TL;DR
- BTC stabilized near $90,000 after a 24-hour swing driven by US-EU signals, following a new 2026 low under $88,000 into Thursday’s session.
- Geopolitical headlines included a tariff announcement tied to Greenland, EU “trade bazooka” talk, and a later reversal as negotiations were discussed and tariffs were cancelled.
- Canton (CC) rose about 10% as LunarCrush cited 45% mindshare; RAIN and MYX led gains, while ETH touched $3,000 and XRP neared $2.00.
Bitcoin steadied around $90,000 after a volatile 24-hour stretch tied to fast-moving US-EU geopolitics, while risk appetite rotated back into select altcoins. The market’s key message is that macro headlines can still whip crypto, but positioning snaps back quickly once policy signals soften. Ethereum briefly tapped $3,000 and XRP hovered near $1.95 as broad benchmarks turned green on the day. Beyond majors, Canton (CC) drew attention with a fresh double-digit move, reinforcing that micro narratives can outperform even when traders are watching headlines. The reset followed a drop to a new low.
US-EU headlines drove the tape as risk rebounded
Over the past several days, the shifting geopolitical tone between Washington and Brussels has acted as a catalyst for BTC’s swings. Just over the weekend, BTC traded above $95,000 after jumping to $98,000 last Wednesday. The narrative pivoted when the US president announced new tariffs on multiple EU countries tied to the Greenland saga, instantly repricing risk. EU officials held an emergency meeting and floated a “trade bazooka” ahead of the World Economic Forum in Davos. In a speech, the president reiterated the goal of acquiring Greenland, while saying the US would not use force.
Markets whipsawed again when the president said negotiations would begin on a Greenland deal, prompting the cancellation of the tariff plan. Denmark, however, refused to join what the report described as the president’s “Board of Piece,” adding another twist. BTC’s tape reflected that uncertainty, sliding from the $95,000 area to a 2026 low under $88,000 before recovering toward $90,000. As calm returned, BTC’s market capitalization rebounded to about $1.8 trillion and dominance over altcoins stood at 57.4%. The total crypto market cap recovered roughly $100 billion from the prior day’s low to $3.135 trillion overall.
Against that macro backdrop, the session’s cleanest momentum signal came from smaller names rather than the majors. Canton (CC) was up about 10%, with LunarCrush saying the protocol captured 45% of “mindshare” as social chatter drove engagement. The token remained more than 70% higher over 30 days and 13% up over the past week, a standout run during broader consolidation. RAIN gained 13% and MYX rose 10%, while XMR and HYPE climbed 5% to $510 and $22. ETH touched $3,000, BNB neared $900, and XRP returned close to $2.00. For traders, it underscored selective rotation.
