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Bitcoin price today: stuck near $90,000 amid Greenland tensions
Bitcoin edged slightly higher on Thursday but faced resistance in its attempt to return to the $90,000 level, as signs of de-escalation in geopolitical tensions surrounding U.S. demands over Greenland provided only limited support to cryptocurrencies.
Cryptocurrency prices significantly lagged the rally in global equity markets, while technology stocks — which typically set the tone for crypto — also posted much stronger gains.
Bitcoin stood at $90,001.7 as of 06:19 GMT.
Bitcoin gets brief support from de-escalation between Trump and Greenland
Bitcoin surged sharply on Wednesday after U.S. President Donald Trump said he would not impose tariffs on Europe over his demands regarding Greenland, and that a framework agreement had also been reached on the issue.
However, the world’s largest cryptocurrency failed to sustain its gains and soon slipped back below $90,000. This came even as broader risk-oriented markets advanced and safe-haven assets such as gold fell sharply.
Cryptocurrency markets remained out of favor, particularly among retail investors, following a flash crash in late 2025 that dampened sentiment toward the sector.
Markets also increasingly feared potential selling pressure from crypto treasury companies, as prolonged weakness in Bitcoin prices could cause large treasuries to struggle to meet their debt obligations.
Disclosure of Strategy Inc’s (NASDAQ:MSTR) purchase of $2.13 billion worth of Bitcoin also had little impact on sentiment toward the coin this week.
Coinglass data showed that the world’s largest cryptocurrency continued to trade at a discount in U.S. markets.
A delay in passing a key U.S. cryptocurrency regulation bill earlier this month also weighed on sector sentiment.
BitGo raises $213 million in U.S. IPO
Crypto custody firm BitGo priced its U.S. initial public offering above the indicated range on Wednesday and raised $212.8 million from the offering.
The company raised funds at a valuation of nearly $2 billion, signaling that investor appetite for crypto-related stocks remained strong following a successful 2025.
BitGo’s offering and market debut on Thursday are expected to pave the way for other major crypto firms seeking to go public this year, with reports indicating that asset manager Grayscale and exchange Kraken are planning IPOs in 2026.
Crypto prices today: altcoins edge higher
Broader cryptocurrency prices rose on Thursday, although they pared most of their early gains.
Most altcoins have suffered losses in recent weeks. The world’s second-largest cryptocurrency, Ether, rose 1.3% to $3,018.71, while XRP gained about 2%.
Solana, Cardano, and BNB advanced between 1.4% and 2%.
Among meme coins, Dogecoin rose 1.3%, while $TRUMP slipped 0.2% after losing the key $5 support level earlier this week.
See also: "Whales Quietly Accumulate 210 Million ADA. How Will This Affect the Altcoin’s Price?"
