Bitcoin traded flat at $90,001 on Thursday, failing to hold gains from a geopolitical deescalation. President Trump's announcement of a framework deal over Greenland eased trade tensions, but the leading cryptocurrency found resistance retaking the key $90,000 level, lagging a broader stock market rally.

Crypto prices remain out of favor with retail investors after last year's flash crash. Market participants also fear selling pressure from crypto treasury companies like Strategy Inc., which disclosed a $2.13 billion Bitcoin purchase this week. A delayed U.S. regulatory bill has further dampened sector sentiment.

Meanwhile, BitGo priced its U.S. IPO at $212.8 million, valuing the custody firm near $2 billion. This strong debut suggests investor appetite for crypto-linked equities remains healthy after a bumper 2025, potentially paving the way for other firms like Grayscale and Kraken to go public.