Global Markets Rebound as Trump Cancels Greenland Tariffs

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The cancellation of tariffs has sparked a market revival, boosting cryptocurrencies and equities. This shift may enhance investor optimism in a volatile economic landscape.

U.S. President Donald Trump's decision to cancel tariffs related to Greenland has led to a swift recovery in global markets. According to NS3.AI, this move has resulted in Bitcoin nearing $90,000 and Ethereum approaching $3,000. The announcement alleviated fears of a trade war, which had previously triggered risk-off moves in equities, cryptocurrencies, and gold. Despite the rebound, markets remain cautious as strategic discussions about Greenland continue, indicating some underlying geopolitical uncertainty.

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