Total capitalization of the Crypus Market (Totalcap) and Bitcoin (BTC) have recovered slightly in the last 24 hours, with the BTC exceeding US $ 80,000 again. Following this trend, Kaspa (KAS) recorded a 17%increase.

Today’s News (12):

• OKX has denied allegations that EU regulators are investigating Exchange for alleged participation in the Bybit Hack. The company, which received a MICA license last month, said it had actively cooperated to freeze the stolen funds and is not under investigation.
• SEC postponed several requests for ETFs for Solana, XRP, Litecoin and Dogecoin amid criticism of their pro-criminal posture. However, the commission also recognized new requests, many of the same broadcasters or for the same cryptors who had the postponement.

Crypto market recovers

Total capitalization of the Crypus Market (Totalcap) has increased US $ 89 billion in the last 24 hours, reaching US $ 2.61 trillion. Currently, TotalCap is trying to recover the support level of $ 2.63 trillion. If market conditions remain favorable, this may indicate the start of a broader recovery in the sector.

With signs of market improvement, overcoming and consolidating US $ 2.63 trillion as support can boost TotalCAP to US $ 2.75 trillion. This would help to regain recent losses and possibly build a boost for more sustainable growth.

However, if Totalcap cannot consolidate the US $ 2.63 trillion support level, market capitalization can retreat to US $ 2.50 trillion. This would reinforce the low perspective and indicate new challenges for the crypto market.

Bitcoin recovers the $ 80,000

Bitcoin’s price has recorded a significant recovery in the last 24 hours, rising from $ 79,000 to $ 81,957. Currently, the BTC is just below the resistance of $ 82,761, seeking to overtake this barrier. A successful rupture could signal a new rise impulse.

For Bitcoin to reach the $ 85,000, it must first turn the $ 82,761 into a solid support. This can be achieved with strong support from investors, boosting the price of the BTC up. If this resistance is surpassed, Bitcoin can rise to $ 87,041, strengthening the outlook and encouraging new purchases.

However, if the overall market conditions do not improve, Bitcoin may fall again to $ 80,000 or less. In this scenario, the BTC could test the support at $ 76,741, potentially rekindling previous losses. A continuation of the low trend would decrease investor confidence and maintain prices under pressure.

Kaspa leads the recovery

Kaspa (KAS) has stood out as the best performance Altcoin of the day, recording a 17% increase in the last 24 hours. Currently being negotiated at US $ 0.068, Altcoin seeks to overtake and consolidate the $ 0.069 as a support. This movement would indicate a stronger high trend and greater valuation potential.

If Kaspa can turn the $ 0.069 into support, Altcoin can advance to $ 0.078. A high sustained above this level could further increase investor confidence by boosting KAS towards $ 0.101. This would help to recover recent losses and signal a positive change in the market sentiment to the token.

However, if Kaspa cannot exceed $ 0.069, it may retreat to $ 0.058. This fall would eliminate recent gains and invalidate the discharge perspective, potentially signaling higher sales pressure.