Canton (CC) Surges in Double Digits as BTC Settles After Turbulent Moves: Market Watch

Bitcoin’s price went through another volatile 24-hour trading period due to the fast changes in the geopolitical atmosphere between the US and the EU, but it has calmed now, around $90,000. Most altcoins are in the green on a daily scale as well, with ETH touching $3,000, and XRP nearing $2.00. CC is on the run again. BTC Calms After a Rollercoaster It’s safe to say that the quickly developing and changing geopolitical tension has impacted the primary cryptocurrency in the past several days. Just over the weekend, the asset traded confidently above $95,000 after jumping to $98,000 last Wednesday. However, the US President then announced new tariffs on multiple EU counties for their involvement in the Greenland saga, an island which is under the control of one of those nations. They responded with an emergency meeting and threats about implementing a so-called “trade bazooka” before this week’s highly anticipated World Economic Forum at Davos, Switzerland. Yesterday, Trump had a speech in which he continued to emphasize how important it was for the US to acquire Greenland. However, he said the US won’t 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 the US will begin negotiations on a Greenland deal, which is why he cancelled the tariffs. With all of these developments, BTC dumped from the aforementioned $95,000 peak to a 2026 low of under $88,000 before it recovered to the current $90,000. Its market cap is back to $1.8 trillion, while its dominance over the alts is at 57.4%. BTCUSD Jan 22. Source: TradingView Why is the Canton (CC) Price Up Today? Canton is up by a considerable 10% at the time of this writing, making it one of the best performers in the market today. This comes as data platform LunarCrush reports that the protocol accounts for 45% of mindshare, as discussions around it continue to drive considerable engagement across social media. Canton’s price remains up by more than 70% for the past 30 days and 13% in the last week alone, which is a standout performance given the state of the overall cryptocurrency market during this period. RAIN is the other big gainer (13%), followed by MYX (10%). XMR and HYPE have jumped by 5% to $510 and $22, respectively. ETH has tapped $3,000, BNB has neared $900, while XRP is close to $2.00 again. The total crypto market cap has recovered around $100 billion since yesterday’s low and is up to $3.135 trillion on CG. Cryptocurrency Market Overview Jan 22. Source: QuantifyCrypto The post Canton (CC) Surges in Double Digits as BTC Settles After Turbulent Moves: Market Watch appeared first on CryptoPotato .