Analysis: Trump's Davos Speech May Set Market Tone, Bitcoin Maintains Fluctuations Below $90,000

Odaily News Bitcoin has seen a slight rebound from its overnight low but continues to trade within the $90,000 range. Analysis suggests that gold price movements indicate the US dollar's status as a reserve currency is "accelerating its decline," while Bitcoin's performance is "disappointing, still facing persistent selling pressure." Another factor contributing to increased volatility is US President Trump, who recently proposed that the US should control Greenland and issued new tariff threats against several European countries. This may make it "difficult to re-establish momentum" for Bitcoin. In an environment of cooling risk appetite, Bitcoin has not acted as a hedge but has been traded as a high-beta risk asset, showing high sensitivity to interest rates, geopolitics, and cross-market volatility. Trump's speech at Davos may set the tone for the market's next move. (CoinDesk)