In Brief

  • The crypto market cap recovers by $60 billion to $3.40 trillion, with $3.43 trillion resistance in sight; a drop below $3.31 trillion could reverse gains.
  • Bitcoin is testing support at $109,476; maintaining this level could push it toward new highs, while a drop could lead to $108,000 and bearish sentiment.
  • Uniswap surges 22% to $8.35, driven by positive DeFi sentiment; securing $8.29 support is key for further gains, while failure risks a drop to $7.55.
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The total crypto market cap fluctuated over the last 24 hours before rising by $60 billion from an intraday low. Bitcoin’s price is attempting to secure its spot above the local support to reach $110,000. Among the altcoins, Uniswap took the lead, rising by 22% following SEC Chair Paul Atkins’ positive comments regarding DeFi (Decentralized Finance).

In the news today:- 

  • Reports suggest President Trump is considering Treasury Secretary Scott Bessent to replace Jerome Powell as Federal Reserve Chair when his term expires in May 2026. This potential move comes amid ongoing tensions between Trump and Powell, raising concerns about possible disruptions to US fiscal policy.
  • Around 200 people in Kibera, Kenya’s largest slum, are adopting Bitcoin for daily use, driven by local activism. However, while many are excited about Bitcoin’s growth potential, building a sustainable crypto community in such challenging conditions remains a difficult task.

The Crypto Market Recovers

The total crypto market cap experienced significant fluctuations over the last 24 hours, reaching an intraday low of $3.33 trillion. However, the market quickly recovered, gaining $60 billion, and is now standing at $3.40 trillion. This rebound highlights the volatility in the crypto space and investor sentiment.

The future of TOTAL’s price largely depends on the market conditions in the coming days. If these conditions remain positive, there is potential for a breach of the $3.43 trillion resistance. A move above this level could push the market cap to $3.49 trillion, continuing the upward momentum.

Total Crypto Market Cap Analysis
Total Crypto Market Cap Analysis. Source: TradingView

However, if market conditions worsen, the crypto market cap could drop back to $3.31 trillion. Such a decline would erase the recent gains made in the last few days and negatively impact investor profits, marking a potential shift in the market’s overall direction.

Bitcoin Is Looking For Support

Bitcoin’s price is currently at $109,657, having breached the $110,000 resistance multiple times over the past 24 hours. However, it has not yet managed to secure this resistance level as support. The ongoing price action indicates uncertainty in the market and the potential for further fluctuations.

If Bitcoin sustains above the local support level of $109,476, it could push toward a new all-time high (ATH) beyond $111,980. This would confirm the continuation of the bullish trend and signal confidence among investors. Maintaining this support is crucial for BTC to continue its upward momentum in the near term.

Bitcoin Price Analysis.
Bitcoin Price Analysis. Source: TradingView

On the other hand if Bitcoin fails to hold the $109,476 support and experiences a drop, the price could fall to $108,000. Such a decline would invalidate the bullish outlook and potentially result in losses for investors. A failure to maintain the support level could lead to further price corrections.

Uniswap Leads The Gains

Uniswap has taken the top spot today, surging by 22% within the last 24 hours. This significant price jump follows SEC Chair Paul Atkins’ recent comments at the Crypto Task Force Roundtable on Monday, favoring decentralized finance (DeFi), which fueled positive sentiment among investors. The rally reflects growing confidence in DeFi projects like Uniswap.

Currently trading at $8.35, Uniswap aims to secure the $8.29 support level. If successful, this will enable the altcoin to push past the $8.76 resistance barrier. Establishing $8.29 as support is crucial for Uniswap to maintain its bullish momentum and target higher price levels in the near future.

UNI Price Analysis.
UNI Price Analysis. Source: TradingView

However, if Uniswap fails to maintain the $8.29 support, the altcoin could fall to $7.55. A decline to this level would invalidate the bullish outlook, suggesting that selling pressure outweighs buying interest. Such a drop would mark a significant shift in investor sentiment.

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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 ConditionsPrivacy Policy, and Disclaimers have been updated.

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Aaryamann Shrivastava
Aaryamann Shrivastava is a technical and on-chain analyst at BeInCrypto, where he specializes in market reports on cryptocurrencies from diverse sectors, including Telegram Apps, liquid staking, Layer 1s, meme coins, artificial intelligence (AI), metaverse, internet of things (IoT), Ethereum ecosystem, and Bitcoin. Previously, he conducted market analysis and technical assessments of various altcoins at FXStreet and AMBCrypto, covering all aspects of the crypto industry, including...
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