Bitaigen Research 
At the opening bell on Wall Street, as risk assets broadly recovered, Bitcoin also began to push toward the $90,000 milestone. At the same time, former President Donald Trump’s remarks at the World Economic Forum in Davos reignited market expectations for legislative reform of the U.S. crypto sector.
In this article we outline Bitcoin’s recent price movement and policy direction, analyse how Trump’s statements in Davos have injected confidence into the market, and assess the potential impact of U.S. crypto legislation progress on price. Reading on will help you grasp the investment logic for the next phase.
Key Takeaways
- Trump’s Davos speech added modest upside momentum to Bitcoin’s short‑term trajectory.
- U.S. crypto‑regulatory legislation has re‑entered the agenda, but turmoil in Japan’s bond market is dampening overall sentiment.
- Some analysts point out that after hitting a new 2026 low, Bitcoin could see a favourable rebound over the longer term.
Trump Promises to Sign Crypto Legislation Quickly
Data from TradingView show that on the day Trump delivered his speech at the Davos forum in Switzerland, Bitcoin rose 1.7%.
BTC/USD 1‑hour candlestick chart. Source: Cointelegraph/TradingView
In his remarks Trump said: “To unleash the potential of innovation, savings and financing, I am working to ensure the United States remains the world’s crypto hub. To that end, I have delivered the landmark Genius Act to Congress.”
“Congress is now actively advancing legislation related to crypto market structure—whether Bitcoin or other digital assets—and I look forward to signing the bill soon, opening a new path to financial freedom for the American people.”
U.S. President Donald J. Trump (@realDonaldTrump @POTUS @whitehouse) with Borg Brende and Lawrence D. Fink (@BlackRock) in a special address #WEF26 https://t.co/k0rVz5zK8J
— World Economic Forum (@wef) Jan 21 2026
He added that he would not use force to seize Greenland, a comment that was met with a positive reaction from equity markets; the S&P 500 rose 0.5% at that moment.
“The stock market could double,” Trump said when discussing the Dow Jones Industrial Average.
“Our target is to break 50,000 points, and this bull run could double in a relatively short period.”
Dow Jones Industrial Average 1‑hour K‑line chart. Source: Cointelegraph/TradingView
While Trump spoke, the market was also watching for possible trade retaliation from the European Union regarding Greenland affairs. Globally, Japan’s bond market resurfaced as a focal point, and its volatility has historically exerted a non‑trivial influence on crypto assets.
Japan’s Bond Crisis Heightens Market Uncertainty
QCP Capital wrote in its latest Asia Color market briefing: “After decades of zero‑interest rates, Japan’s 10‑year government bond yield has climbed to roughly 2.29%, a high not seen since 1999.”
The report further notes deep‑seated pressure on Japan’s fiscal structure: government debt now exceeds 240% of GDP, total liabilities stand at about ¥1,342 trillion, and by 2026 debt‑service costs are projected to consume roughly one‑quarter of fiscal outlays.
“As yields rise, the sustainability of Japan’s public finances is being openly questioned, spilling over into global bond markets and underscoring Japan’s role as a key volatility catalyst.”
Japanese government bond purchases. Source: The Kobeissi Letter/X
The market‑analysis firm The Kobeissi Letter warned on X that demand for Japanese government bonds is “collapsing.”
“The Japanese bond market crisis is deepening.”
Bitcoin Remains the “Magnet” for 2026 Opening Prices
Cointelegraph previously reported that after several swings in January, Bitcoin’s price has edged close to the level it opened at at the start of 2026.
This recent move filled the lower gap in the CME Group Bitcoin futures market, leaving only the upper gap unfilled and potentially providing support for a future rebound.
Trader CW wrote on X: “$BTC has a solid buying‑pressure wall, indicating a fairly robust support line.”
BTC/USDT daily chart. Source: CW/X
Daan Crypto Trades advises keeping a close eye on the local low and believes that if BTC/USD falls below the early‑2026 opening level again, it could be bullish for the subsequent market.
“$BTC almost retested this year’s opening price, and this time it actually broke below that level.
I still think this is a region worth watching. If a small lower shadow appears beneath the opening‑price line, it would confirm an effective break. We’ll then see how the next leg unfolds.”
— Daan Crypto Trades (@DaanCrypto) Jan 21 2026
In summary, Bitcoin appears set to challenge $90,000, and Trump has explicitly stated that the crypto bill will be signed “soon.” For deeper analysis of Bitcoin’s approach to $90,000 and Trump’s legislative push, follow Bitaigen (比特根) and its related coverage.
*Note: Crypto gains may be taxable in your jurisdiction. Users in the United States should use Binance.US for any fiat‑on‑ramp or off‑ramp services, while global users can use Binance or other platforms that support USD, SEPA, or SWIFT transfers.*
Related Reading
- Bitcoin Decline: Deleveraging, AI Pull‑Back, Quantum Risks
- Bitcoin Hacker Ilya Lichtenstein Freed Under Trump Act
- Bitcoin Near $75K Support: Short‑Term Risk & Rebound
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⚠️ Risk Disclaimer: Crypto prices are highly volatile. This is not investment advice.
