The post Bitcoin Price Rebound After President Donald Trump Announced a Deal on Greenland: Is It a Dead-cat-bounce? appeared first on Coinpedia Fintech News
Bitcoin (BTC) price has led the wider crypto market in a bullish outlook today. After previously erasing the new year gains, the flagship coin rebounded above $90k during the mid-North American trading session.
The total crypto market cap surged 1% to hover about $3.05 trillion at press time.
Bitcoin Rebounds on TACO Trade
![]()
The main reason why the crypto market rebounded on Wednesday was due to the trade deal announced between the United States and Europe. Bitcoin price rebounded after President Donald Trump announced a deal with respect to Greenland.
“We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region. This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st,” President Trump stated**.**
The Bitcoin price rebound was influenced by traders’ TACO (Trump Always Chickens Out) narrative. Moreover, similar narratives happened during the 2025 tariff wars.
What’s Next for BTC Price?
From a technical analysis standpoint, the flagship coin is not yet out of the woods even after today’s rebound. Moreover, Bitcoin price in the daily timeframe has been forming a bearish continuation flag, with a midterm target of about $80k.
As Coinpedia reported, Bitcoin price is in the last phase of the bearish outlook, with the cumulative strong fundamentals and the anticipated capital rotation from Gold likely to trigger a fresh bull rally in the near future.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Tests a $70K Level as Inflation Fears Surge
Bitcoin is grappling with a shift in momentum after failing to sustain a rally above $76,000, slipping back under $70,000 as crude oil prices rise and inflation concerns roil risk markets. The move underscores how macro forces—oil, policy expectations, and stock weakness—continue to shape the
CryptoBreakingJust Now
Strategy CEO: Morgan Stanley's 2% Bitcoin ETF allocation would bring $160 billion in capital inflows
Morgan Stanley's wealth management assets under management are approximately $8 trillion. The firm recommends a Bitcoin allocation of 0-4%. If allocated at 2%, this would bring $160 billion in capital inflows. Morgan Stanley has also submitted an amended filing for a Bitcoin spot ETF called "Morgan Stanley Bitcoin Trust" and has raised $1 million in seed funding.
GateNews18m ago
While the world watches oil prices, an important cash buffer of the Fed has been depleted
The macro risk of Bitcoin is rooted in the nearly depleted liquidity buffer within the financial system rather than oil price fluctuations. With the Fed's reverse repo mechanism losing effectiveness, Bitcoin's reliance on macro liquidity increases, raising concerns about potential market shocks and their impact.
TapChiBitcoin34m ago
Galaxy Digital Transfers Out 700 BTC Again, Recent Cumulative Transfer Exceeds 2000
Gate News reports that on March 21, Galaxy Digital transferred out 700 BTC again. Previously, the institution had transferred over 1,346 BTC within hours on March 17. The cumulative outflow in recent days has exceeded 2,000 BTC.
GateNews1h ago
