Overview
- Trump said the United States would pause tariffs that were set to begin on Feb. 1 after what he called a productive meeting with NATO Secretary General Mark Rutte.
- Bitcoin recovered from earlier weakness as risk sentiment improved, with altcoins recording stronger percentage gains in a broad market rally.
- The shift followed days of risk-off trading after the Jan. 17 threat to levy 10% tariffs on eight European allies, rising to 25% on June 1, which saw Bitcoin fall nearly 7%.
- Prediction market Polymarket continued to assign low odds to a U.S. Greenland acquisition, with contracts near 20% by end-2026 and 30% by Mar. 31.
- Analysts said crypto’s short-term moves reflect sensitivity to macro headlines, while longer-term Bitcoin performance depends more on monetary policy, inflation and institutional demand, with some warning of weak sustained buying.