The total crypto market cap (TOTAL) and Bitcoin (BTC) have grown over the last 24 hours, maintaining their intentions of recovery. Following the top tokens’ cues, World Liberty Financial (WLFI) shot up by more than 24%.
In the news today:-
Sponsored- Coinbase is relaunching into the token sale market with a regulated platform, starting with Monad’s algorithm-driven public sale. However, concerns over insider-dominated token allocations have sparked renewed debate about fairness and decentralization in crypto fundraising.
- The US Treasury and IRS have issued new guidelines allowing crypto ETFs and trusts to stake assets and distribute rewards. This regulatory clarity marks a key step for institutional crypto adoption, enabling compliant participation in proof-of-stake networks.
The Crypto Market Is Recovering
The total crypto market cap stands at $3.54 trillion, up by $55 billion in the last 24 hours. This strong rebound highlights improving investor confidence and renewed inflows into major cryptocurrencies.
The sustained recovery across digital assets could strengthen investor support, boosting liquidity and overall market participation. TOTAL remains just below the $3.56 trillion resistance level, and a breakout above this threshold could ignite fresh growth from altcoins.
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However, if the bullish momentum fades, the total market capitalization may decline. TOTAL could fall through the $3.49 trillion support level and potentially slip toward $3.42 trillion. Such a move would indicate fading investor enthusiasm and short-term risk aversion.
SponsoredBitcoin Crosses Key Barrier
Bitcoin’s price continues its steady recovery, trading at $106,371 and hovering just below the critical $108,000 resistance level. The crypto king’s resilience signals improving market confidence, with recent inflows and reduced volatility supporting BTC’s climb. Sustaining this momentum could reinforce Bitcoin’s position above key psychological price thresholds.
The Relative Strength Index (RSI) indicates that bearish momentum is easing, with BTC nearing a potential shift toward bullish conditions. A confirmed uptrend could help Bitcoin’s price break past the $108,000 resistance and aim for $110,000.
However, if selling pressure resurfaces among investors, Bitcoin’s price may lose its current stability. A decline below $105,000 could drag BTC back toward the crucial $101,477 support level. Such a retracement would undermine bullish confidence.
World Liberty Financial Enjoys Gains
WLFI has emerged as the day’s top-performing altcoin, recording a 24% surge to trade at $0.156. The Parabolic SAR indicator confirms an active uptrend, signaling strong bullish momentum. This price rise highlights increasing investor interest and confidence in WLFI’s potential for sustained short-term market growth.
Currently trading at $0.156, WLFI holds firm above the $0.151 support level, reaching a new monthly high. If the token successfully rebounds from this support, it could rally toward $0.179. The ongoing momentum reflects solid buying pressure.
However, if the bullish momentum weakens, WLFI may struggle to maintain its gains. A drop below $0.151 could send the altcoin toward $0.134, signaling a possible market correction. Such a decline would invalidate the bullish outlook.
