Greenland Crisis and JGB Yields Spike Shocked Risk Sentiment, but Crypto’s Not Panicking

Geopolitical tensions have impacted risk sentiment in crypto markets over the past week.

A reawakening of tariff tensions between Europe and the US, this time over the acquisition of Greenland – as well as what Treasury Secretary Scott Bessent referred to as a “six standard deviation” move in Japanese government bond (JGB) markets – has seen BTC fall from $97K to as low as $87K, while ETH fell from around $3,300 to around $2,800, but has recovered slightly for now back to the $3K psychological level at the time of writing.