Trump Cancels Greenland Tariffs: Global Markets Approach Recovery

RunWhenCut · 2026-01-31T15:14:03+00:00

Trump's decision to remove tariffs has triggered a positive reaction in global markets, especially in cryptocurrencies like Bitcoin and Ethereum, which are showing signs of recovery. However, geopolitical uncertainties remain, keeping investors cautious.

RunWhenCut

2026-01-31 15:14:03

Abstract generation in progress

The decision by U.S. President Donald Trump to withdraw tariffs related to Greenland has generated an immediate positive response in global markets. This shift in trade policy has alleviated concerns about a potential trade war, allowing major digital assets to approach more competitive levels after days of volatility. According to market data updated as of January 31, 2026, the recovery is clearly reflected in the quotes of leading cryptocurrencies.

Tariff Removal Dispels Risk Aversion

Trump’s strategic move has had a cascading impact across multiple sectors. Fears of trade escalation, which had triggered massive defensive moves in stocks, commodities, and cryptocurrencies, are now dissipating. Market analysis indicates that this decision has enabled institutional and individual investors to reverse defensive positions and re-enter higher-risk assets. The geopolitical relief has been the catalyst for markets to abandon the caution that prevailed just hours ago.

Bitcoin and Ethereum Accelerate Their Advance After the Announcement

Cryptocurrencies lead the recovery with more solid quotes. Bitcoin is positioned at $81.46K, reflecting a correction from levels approaching $90,000 as mentioned in previous analyses. Meanwhile, Ethereum trades at $2.54K, consolidating after the turbulent period. Although current prices suggest more consolidation than acceleration, both coins maintain a stabilization trajectory that brings them closer to gradual recovery patterns. Transaction volume has shown sustained increases, indicating renewed institutional interest.

Caution Amid Persistent Geopolitical Uncertainties

Despite the immediate relief, investors remain cautious. Strategic negotiations regarding Greenland continue to be a subject of political discussion, maintaining a certain underlying uncertainty. Analysts warn that this recovery, although welcome, may be vulnerable to new announcements or shifts in Trump’s policy. Markets are approaching new bullish positions cautiously, prioritizing prudence over euphoria.

BTC-4.75%

ETH-10.21%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.