Bitcoin stabilizes near $90K after Trump strikes calmer tone at Davos as metals hold highs
Bitcoin's stabilization amid geopolitical tensions highlights the ongoing volatility and investor preference for traditional safe havens.
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As we roll out the new site, markets are already giving readers plenty to digest. Bitcoin’s slide below $90K underscores how quickly sentiment has shifted as geopolitics regain control of the narrative. What looked like consolidation last week has turned into renewed downside pressure, with markets reacting to escalating US and European Union trade tensions.
That tone shifted on Wednesday after Donald Trump struck a calmer stance at Davos, easing rhetoric around Greenland. Bitcoin stabilized around $90K following the speech, offering the market a brief pause after days of volatility.
Elsewhere, the contrast is stark. Precious metals continue to surge as investors lean into familiar safe havens, while ETF flows show capital pulling away from digital assets. At the same time, institutional players like Galaxy Digital are positioning for what comes next, betting that volatility today does not derail the longer term crypto thesis.
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Bitcoin stabilizes near $90K after Trump eases tone at Davos as metals hit new highs
Bitcoin fell below $90,000 on Tuesday before stabilizing around the level following Donald Trump’s speech at Davos. Earlier losses extended a pullback from last week’s $95K peak as markets reacted to heightened US and European Union trade tensions and uncertainty tied to Greenland. Bitcoin dropped below $90K on Tuesday after falling from $95K to $92K on Monday as risk appetite faded. The tone improved on Wednesday after Trump adopted a more measured stance, easing concerns around NATO and helping Bitcoin regain footing near $90K.
Traditional markets showed early signs of stabilization on Wednesday, with S&P 500 up nearly 1% and the Nasdaq higher by about 0.5%. Precious metals have clearly led the trade. Gold surged to a new all time high near $4,850, while silver pushed past $95 before consolidating. The divergence highlights a market still favoring physical safe havens as Bitcoin’s digital gold narrative remains under pressure.
ETF outflows deepen as Galaxy Digital pushes hedge fund launch
US spot Bitcoin and Ethereum ETFs recorded combined net outflows of roughly $713 million on Tuesday. Bitcoin ETFs accounted for $483 million in outflows across eight funds, extending last Friday’s $395 million drawdown. Ethereum ETFs saw $230 million exit across six funds, snapping a five-day streak of inflows. Spot XRP ETFs also posted their largest single day outflow yet at $53 million, while Solana ETFs bucked the trend with modest inflows.
Despite near term pressure, Galaxy Digital is moving ahead with plans to launch a $100 million hedge fund in the first quarter. The fund plans to allocate up to 30% to crypto, with the rest invested in equities tied to financial services disruption. Fund head Joe Armao said the strategy is built for an environment where one way rallies may be fading, with opportunities emerging from regulatory and technological shifts across finance and digital assets.
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