The total crypto market cap (TOTAL) and Bitcoin (BTC) continued their uptrend today as the market conditions improved. Among the altcoins, Zcash (ZEC) has also begun observing recovery, rising by 12.5% in the last 24 hours, to breach $350.
In the news today:-
Sponsored- Families of victims of the October 2023 Israel attacks have sued Binance, alleging the exchange enabled transactions for U.S.-designated terrorist groups. The case could set a precedent for shifting crypto platform accountability from regulatory fines to high-stakes private liability tied to terrorism financing.
- Changpeng Zhao is accelerating his push into prediction markets, launching a new platform on BNB Chain, while Trust Wallet added prediction trading for 220 million users. Combined with recent Polymarket integrations and Opinion’s mainnet launch, BNB Chain is positioning itself as a major hub for decentralized forecasting markets.
The Crypto Market Is Recovering
The total crypto market cap jumped by $95 billion in the last 24 hours, reaching $3.15 trillion. TOTAL surged after the macro financial conditions improved, along with investor sentiment. This is improving risk sentiment and driving strong inflows into major cryptocurrencies.
TOTAL is now aiming for the $3.16 trillion resistance level, which it must breach to maintain upward momentum. Securing it as a stable support will be crucial for sustaining this rally and enabling further rise towards $3.21 trillion.
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If volatility returns and conditions shift again, TOTAL may fall through $3.09 trillion and retrace toward $3.00 trillion or even lower. Such a move would signal weakening demand and temporarily invalidate the bullish outlook.
SponsoredBitcoin Is Looking For A Breach
Bitcoin’s price is testing its five-week downtrend for the fourth time, sitting at $93,617 at the time of writing. Breaking above this long-standing barrier is essential for the crypto king to confirm a sustainable recovery and regain lost bullish momentum in the broader market.
The rally of the past 48 hours is strengthening Bitcoin’s recovery, supported by improving macro financial cues. If this momentum holds, BTC could finally push above the downtrend and move toward $95,000. Flipping this level into support would open the path toward $98,000, marking a significant shift in sentiment.
However, failure to overcome the downtrend could send Bitcoin’s price lower again, erasing recent gains. A rejection here may push BTC back under $91,521 or even below $89,800. This would invalidate the bullish thesis and extend its corrective phase.
Zcash Has a Long Way To Go
ZEC is up 12.5% in the past 24 hours, trading at $352 while holding above the $344 support level. Maintaining this floor is essential for extending its short-term recovery and building momentum after last week’s steep decline.
The next major hurdle sits at $442, a level that will require renewed investor confidence and stronger market support. A successful move above this barrier could help ZEC reclaim a significant portion of the 45% losses recorded during the previous week.
However, if recovery attempts weaken and bearish pressure returns, ZEC could slide back toward the $300 support zone. A drop below this level would invalidate the bullish outlook and signal risk of deeper downside.
