The total crypto market cap (TOTAL) and Bitcoin (BTC) noted a decent end to the weekend, rising by $30 billion in the last 24 hours. Stable followed these bullish cues, rising by more than 9% in the same duration.
In the news today:-
Sponsored- Vitalik Buterin and analyst c-node criticized much of today’s DeFi as superficial, arguing that many yield strategies prioritize speculation over true decentralization. Buterin countered by outlining a framework for “real” DeFi, highlighting overcollateralized and risk-minimizing algorithmic stablecoins as genuinely decentralized use cases.
- BitMine acquired roughly 20,000 ETH for $41.98 million, taking advantage of recent market volatility to expand its Ethereum treasury. The purchase brings the firm closer to its goal of holding 5% of ETH’s circulating supply, with current holdings exceeding 4.29 million ETH.
The Crypto Market Is Holding On
The total crypto market cap rose by $30 billion over the past 24 hours, reaching $2.38 trillion at the time of writing. TOTAL is now stabilizing above the $2.37 trillion level. This consolidation suggests short-term balance as buyers and sellers reassess positioning after recent volatility.
Market conditions have calmed over the weekend following a highly volatile week dominated by losses. Sustained low volatility is critical for further upside. If stability holds, TOTAL may attempt a breakout. Breaching $2.45 trillion would signal renewed confidence and support a broader recovery across digital assets.
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Downside risk remains if sentiment deteriorates again. A return of selling pressure could drag the total crypto market cap back toward $2.30 trillion. Under weaker conditions, losses may extend further to $2.22 trillion, erasing recent gains and delaying recovery prospects.
SponsoredBitcoin Reclaims $70,000
Bitcoin is trading near $70,800 at the time of writing, holding above the critical $70,000 support. This level has remained a focal point for traders as it defines short-term trend direction. Sustained positioning above this threshold suggests improving stability after recent volatility across the broader crypto market.
Reclaiming $70,000 as firm support is essential for Bitcoin’s recovery attempt. A confirmed hold could allow BTC to extend gains and recover recent losses. The immediate upside objective stands at $75,000, a level that would signal renewed bullish momentum and strengthen confidence among short-term market participants.
However, recovery remains fragile as capital inflows have yet to accelerate meaningfully. Stronger investor participation is needed to sustain upward momentum. If support weakens and demand fades, Bitcoin could slip below $70,000. Under that scenario, price risks fall toward $62,893, invalidating the recovery setup.
Stable Is Stabilizing
STABLE is trading near $0.0186 at the time of writing, sitting just below the $0.0189 resistance. The altcoin plunged 43% over the past week before stabilizing. Price action has so far held above the $0.0165 support, preventing a deeper immediate breakdown.
Buying pressure remains weak, limiting STABLE’s upside potential in the near term. A decisive break above the $0.0189 resistance would be required to improve momentum. If confirmed, the next upside target stands at $0.0225, which represents the key recovery objective for bullish participants.
Downside risks persist if market sentiment deteriorates. Renewed selling pressure or broader weakness could push STABLE below the $0.0165 support. A breakdown at that level would likely send the price toward $0.0140, invalidating the bullish thesis and extending the current corrective trend.
