Published & Updated: January 22, 2026 | Tapbit Macro & Policy Desk
Bitcoin reclaimed $90,000 and the broader crypto market surged in late January 2026 after President Trump announced a framework agreement on Greenland with NATO allies, leading to the immediate cancellation of the previously threatened February 1 tariffs on eight European nations (Denmark, Norway, Sweden, France, Germany, UK, Netherlands, Finland). The de-escalation removed a major geopolitical overhang that had triggered risk-off flows earlier in the month, sparking a classic risk-on rotation across equities, crypto, and other growth assets. This article breaks down the policy shift, immediate market reaction, technical structure, on-chain signals, and actionable ways Tapbit traders can position for the unfolding momentum.
Market Snapshot – Post-Tariff Cancellation Rally (Jan 22, 2026)
| Asset / Index | Current / High | 24h Change | 48h Change | Key Note |
|---|---|---|---|---|
| Bitcoin (BTC) | $90,073 – $90,866 (intraday high) | +3.1% | +5.4% | Reclaimed $90K psychological level |
| Ethereum (ETH) | $3,000 – $3,038 | +3.4% | +6.8% | Outperformed BTC on relative basis |
| Total Crypto Market Cap | ~$3.24T – $3.26T | +2.8% | +4.1% | Reversing earlier $3.21T low |
| Fear & Greed Index | 48–52 | Up from 24 (extreme fear) | — | Moving back toward neutral/greed |
| Gold (XAU/USD) | $4,680 – $4,700 | –0.8% to –1.2% | — | Safe-haven unwind |
| US Dollar Index (DXY) | ~99.20 | –0.6% | — | Reversing recent strength |
Trump’s Greenland Framework Deal – What Actually Changed
Key points from the January 21–22, 2026 announcement:
- Framework agreement reached with Denmark & Greenland authorities
- U.S. gains expanded strategic access (military, rare-earth minerals, Arctic routes) without full sovereignty transfer
- Immediate cancellation of the threatened 10% tariffs (previously set to escalate to 25% by June)
- Joint statement emphasizes “mutual security interests” and “economic cooperation”
- European leaders (especially Denmark) welcomed the de-escalation, removing immediate trade-war risk
Why the Tariff Cancellation Triggered a Risk-On Rally
The removal of the Greenland-linked tariff threat acted as a classic de-risking catalyst:
- Eliminated near-term US-EU trade conflict risk
- Reduced uncertainty around global supply chains & commodity flows
- Allowed capital to rotate back into growth & risk assets
- Lowered safe-haven demand (gold & DXY reversed)
- Improved sentiment for crypto as a high-beta risk asset
Technical Structure After the Rebound
Bitcoin (BTC) – Current ~$90,073–$90,866
- Reclaimed $90K psychological level → short-term bullish confirmation
- Support zone $88,800–$90,000 held strongly during fear phase
- Next resistance cluster: $92,500 (prior swing high) → $94,000–$95,000
- RSI (daily): ~54–58 → bullish territory, not yet overbought
- Funding rates: flipped back positive → longs paying shorts again
Ethereum (ETH) – Current ~$3,000–$3,038
- Reclaimed $3,000 psychological level
- Support: $2,900–$3,000 zone
- Resistance: $3,200–$3,300 (recent high cluster)
Tapbit Trading Strategies for the Post-Tariff Risk-On Phase
- Create your Tapbit account (0% maker fees)
- Deposit USDT via P2P or card
- Spot momentum: Accumulate BTC/ETH on pullbacks toward $89,500–$90,000 / $2,950–$3,000
- Futures continuation: Long BTC/USDT or ETH/USDT perpetuals on clean break above $91,650 / $3,100 (20–50x leverage, isolated margin)
- Risk-off hedge: Keep small short positions on higher-beta alts if new tariff headlines emerge
- Risk control: Max 1–2% account risk per trade; use isolated margin & trailing stops
Conclusion
The cancellation of Trump’s Greenland-linked 10% tariffs (previously set for February 1, 2026) removed a major geopolitical overhang and triggered a sharp risk-on rotation across markets, with Bitcoin reclaiming $90,000 and Ethereum showing relative strength (+3.4% vs BTC’s +3%). The de-escalation improves near-term sentiment, reduces safe-haven demand, and creates favorable conditions for continued upside in risk assets — provided no new shocks emerge.
Ready to trade the risk-on rotation on Tapbit?
- Sign Up on Tapbit (0% maker fees)
- Login & Deposit
- Live BTC, ETH & Crypto Prices
Disclaimer: This article is for informational purposes only and does not constitute investment or trading advice. Cryptocurrency markets are highly volatile and subject to geopolitical announcements, policy changes and macroeconomic shifts. Always conduct your own research (DYOR) and never invest more than you can afford to lose completely.
