After weeks or days of ugly positioning, last night delivered something we were hoping for. A relief. A preferable geopolitical situation flipped the script, sending U.S. stocks sprinting while cooling an overheated gold rally and giving the green light to long-awaited Bitcoin and crypto. Or is it a green light?
Yes, all three arrived early this morning. Bitcoin’s rally was bid over, U.S. stocks ripped, and gold politely pulled back a bit.
Trump’s Davos speech did most of that pressure. By ruling out force on Greenland and instead proposing a NATO-based framework, he ended a geopolitical fear. Trump has also stepped up efforts to make the United States the global hub for digital assets and to accelerate the passage of crypto legislation.
But that’s not all: customs duties are also eliminated, at least for the moment.
The Case for the Crypto Bull Run: Will Bitcoin Rally After US Stocks?
Between praising American economic dominance and confusing Greenland with “Iceland,” Trump has leaned toward optimism. The declines were “minor,” markets were going to “double,” and America was open for business.
Was it effective?
Bitcoin surged as high as $90,000, Ethereum topped $3,000, and sentiment went from cautious to neutral in a matter of hours. Liquidations reached $606 million, split almost equally between long and short positions, as crypto loves to punish everyone equally this cycle.
(source – coin mechanism)
Behind the scenes, the CFTC has been rolling out its “Future-Proof” plan, pushing Congress to finally modernize the rules on digital assets. Trump’s AI and crypto czar has floated the idea that banks and stablecoins play better together. Even the American Bankers Association has stepped up, nervously raising red flags about yields. I think Brian Armstrong has a strong argument here.
JUST IN:
Coinbase CEO Brian Armstrong denounces the French Central Bank Governor’s misunderstanding of Bitcoin.
"Bitcoin is a decentralized protocol… Bitcoin is more independent." pic.twitter.com/k7WNsBrgAP
– Watcher.Guru (@WatcherGuru) January 21, 2026
Coinbase CEO Brian Armstrong denounces the French Central Bank Governor’s misunderstanding of Bitcoin.Meanwhile, U.S. stocks did what U.S. stocks do when no apocalypse is planned. The Dow jumped 588 points, the S&P 500 gained 1.16% and the Nasdaq added 1.18%, erasing more than half of recent losses in a single session.
Supply chains breathed easier, multinationals captured a supply, and risk assets across the board followed stocks higher. Bitcoin is seeing its rally, as the bottom may already be embedded. We can just hope that crypto joins the US equities sprint.
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Gold and maybe some random important news
The gold rally, which had made it seem like World War III was truly imminent, finally began to consolidate. Its price was assessed at $4,891 per ounce before sliding to around $4,772 as uncertainty eased. Silver did the same, pulling back after hitting $95. Gold enthusiasts have taken profits, volatility has subsided, and crypto may finally have its moment as capital deployment turns.
– Coinbureau (@coinbureau) January 22, 2026
BREAKING: GOLD AND SILVER DEPOSIT AFTER TRUMP CANCELS EU TARIFFS Moving on to other news, Iran has reportedly stored over $500 million in Tether USDT to protect its currency, reminding us of the importance of stablecoins. BlackRock, on the other hand, doubled down on crypto and tokenization as long-term drivers, while Solana dominated DEX volumes with a stable price and XRP recorded poor outflow numbers.
The title is now “no war”, no World War III yet. US stocks are on course. Gold’s rally calms down as we wait for Bitcoin.
“Bitcoin is a decentralized protocol. There are actually no issuers. So in the sense that central banks are independent, Bitcoin is even more independent. There is no country, company or individual controlling it in the world.” – Brian Armstrong in Davos
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The Crypto Market News post today, January 22: No war? Gold Consolidates, US Stocks Soar, and the Bitcoin Rally May Finally Begin appeared first on 99Bitcoins.
