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
Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents
Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks.
NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration.
Brave has added NEAR Intents to it
CryptoNewsFlash1h ago
Whales holding between 10 and 10,000 BTC increased their holdings, accounting for 68.17% of the total supply.
Santiment report shows that investors holding 10 to 10,000 bitcoins have increased, now controlling 68.17% of the supply. Bitcoin is performing strongly relative to the S&P 500, showing signs of a positive reversal. The S&P 500 has declined 2.2%, while Bitcoin has risen 2.4%.
GateNews1h ago
Bitdeer produced and sold 158.8 BTC this week, maintaining zero holdings
Gate News reported that on March 15, Nasdaq-listed mining company Bitdeer released its latest Bitcoin holdings data on X platform. As of the week of March 13, the company's Bitcoin holdings remained at zero. Data shows that Bitdeer mined 158.8 BTC this week and sold 158.8 BTC in the same period.
GateNews2h ago
Whale Closes Out $84 Million BTC and ETH Long Positions, Shifts to Spot Accumulation of 12,027 ETH
Gate News Update: On March 15, according to Ember monitoring, a whale that previously opened long positions worth $84 million in BTC and ETH on Hyperliquid on March 9 has closed its positions and instead purchased ETH spot on the platform. The whale address spent $24.87 million to purchase 12,027 ETH spot, with an average buying price of $2,068.
GateNews2h ago
