However, Nate Geraci proved him wrong<\/a>, showing that bitcoin had gained over 90% since the ETFs debuted two years ago.<\/p>\n

The post Bitcoin Price Loses $90K Support Despite Trump\u2019s Softer Greenland Stance: Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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