Bitcoin slips amid geopolitical tensions despite growing crypto adoption

[mendez]

Bitcoin’s price fell nearly 10% from January highs as geopolitical uncertainty rattled global markets, reinforcing BTC’s reputation as a risk-on asset.

After briefly approaching $97,000, Bitcoin retreated amid investor concerns tied to US President Donald Trump’s comments about acquiring Greenland, which sparked broader market unease. Analysts noted that cryptocurrencies offered little shelter during the sell-off.

The pullback came despite continued signs of crypto adoption. A January PayPal report found that four in 10 US merchants now accept crypto payments, with 84% believing digital assets will become mainstream within five years. Still, analysts say short-term price action remains sensitive to macro and political shocks.

[johnblockbuster]

lol bitcoin flirting with 97k and then dumping over trump’s greenland comments… crypto really is still a risk-on playground