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.