January 22, 2026, after President Trump canceled tariffs on the European Union and announced the Greenland agreement framework, gold and silver prices retreated after reaching record highs recently. The decline in traditional safe-haven assets may prompt funds to shift into higher-risk assets such as cryptocurrencies. Meanwhile, the Federal Reserve began injecting liquidity, with $8.3 billion of the planned $55 billion being injected, which has historically been a catalyst for cryptocurrency rallies. Bitcoin briefly fell to $87,000 but then rebounded to $89,000. However, ongoing geopolitical tensions and macroeconomic uncertainties, including the Federal Reserve not yet announcing a rate cut in 2026, suggest that the cryptocurrency market may remain fragile in the short term and could consolidate sideways.