MYX and RAIN are the other big winners today.
Most altcoins are also in the green on a daily basis, with ETH at $3,000 and XRP near $2.00. CC is on the run again.
BTC calms down after a rollercoaster
It is safe to say that the rapidly developing and changing geopolitical tension has had an impact on the primary cryptocurrency in recent days. Just this weekend, the asset was trading confidently above $95,000 after jumping to $98,000 last Wednesday. However, the US president subsequently announced new tariffs on several EU countries due to their involvement in the Greenland saga, an island under the control of one of those countries.
They responded with an emergency meeting and threats about implementing a so-called “trade bazooka” before this week’s much-anticipated World Economic Forum in Davos, Switzerland. Yesterday, Trump gave a speech in which he continued to emphasize how important it was for the US to acquire Greenland.
However, he said the US will not use force to take control of the island. Minutes later, Denmark refused to join Trump’s Board of Piece, but the POTUS said the EU and US will begin negotiations on a Greenland deal, so he withdrew the tariffs.
With all these developments, BTC fell from the aforementioned peak of $95,000 to a low of less than $88,000 in 2026 before recovering to the current $90,000. The market cap is back to $1.8 trillion, while the dominance over alts is 57.4%.
Why did the Canton (CC) price increase today?
Canton is up a significant 10% at the time of writing this article, making it one of the best performing companies on the market today. This comes as data platform LunarCrush reports that the protocol is responsible for 45% of mindshare as discussions surrounding it continue to drive significant engagement on social media.
Canton’s price continued to rise by over 70% over the past 30 days and 13% in the past week alone, which is a notable performance considering the state of the overall cryptocurrency market during this period.
RAIN is the other big winner (13%), followed by MYX (10%). XMR and HYPE rose 5% to $510 and $22 respectively. ETH has touched $3,000, BNB has reached almost $900, while XRP is back near $2.00.
The total cryptocurrency market cap has recovered since yesterday’s low around $100 billion and has risen to $3.135 trillion on CG.
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