Bitcoin surged past $90,000 following President Trump's announcement of a "very productive meeting" with NATO Secretary General Mark Rutte. The meeting focused on a potential deal concerning Greenland and the Arctic Region, leading Trump to retract his earlier tariff threats against EU trading partners. This development spurred a rally in crypto markets, with Bitcoin recovering from earlier lows of $88,000 to $90,232.89.
The broader financial markets also reacted positively, with U.S. stocks reaching session highs. The Nasdaq and S&P 500 both climbed 1.3%, while precious metals, which had been gaining due to trade tensions, saw their prices stabilize. Gold returned to flat for the session at $4,770 per ounce.
Bitcoin Surges Above $90,000 as Trump Halts Tariff Threats After NATO Meeting
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