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Ahead of Trump’s Davos speech… Bitcoin falls below $89,000
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Summary
- Bitcoin (BTC) fell below $89,000, down 2.7% from the previous day and 6.49% from a week earlier.
- The market is watching U.S. President Donald Trump’s Davos Forum speech, with Bitcoin’s downtrend continuing ahead of the address.
- CoinDesk said Trump-related Greenland concerns and tariff threats are amplifying trade frictions, policy uncertainty, investor anxiety, and volatility, prompting reduced exposure to risk assets, and that Bitcoin also remains a highly volatile asset.
Ahead of U.S. President Donald Trump’s speech at the World Economic Forum (Davos Forum), the price of Bitcoin (BTC) fell below $89,000.
According to CoinMarketCap on the 21st, Bitcoin was trading at $88,704.19 as of 9:08 p.m., down 2.7% from the previous day. Compared with a week earlier, it was down 6.49%.
Bitcoin has extended its decline this week. On the 19th, it fell in a single day from the $95,000 range to the $92,000 range. The slide continued on the day, dropping to the $88,000 range.
The market is watching Trump’s Davos Forum speech. Trump is set to speak at the Davos Forum at 10:30 p.m. Korea time on the day on recent issues including the Greenland question. At a press conference at the White House the previous day (20th), Trump said of his plan to annex Greenland, “I think we’ll find a solution that makes NATO very happy and also makes us (the United States) very happy.”
In this regard, CoinDesk said, “Trump-driven concerns over Greenland and tariff threats raise the risks of trade frictions and policy uncertainty,” adding that “this fuels investor anxiety, increases volatility, and leads to reduced exposure to risk assets.” CoinDesk added that “Bitcoin, too, remains an asset that shows high volatility in such stress situations.”
