Crypto: Bitcoin Eyes $90k As Trump Sees Crypto Bill Signing 'very Soon'
Bitcoin joined stocks in a relief bounce as US President Donald Trump hinted at new legislation "very soon" and a doubling of the Dow Jones.
Bitcoin (BTC) sought a $90,000 reclaim around Wednesday’s Wall Street open as US President Donald Trump pledged to sign pro-crypto legislation.
Trump breathes modest gains into BTC price action with his World Economic Forum speech.
Pro-crypto legislation is back on the table in the US, but Japanese bond issues temper market enthusiasm.
Bitcoin setting new 2026 lows may be “good” in the long term, says analysis.
Data from TradingView showed daily BTC price gains reaching 1.7% as Trump took to the stage at the World Economic Forum in Davos, Switzerland.
“To unleash innovation and savings and financing I’m also working to ensure America remains the crypto capital of the world, and to that end I signed the landmark Genius Act into law,” Trump said.
Special Address by Donald J. Trump (@realDonaldTrump), President of the United States of America (@POTUS @whitehouse) with @borgebrende and Laurence D. Fink (@BlackRock) #WEF26 https://t.co/k0rVz5zK8J
Trump also said that he would not use force to take over Greenland, a topic that stock markets welcomed, with the S&P 500 up 0.5% at the time of writing.
“That stock market is going to be doubled,” he added about the Dow Jones Industrial Average.
Source: CoinTelegraph
