MYX and RAIN are also among today’s top performers.
Bitcoin went through another highly volatile 24 hours as rapid shifts in the geopolitical relationship between the United States and the European Union unsettled markets. The leading cryptocurrency has since stabilized and is now trading near the $90,000 level.
Altcoins are mostly posting daily gains as well. Ethereum briefly touched $3,000, XRP is approaching $2.00 again, and Canton is once more leading the rally.
Bitcoin Recovers After Sharp Swings
Escalating geopolitical tensions have weighed heavily on Bitcoin over the past several days. Over the weekend, BTC was trading comfortably above $95,000 after surging to nearly $98,000 last Wednesday. That momentum faded when the US president announced new tariffs on several EU countries linked to the Greenland situation, an island governed by one of those nations.
European leaders responded with an emergency meeting and warned of possible countermeasures, including what was described as a “trade bazooka,” ahead of this week’s World Economic Forum in Davos. On Monday, President Trump reiterated the strategic importance of Greenland during a public address, though he stated that the US would not use force to gain control.
Shortly afterward, Denmark declined to join Trump’s proposed peace initiative. Despite that, the US president later confirmed that negotiations between the EU and the US over Greenland would move forward, leading to the cancellation of the planned tariffs.
Amid these rapid developments, Bitcoin fell from its recent $95,000 high to a 2026 low below $88,000 before rebounding to its current level near $90,000. Its market capitalization has recovered to approximately $1.8 trillion, while its dominance over altcoins stands at 57.4 percent.
What Is Driving Canton’s Price Higher
Canton is up around 10 percent at the time of writing, placing it among the strongest performers in the market today. According to data from LunarCrush, the protocol currently accounts for 45 percent of overall mindshare, as online discussions continue to generate strong engagement across social platforms.
Over the past 30 days, Canton has gained more than 70 percent and is up 13 percent over the last week alone. This performance stands out given the broader weakness seen across the crypto market during the same period.
RAIN is another notable gainer with a 13 percent rise, followed by MYX, which is up 10 percent. Monero and HYPE have each climbed about 5 percent, trading near $510 and $22, respectively. Ethereum has reached $3,000, BNB is approaching $900, and XRP is once again nearing the $2.00 mark.
The total cryptocurrency market capitalization has rebounded by roughly $100 billion from yesterday’s lows and now stands at $3.135 trillion, according to CoinGecko.
