The total capitalization of the cryptocurrency market (Totalcap) remained under pressure due to concerns about the US economy. Bitcoin (BTC) led the fall, falling to $ 76,600 during the minimums of the day, while artificial superintelligence alliance (FET) recorded the highest loss among altcoins, with a 15%drop.

In today’s cryptocurrency news (11):

• President Donald Trump must sign an executive order to reverse regulations that restricted the access of Crypto companies to banking services, dismantling Biden administration policies known as “Operation Choke Point 2.0”.
• SEC is removing a proposal that aimed to broaden its control over cryptocurrency exchanges. The rule, introduced by former President Gary Gensler, sought to redefine the concept of exchanges to include certain “protocol communications” that affected companies in the sector.

The crypto market continues to fall

Total market capitalization has lost $ 57 billion in the last 24 hours, falling to $ 2.55 trillion. Nevertheless, the two -month low trend remains intact, with Totalcap holding above the critical support of US $ 2.50 trillion, which may serve as the basis for a possible recovery.

If the fall continues, Totalcap can break the $ 2.50 trillion support, prolonging the low trend. On the other hand, the market can consolidate below the resistance of $ 2.63 trillion, indicating continuous salesman pressure and delaying possible recoveries.

If TotalCap can break the resistance of US $ 2.63 trillion and turn it into support, this could signal a reversal in the low trend. A successful break would pave the way for a recovery towards $ 2.75 trillion, strengthening investors’ confidence.

Bitcoin falls to key support

The price of Bitcoin continues to move within an expanding descendant wedge standard, reaching $ 76,600 today (11), marking its lowest level in four months. Despite the significant drop, the technical standard has not yet been broken, which maintains the possibility of recovery if market conditions improve.

The BTC can recover if it can exceed the resistance of $ 80,000, which could trigger more high boost. Reversing the level of $ 82,761 as a support would be a positive signal, allowing Bitcoin to recover recent losses and position itself to a more optimistic phase in the market.

On the other hand, if the low trend continues, the BTC may fall below the $ 76,741 support, invalidating the recovery scenario. This could lead to new losses and even higher decline in price, reinforcing salesman pressure and increasing risks to investors.

Artificial Superintelligence Alliance suffers a strong fall

The price of FET has fallen 15% in the last 24 hours, being negotiated at $ 0.450 after losing the support of $ 0.458. This break makes Altcoin vulnerable to new falls, and if the low movement persists, FET may face difficulties in staying stable, at risk of more devaluation.

If the fall trend continues, FET can test the $ 0.400 support, deepening its losses. At the current level, the token is at its lowest price in the last four months.

To invalidate the low scenario, Fet would need to recover the $ 0.458 support. A successful return could pave the way for a break above the resistance of $ 0.524. If this happens, Fet can start a potential rally of recovery, reversing the negative trend and encouraging a more optimistic perspective.