Why is the crypto market on the rise today, 11/02/2025?

Total capitalization of the Crypto Market (Totalcap) and Bitcoin (BTC) have shown signs of recovery, recording light gains in the last 24 hours, although important barriers have not yet been broken. Among the Altcoins, Raydium (Ray) stood out as the best performance of the day, rising 14.7% in the period.

In today’s news (11):

  • Berachain faces community concerns about favoring private investors and tokens manipulation accusations by its main developer. However, if your proof of net system is successfully implemented, the project can recover confidence and establish itself as an innovative solution in the crypto sector.
  • Ripple has partnered with Unicambio to improve transionic payments between Portugal and Brazil through Ripple Pay. Although XRP has undergone recent corrections, this long -term partnership can expand its usefulness and create a new source of profitable revenue.

The Crypto Market faces a barrier

The total capitalization of the crypto market has recorded a modest increase of more than $ 50 billion on the last day, signaling a possible recovery of recent losses. Although the market still feels the effects of the tariff war began by US President Donald Trump, its influence on the crypto sector seems to be decreasing.

Currently, the total capitalization of the market is US $ 3.15 trillion, very close to the resistance of US $ 3.16 trillion. A successful breach of this level would signal a stronger recovery, supporting continuous growth. This movement will be crucial to keeping the momentum high in the coming days.

Totalcap Analysis. Source: Tradingview

If resistance at US $ 3.16 trillion is not broken, the total capitalization of the crypto market can retreat to $ 3.09 trillion. If this level is not sustained, new falls may occur, with the market potentially testing even lower levels. This scenario would delay any recovery and weaken investors’ feeling.

Bitcoin is recovering

The price of Bitcoin has had little variation in the last 24 hours, currently being negotiated at US $ 97,623. Despite the slight increase, the BTC has managed to close in the positive, signaling short -term stability potential. The lack of expressive movements indicates a cautious feeling among investors.

With Bitcoin staying above the $ 95,869 support, he continues to try to break the critical resistance of $ 100,000. However, this movement will require stronger signs to gain impulse. Without sufficient purchase pressure, the BTC may have difficulty overcoming this barrier and maintaining its upward trajectory.

Bitcoin Price Analysis. Source: Tradingview

If Bitcoin faces low market conditions, it can retreat to $ 95,869. The loss of this level would invalidate the optimistic perspective, probably triggering new falls.

Raydium stands out

The price of Ray rose 14.7% on the last day, becoming Altcoin and the top performance token. Currently negotiated at $ 5.41, Ray is trying to break the resistance of $ 5.61. A successful rupture would signal a continuous high momentum to Altcoin, attracting more buyer interest.

Turning the resistance of $ 5.61 into support would help the currency consolidate its recent gains. This movement could allow Altcoin to recover part of February losses, potentially taking its price to $ 6.00. A consistent climb over $ 5.61 would indicate a strong optimistic feeling for the token in the short term.

Ray Price Analysis. Source: Tradingview

However, the inability to break $ 5.61 may result in a drop to $ 4.93. Losing this support would weaken the optimistic perspective to Ray and can lead to a change in market sentiment. An additional decline below $ 4.93 could increase sales pressure, making it difficult to recover.

Exemption from liability

All information contained on our site is published in good faith and only for general information purposes. Any action that the reader takes based on the information contained on our site is at his own risk.

Leave a Reply

Your email address will not be published. Required fields are marked *