Altcoins Rebound Amid Global Market Rally

On January 22, altcoins experienced a significant recovery as global markets rallied following the resolution of a transatlantic crisis that had threatened Western economies. The combined market capitalization of altcoins surged nearly 10 from a low of 1.25 trillion to an intraday high of 1.39 trillion before settling at 1.32 trillion.
Leading the recovery was Ethereum ETH , which rose above 2,965 with a 0.5 gain over 24 hours. Despite a brief dip below 2,900 during President Donald Trump s address at the World Economic Forum in Davos, his remarks ultimately reassured markets. Trump ruled out using force to seize Greenland, which helped stabilize investor sentiment.
BNB, the third-largest altcoin, followed a similar pattern. After dropping to 866, it rebounded to 895 before consolidating around 884. This maintained its market capitalization just under 121 billion. XRP also showed resilience, bouncing back 1.3 to 1.92 after hitting a low of 1.88.
Other major altcoins such as DOGE, SOL, TRX, and ADA recorded modest gains between 1 and 2 . By 10 a.m. EST on January 22, the total market capitalization of altcoins had increased by 5 over the past 24 hours, reaching approximately 1.32 trillion.
In summary, the rebound in altcoin values was driven by a rally in global markets following the easing of economic fears related to geopolitical tensions. While Ethereum led the charge, other major altcoins also showed signs of recovery despite ongoing volatility.