Markets rallied after US President Donald Trump called off tariffs on European allies on Wednesday following his speech at the World Economic Forum in Davos. However, the relief proved short-lived, suggesting that while levies and military action were ruled out, lingering concerns over a potential Greenland takeover and Fed intervention at home continued to weigh on investor sentiment. Global Markets Experience Short-Lived Relief Shortly after Trump walked back earlier promises to impose tariffs on eight European countries, Bitcoin reclaimed the $90,000 level. The move reflected investor relief amid signs of de-escalation following a volatile week
source: https://beincrypto.com/trump-eases-tariffs-markets-stay-cautious/