Following President Donald Trump's announcement that he would not impose tariffs, Bitcoin rebounded, recovering above $90,000 after dipping to $87,300. This surge erased most of a two-day selloff driven by trade-war fears tied to Trump's Greenland push. The announcement triggered a reversal in risk assets, with gold and silver prices declining as traders rotated back into risk assets. Bitcoin's intraday range stretched from $87,304 to $90,379, illustrating the swift sentiment change. The rebound forced $160 million in short liquidations in one hour, pushing total liquidations on Jan. 21 above $1 billion across long and short positions. The move wasn't isolated to crypto, equity futures rallied, Treasury yields stabilized, and gold and silver reversed their safe-haven bid.

Following President Donald Trump's announcement that he would not impose tariffs, Bitcoin rebounded, recovering above $90,000 after dipping to $87,300. This surge erased most of a two-day selloff driven by trade-war fears tied to Trump's Greenland push. The announcement triggered a reversal in risk assets, with gold and silver prices declining as traders rotated back into risk assets. Bitcoin's intraday range stretched from $87,304 to $90,379, illustrating the swift sentiment change. The rebound forced $160 million in short liquidations in one hour, pushing total liquidations on Jan. 21 above $1 billion across long and short positions. The move wasn't isolated to crypto, equity futures rallied, Treasury yields stabilized, and gold and silver reversed their safe-haven bid.