Back

Why Is The Crypto Market Up Today?

31 December 2025 04:41 UTC
Trusted
  • Crypto market nears breakout as capitalization approaches $3.00 trillion
  • Bitcoin trades near $90,000 targeting key resistance ahead now
  • Canton rallies sharply establishing support while targeting new highs
Promo

The total crypto market cap (TOTAL) and Bitcoin (BTC) continue to maintain their positioning, as the lack of direction remains an issue. Canton (CC) took the top spot among the altcoins as it jumped 16% in 24 hours.

In the news today:-

Sponsored
Sponsored
  • Binance temporarily suspended Visa and Mastercard withdrawals for Ukrainian users due to maintenance as its fiat partner, Bifinity, winds down services. The exchange said the pause is not linked to Ukraine’s central bank, and users can still access P2P trading, card deposits, and SWIFT transfers.
  • BNB Chain released its 2026 Tech Roadmap after achieving zero downtime in 2025, targeting “exchange-grade” performance, native privacy, and AI-powered infrastructure. The network aims for 20,000 transactions per second with sub-second finality in 2026, with a longer-term goal of reaching 1 million TPS by 2028.

The Crypto Market Bounces Back

The total crypto market is aiming at the critical point of $3.00 trillion after registering a $34 billion increase today. The rise is likely owing to the optimism around the New Year 2026, which feeds the rise.

A more solidified rise, however, depends on the market reclaiming the $3.00 trillion level and holding it as firm support. Breaking and sustaining this psychological mark would likely strengthen sentiment and encourage fresh inflows from investors.

TOTAL Price Analysis
TOTAL Price Analysis. Source: TradingView

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

On the downside, weakness in buying pressure could reopen risks. A slip below $2.92 trillion may trigger further losses, with $2.85 trillion emerging as the next critical area where buyers are expected to step in.

Sponsored
Sponsored

Bitcoin Could Be Looking At Volatility

Bitcoin is changing hands near $88,582 at the time of writing and continues to hold above the $88,210 support level. This level had restricted price advances earlier this month, and its shift into support suggests the market is finding a short-term footing.

To recover from recent pullbacks, Bitcoin must challenge the resistance around $90,308. A sustained buying spree is crucial to push BTC beyond this zone, which would likely reinforce bullish confidence and attract renewed interest. The Bollinger Bands’ convergence suggests that BTC is looking at a volatility explosion soon, which could lead to a price rise if the momentum remains bullish.

Bitcoin Price Analysis
Bitcoin Price Analysis. Source: TradingView

If demand fades, downside risks could resurface. A drop below $88,210 would weaken the current structure and shift attention to $86,247 as the next support area. Failing to defend both levels could increase selling pressure and deepen losses for Bitcoin holders.

Canton Continues Its Climb

Canton surged 16% over the past 24 hours, ranking as the top-performing altcoin of the day. The move extends a strong weekly rally of 61.5%, reflecting heightened speculative interest. Rising volume and momentum suggest short-term demand remains elevated across active market participants.

CC trades at $0.146, holding just below the $0.150 resistance level. Continued momentum could support a breakout above this barrier. A confirmed move higher may open a path toward the $0.164 level, where traders are likely to reassess risk and profit-taking behavior.

CC Price Analysis.
CC Price Analysis. Source: TradingView

Downside risks remain if sentiment shifts. Renewed selling pressure could drag CC back to the $0.133 support zone. A deeper pullback toward $0.118 would invalidate the bullish outlook, signaling exhaustion after the recent rally and increasing downside exposure.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Sponsored
Sponsored