The total crypto market cap (TOTAL) faced the brunt of bearish investors as over $166 billion was erased from the market. Bitcoin (BTC) led the decline as it fell below the $110,000 support, marking a month and a half low. Fartcoin (FARTCOIN) led the altcoins’ drop with a 17% decline, which led to a 4-month low.
In the news today:-
- B Strategy plans to launch a U.S.-listed company as a $1 billion corporate BNB treasury and investment vehicle, backed by YZi Labs. Unlike yield-focused treasuries, it will fund core tech development, grants, and community initiatives to strengthen the BNB ecosystem.
- Sharps Technology stock surged 96% Monday after unveiling a $400 million plan to build a Solana-based digital asset treasury. The rally was fueled by a $50 million SOL token deal with the Solana Foundation via a PIPE transaction.
The Crypto Market Records Losses
The total crypto market cap dropped $166 billion in 24 hours, triggering $818 million in long liquidations and shaking investor sentiment. TOTAL now sits at $3.73 trillion, a critical level that signals heightened volatility.
Despite the recent downturn, TOTAL remains above the $3.73 trillion support zone, giving bulls a chance to regain control. The market could push toward $3.81 trillion if low prices attract fresh capital. A rebound would suggest that investors still see strong value in major cryptocurrencies at current levels.
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If bearish momentum persists, TOTAL may slide to $3.56 trillion, intensifying losses and eroding confidence across the market. A breakdown below this threshold could extend declines, forcing investors to reevaluate risk exposure.
Bitcoin Falls Below Major Support
Bitcoin price fell 3.2% in the last 24 hours, slipping below $110,000 for the first time in a month. The crypto king now trades at $109,826, reflecting increased selling pressure.
BTC is approaching the $108,000 support level, a historically strong bounce point that has previously halted declines. The support zone could stabilize current prices if buyers step in with renewed confidence.
If conditions improve, Bitcoin could reclaim $110,000 as a vital support level, paving the way for further gains. Such recovery would boost investor confidence, opening a path toward $112,500.
Fartcoin Marks a 4-Month Low
FARTCOIN price dropped 17% in the past 24 hours, falling to $0.78. This marks a four-month low for the altcoin after losing the $0.80 support level. The decline reflects strong selling pressure, pushing the cryptocurrency below a key threshold that had previously maintained stability for several consecutive trading sessions.
FARTCOIN is approaching the $0.73 support level, which previously served as a rebound point in April. A move higher from this zone could enable the altcoin to reclaim $0.80 as support. Price recovery beyond this threshold may create conditions for a short-term rally, with $0.87 emerging as the next resistance.
If FARTCOIN fails to hold $0.73, the altcoin could extend its decline to $0.67, setting a new multi-month low. The drop would increase investor losses and confirm continued downward pressure.
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