Bitcoin has experienced another volatile day with significant price fluctuations in light of geopolitical tensions between the US and the EU. Currently, Bitcoin stabilizes around $90,000.
Most altcoins are also seeing gains, with Ethereum reaching $3,000 and XRP close to $2.00. Meanwhile, the proposed protocol, Canton, has jumped by 10% today.
Bitcoin Calms After a Rollercoaster
The fluctuating geopolitical climate has significantly affected Bitcoin’s price, which rose above $95,000 last week but saw a drop due to recent US tariffs on European nations linked to Greenland, a territory being sought by the US.
Denmark’s refusal to engage with the tariffs and ongoing negotiations have led to Bitcoin’s fall to below $88,000 before it rebounded to the current price around $90,000.
The total market capitalization for Bitcoin has stabilized at about $1.8 trillion, maintaining a dominance of 57.4% over the altcoin market.
BTCUSD Jan 22
Why is Canton (CC) Price Up Today?
Canton is experiencing a notable increase in popularity and trading volume, attributing to its share of mind on social platforms, standing at 45% per data from LunarCrush. Over the past month, Canton has appreciated over 70% in value and 13% just over this past week alone. Also making strides in the market are MYX and RAIN, witnessing gains of 10% and 13%, respectively.
As the crypto market as a whole increases about $100 billion since reaching a low yesterday, overall capitalization stands at approximately $3.135 trillion.
