Yesterday, I observed an interesting cyclical move in the market during the Asian session. Bitcoin fell below $88 thousand, then quickly rebounded to $90 thousand after Trump eased his rhetoric on tariffs for Greenland in В Давосі. Such a cyclical move showed how much cryptocurrencies depend on macro news.

This sharp cyclical move lasted only a few hours—first panic due to trade threats, then relief after the president’s statement. Ether fell below $3 thousand, then recovered to $3,020. Solana, XRP, Cardano, and Dogecoin went through the same cycle: a drop and partial recovery. This didn’t look like a rally returning; rather, it looked like stabilization after a shock.

What’s interesting is that it all started with Japanese bonds—earlier in the week, their sell-off sparked a global wave of risk aversion. When officials calmed the bond markets, cryptocurrency got a breather. US stock futures rose, gold stabilized, and digital assets began to recover.

Now the question is whether Bitcoin will hold above $90 thousand, or whether this cyclical move was just a temporary easing. Recent days have shown that global politics and bond markets still drive crypto swings. When investors look for capital protection, Bitcoin trades as a speculative position rather than an alternative asset. We’ll keep an eye on how this develops.