The post Bitcoin Price Rebound After President Donald Trump Announced a Deal on Greenland: Is It a Dead-cat-bounce? appeared first on Coinpedia Fintech News
Bitcoin (BTC) price has led the wider crypto market in a bullish outlook today. After previously erasing the new year gains, the flagship coin rebounded above $90k during the mid-North American trading session.
The total crypto market cap surged 1% to hover about $3.05 trillion at press time.
Bitcoin Rebounds on TACO Trade
![]()
The main reason why the crypto market rebounded on Wednesday was due to the trade deal announced between the United States and Europe. Bitcoin price rebounded after President Donald Trump announced a deal with respect to Greenland.
“We have formed the framework of a future deal with respect to Greenland and, in fact, the entire Arctic Region. This solution, if consummated, will be a great one for the United States of America, and all NATO Nations. Based upon this understanding, I will not be imposing the Tariffs that were scheduled to go into effect on February 1st,” President Trump stated**.**
The Bitcoin price rebound was influenced by traders’ TACO (Trump Always Chickens Out) narrative. Moreover, similar narratives happened during the 2025 tariff wars.
What’s Next for BTC Price?
From a technical analysis standpoint, the flagship coin is not yet out of the woods even after today’s rebound. Moreover, Bitcoin price in the daily timeframe has been forming a bearish continuation flag, with a midterm target of about $80k.
As Coinpedia reported, Bitcoin price is in the last phase of the bearish outlook, with the cumulative strong fundamentals and the anticipated capital rotation from Gold likely to trigger a fresh bull rally in the near future.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Over the past 24 hours, the entire network liquidated a total of $313 million, with short liquidations accounting for 86.6%.
According to CoinGlass data, on April 6, the total liquidation amount across the cryptocurrency market within 24 hours reached $313 million. Long positions totaled $41.9598 million, while short positions totaled $271 million, accounting for 86.6%. BTC and ETH liquidations were $158 million and $81.3885 million, respectively, for a total of 81,920 people being liquidated. The largest single liquidation was $4.1193 million on the Hyperliquid BTC-USD trading pair.
GateNews32m ago
3 Promising Cryptos to Watch Besides Bitcoin
Ethereum enables smart contracts and open financial access for global users.
Solana offers fast transactions and low fees for scalable decentralized applications.
Ripple supports fast, low-cost payments through an efficient consensus system.
Bitcoin often dominates headlines, but other c
CryptoNewsLand42m ago
Robert Kiyosaki recommends Bitcoin, gold as 1974 shift comes full circle
“Rich Dad Poor Dad” author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks.
In a Saturday post on X, Kiyosaki pointed to 1974 as a
Cointelegraph2h ago
Empery Digital sold 370 BTC last week, bringing its total holdings down to 2,989 BTC
Bitcoin treasury firm Empery Digital sold 370 bitcoins last week at an average price of $66,632 per coin, generating about $24.7 million in revenue. Its holdings fell to 2,989 bitcoins. At the same time, the company has repurchased about $142 million worth of shares and plans to continue reducing its bitcoin position to support future share buybacks and repayment of its debt.
GateNews2h ago
