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Volatility returned as markets reacted to rising US EU tensions over Greenland. Both traditional markets and crypto sold off sharply, with the S&P 500 erasing its 2026 gains before rebounding. Bitcoin fell from $95K to $88K, then recovered to around $90K after more constructive comments from President Trump, who said a framework for a future deal had been discussed and signaled a step back from tariff threats.

Markets rallied as geopolitical uncertainty pushed gold and silver to new all time highs, with Bitcoin also catching a bid as a potential safe haven and inflation hedge, raising the question of whether BTC is finally behaving like digital gold. Bitcoin is trading around $97K, alongside record strength in precious metals.

Markets started the week with a brief rally, with Bitcoin pushing up to $94K, but the move quickly faded and BTC is now trading below $90K. Sentiment weakened further as U.S. spot Bitcoin ETFs recorded more than $486 million in outflows, signaling renewed caution from investors.

Markets continue to chop sideways, with Bitcoin ranging between $84K and $92K and Ethereum trading below $3K, reflecting a lack of conviction and thin liquidity.

Bitcoin rallied to $94K at the start of the week, but surprisingly slipped to $90K after the Federal Reserve announced a twenty five basis point rate cut. Ethereum pushed to $3430, failed to break monthly resistance, and is now trading near $3200.

Bitcoin recovered from its drop to $84K earlier this week after the Bank of Japan hinted at rate hikes and is now trading around $93K. Ethereum also bounced back, climbing to $3,200.

Bitcoin dropped below $90K and is now trading around $91.5K after spot Bitcoin ETFs returned to positive inflows following a five-day streak of $2.26B in net outflows. Ethereum fell below $3,000 but has recovered to slightly above the $3K mark. Following strong Nvidia earnings, a December Fed rate cut now looks unlikely, with Polymarket pricing a 76% chance of no change.

Bitcoin continues to consolidate between $100K and $104K, currently trading near $103K, while Ethereum holds around $3,500 in a choppy trading environment with low conviction and range-bound price action.