The total crypto market cap (TOTAL) is recovering, and Bitcoin (BTC) is inching closer to the $100,000 mark. These gains are also pushing up the altcoins led by XDC Network (XDC), which marked a 14% rise over the past day.
In the news today:-
- JPMorgan analysts predict altcoin ETFs, including XRP and Solana, could attract $14 billion in institutional inflows in 2025. XRP ETFs are projected to earn $6–$8 billion, while Solana ETFs could generate $3–$6 billion within 6 to 12 months of approval.
- The TON Foundation is expanding into the US, anticipating a favorable regulatory climate under Donald Trump’s administration. Manuel Stotz replaces Steve Yun as president, marking a leadership shift to support this strategic move.
The Crypto Market Is Noting Growth
The total crypto market cap has risen by $104 billion, currently standing at $3.30 trillion. This growth comes after successfully breaching the critical resistance at $3.28 trillion, signaling renewed market strength and investor optimism.
Flipping $3.28 trillion into support is vital for the market cap to maintain its upward trajectory. If achieved, this would position the market to target $3.49 trillion, the next major resistance level, further solidifying recovery and boosting market confidence.
However, if the market cap fails to hold above $3.28 trillion, it risks reversing recent gains. A drop below this support could send TOTAL back to $3.16 trillion, raising concerns about sustained recovery and increasing caution among investors.
Bitcoin Is Closer To A Key Barrier
Bitcoin is currently trading at $97,204 after successfully breaching the resistance at $95,668. The cryptocurrency’s next major milestone is flipping the $100,000 level into support, a key target that would solidify its bullish trajectory.
Achieving this milestone requires strong support from broader market conditions to sustain momentum. Flipping $95,668 into a firm support level is crucial for Bitcoin to continue its upward movement, positioning it closer to reaching the psychological barrier of $100,000.
However, if Bitcoin loses the $95,668 support, it risks a reversal in its recent gains. The price could fall back to $93,625, invalidating the bullish outlook and potentially leading to further losses, prompting caution among investors.
XDC Holders Are Enjoying Gains
XDC price has surged by 14.5% in the past 24 hours, currently trading at $0.115. The cryptocurrency is positioned just below the critical barrier of $0.117, indicating strong momentum as it eyes further gains.
Having successfully breached the $0.108 resistance, XDC could flip this level into support to solidify its upward trajectory. If achieved, this would enable the altcoin to break past the $0.117 barrier, paving the way for sustained bullish momentum in the short term.
However, if XDC loses the $0.108 support, the altcoin risks falling back to $0.097. Such a decline would invalidate the bullish outlook and potentially erase the recent gains, leaving investors cautious about its immediate performance.
Disclaimer
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