Trump Cancels Greenland Tariff, Boosting U.S. Stocks and Bitcoin

Phyrex posted on X. U.S. President Donald Trump announced on TruthSocial that the planned Greenland tariff, set to be implemented on February 1, will not proceed. This decision appears to have brought an end to the much-discussed trade tensions between Europe and the United States. Following the announcement, both U.S. stock markets and Bitcoin experienced a rapid rebound, underscoring the correlation between Bitcoin and U.S. stocks, particularly technology stocks. Currently, U.S. stocks have fully recovered from Tuesday's decline. Although Bitcoin's rebound has not been as strong as that of the stock market, it is approaching $90,000. It is anticipated that Bitcoin could surpass $90,000 during the Asian trading hours tomorrow. In a personal investment move, I purchased one Bitcoin at $90,000, deviating from my usual strategy of buying without selling. This Bitcoin is intended for short-term trading as an experiment. I am prepared for potential losses, planning to hold if prices drop and considering short-term trades if prices rise. This is a trial approach to my investment strategy.