Donald Trump called off Feb 1st tariffs, teasing progress being made on the Greenland deal.Donald Trump called off Feb 1st tariffs, teasing progress being made on the Greenland deal.

Trump Cancels Greenland Tariffs, Bitcoin Volatility Spikes

It’s been nothing but volatile throughout the past few hours as Donald Trump’s comments shake markets across the board.

In a new twist, the President of the United States has now called off the tariffs that he imposed on several European countries regarding Greenland.

In a statement on Truth Social, he said:

The markets reacted positively to the news after having plunged beforehand. In the past few hours, Bitcoin’s price recovered to around $90K, only to plummet to $87K, then back to $ 90 K at the time of this writing.

This has resulted in a massive spike in liquidated positions, which are currently standing at $1 billion, up 40% in the past 24 hours.

The post Trump Cancels Greenland Tariffs, Bitcoin Volatility Spikes appeared first on CryptoPotato.

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