Even as the Greenland situation is calming, virtual assets are broadly falling as funds pour out of Bitcoin and Ethereum exchange-traded funds (ETFs) following Trump's reversal of position.

As of 8:10 a.m. on the 23rd, on CoinMarketCap, a global coin price-tracking site, Bitcoin was down 0.75% from 24 hours earlier at $89,188. Earlier, Bitcoin fell to $88,438, breaking below $89,000. The previous day, Bitcoin had recovered to $90,000 after Trump reversed his view that he would not impose additional tariffs on Europe.

In the afternoon on July 23 in Seocho-gu, Gangnam-gu, Seoul, a coin price chart reflects on the floor where a Bitcoin model is placed at the Bithumb Lounge Gangnam Main Branch. 2025.7.23/Courtesy of News1 Jin-hwan Kim

Ethereum, the No. 2 by market cap, is trading down 2.41% at $2,943. Binance Coin, No. 4 by market cap, is down 0.29% at $885, and Ripple, No. 5 by market cap, is down 2.3% at $1.91.

Although the U.S. stock market is rising across the board as the Greenland situation stabilizes, major virtual assets are falling together, apparently because investors are pulling money due to Trump, who recently changed his stance on European tariffs. On the day, about $1 billion flowed out on a net basis from ETFs that track the spot prices of Bitcoin and Ethereum.

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