The total crypto market cap (TOTAL) and Bitcoin (BTC) noted slight declines over the last 24 hours as the broader market stabilized. Pi Network (PI) took a major hit among altcoins as it fell by 12% today.
In the news today:-
- Grayscale Research’s new “Top 20” list for promising altcoins in Q3 2025 removes Lido DAO (LDAO) and Optimism (OP), adding Avalanche (AVAX) and MORPHO. The changes reflect shifts in market sector performance and company-specific factors, with both AVAX and OP being smart contract protocols.
- Aqua 1, a UAE-based Web3 investment fund, has committed $100 million to WLFI tokens, partnering with World Liberty Financial to expand its blockchain ecosystem. While details remain scarce, both firms plan to support BlackRock, a firm specializing in real-world asset (RWA) tokenization.
The Crypto Market Is Not Facing A Loss
The total crypto market cap has remained relatively stable, standing at $3.24 trillion after bouncing off the $3.21 trillion support level during an intra-day low. This stability suggests that the market is holding its ground despite some fluctuations. Investors are closely monitoring these levels for signs of further movement.
Over the last 24 hours, a slight sense of skepticism emerged, but it wasn’t significant enough to alter the overall market outlook. This small correction is seen as a natural market stabilization process. However, if broader market conditions turn bearish, the total crypto market cap could dip below $3.21 trillion, potentially testing $3.16 trillion.
If market volatility continues but remains bullish, the crypto market cap could push toward the $3.31 trillion resistance level. Successfully breaching this barrier would invalidate the bearish outlook and signal a continuation of the market’s upward trajectory.
Bitcoin Aims To Breach Barriers
Bitcoin’s price is currently at $107,295, just below the critical $108,000 resistance level. While BTC attempted to breach this barrier during the intraday high in the last 24 hours, it was unable to do so. The market now awaits stronger bullish signals for a breakout above this resistance.
The key challenge for Bitcoin is to sustain its recent upward momentum and avoid a sharp decline. If BTC falls to $105,622, it could erase much of the gains made recently. Maintaining support levels above this price point will be essential for preserving its bullish trend.
However, if broader market conditions remain favorable, Bitcoin could successfully break the $108,000 resistance. A rise past this level would signal a continuation of the bullish trend, with BTC potentially reaching $109,476. This would strengthen the upward momentum and boost investor confidence in the short term.
Pi Network Faces A Challenge
Pi Network’s price is down 12.4% over the last 24 hours, making it one of the worst-performing altcoins today. This decline comes as a surprise, considering PI had just rallied earlier this week. The sudden downturn has left investors concerned about its short-term prospects.
The Ichimoku Cloud indicator shows heavy bearishness for Pi Network, suggesting that further declines may be imminent. If the selling pressure continues, PI could slide below the $0.51 support level. A fall to $0.49 or lower would further solidify the bearish trend, making a recovery less likely without a significant shift.
The only way to invalidate this bearish outlook is for Pi Network to reclaim $0.57 as support. If the altcoin manages to break past $0.64, it could signal a reversal and push the price higher. This would restore bullish sentiment and offer the potential for further price gains.
Disclaimer
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