The crypto market cap (TOTAL) registered the first actual rebound after nearly 2 weeks as the market conditions improved. Bitcoin (BTC) is maintaining its position above a crucial support, while Axie Infinity (AXS) is leading the altcoins with a 27% rise.
In the news today:-
Sponsored- Coinone denied reports of talks to sell a stake to Coinbase, dismissing speculation of a renewed US push into South Korea’s crypto market. The response highlights ongoing regulatory barriers that continue to limit foreign exchange expansion despite consolidation among local platforms.
- A UK Cryptoasset Business Council survey found that major banks block or delay about 40% of payments to crypto exchanges, sharply restricting access. Exchanges report rising payment failures, with the UK now among the most difficult markets globally for crypto banking access.
The Crypto Market Paints Green
The total crypto market cap rose by $75 billion over the past 24 hours, reaching $2.96 trillion at the time of writing. The rebound follows signs of selling pressure exhaustion, suggesting short-term stabilization. Improving sentiment has encouraged buyers to re-enter, supporting a gradual recovery across major digital assets.
Sustained momentum could push TOTAL toward the $3.00 trillion resistance level. A successful reclaim would likely flip this psychological barrier into support. If confirmed, the broader crypto market could extend gains toward $3.05 trillion, reflecting renewed confidence and stronger participation from both retail and institutional investors.
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Recovery remains fragile if follow-through weakens. Failure to sustain buying interest could trigger renewed profit-taking. Under that scenario, TOTAL may retreat toward the $2.92 trillion support zone or lower, signaling hesitation and delaying a more durable market-wide recovery.
SponsoredCan Bitcoin Bounce Back?
Bitcoin trades near $88,630 at the time of writing, reflecting stabilization rather than renewed bullish momentum. The price has avoided deeper losses by holding above the 23.6% Fibonacci retracement at $86,976. This level remains critical as market sentiment stays cautious amid limited upside follow-through.
The $86,976 zone is widely viewed as a bear market support floor. Defending it has so far prevented sharper downside moves. As long as this support holds, Bitcoin is likely to consolidate and attempt a gradual move toward the $90,000 psychological resistance in the near term.
Downside risk persists if momentum weakens. A decisive break below $86,976 would undermine the current structure. Under that scenario, Bitcoin could slide toward the $84,694 support, increasing vulnerability to further losses and reinforcing bearish pressure across the broader crypto market.
Axie Infinity Surprises Investors
AXS trades near $2.60 at the time of writing, sitting below the $2.92 resistance. The altcoin has shown strong momentum, rising sharply over recent weeks. Sustained buying interest has supported the uptrend, positioning AXS among the stronger performers despite broader market uncertainty.
Bullish momentum suggests downside may remain limited. Any short-term pullbacks would likely serve as healthy consolidation, preventing buying pressure exhaustion. If demand persists, AXS could gradually build strength and attempt a breakout, setting the stage for a move toward the $3.40 resistance zone.
Risk emerges if profit-taking intensifies. A failure to reclaim $2.92 could weaken momentum and invite selling pressure. Under that scenario, AXS may retrace from current levels rather than extend higher, delaying any advance toward $3.40 and invalidating the near-term bullish outlook.
