Total capitalization of the Crypto Market (Totalcap) and Bitcoin (BTC) have a slight growth, stabilizing as they seek solid support. However, the high impulse was more evident in Altcoins, with Pepe (Pepe) standing out as the best performance of the day, rising 14.5%.

In today’s news (13):

• Arkham Intelligence’s on-chain data reveal that Alameda Research distributed $ 23 million in Sol not blocked to 38 FTX addresses. Nevertheless, the unlocking had a minimum impact on the price or demand of the sun, being overshadowed by the broader and most pessimistic market conditions.
• The Bank of Russia plans to introduce cryptocurrency negotiation under an experimental legal regime, accessible only to “highly qualified” investors. To qualify, individuals must meet specific investment or income criteria, with the initiative to test market operations under rigid regulations for a period of three years.

The crypto market is recovering

The total capitalization of the cryptocurrency market (Totalcap) registered an increase of US $ 23 billion, reaching US $ 2.66 trillion at the time of the report. To support this growth, TotalCap needs to guarantee US $ 2.63 trillion as support. This would pave the way for a possible increase up to $ 2.75 trillion, signaling a solid recovery.

If the resistance of US $ 2.75 trillion is broken and converted into support, the boost of recovery would be strengthened. This breakdown could take totalcap to $ 2.93 trillion, possibly exceeding the mark of US $ 3.00 trillion. Such a movement would demonstrate continuous confidence in the market and healthy growth for the crypture sector.

On the other hand, if Totalcap cannot exceed US $ 2.75 trillion, it could consolidate between $ 2.75 trillion and $ 2.63 trillion. This would delay recovery, leaving the market vulnerable to corrections. If the $ 2.63 trillion support fails, more losses may occur.

Bitcoin tries to recover crucial support

Bitcoin is being negotiated at US $ 83,537, focused on the recovery of its recent losses. The main target of the BTC is to exceed the barrier of $ 85,000. A successful break would indicate potential for more appreciation.

Despite the recent volatility, exceeding $ 85,000 and turning it into support could boost Bitcoin to $ 87,041 or more. A breach of this level would confirm a reversal of tall trend, allowing cryptors to recover its positive impulse.

On the other hand, if Bitcoin cannot exceed the $ 85,000, he risk falling below the $ 82,761 support. This would delay recovery and maintain the BTC in a narrow interval. If this support is lost, new losses can be triggered.

Pepe Lidera between AS Altcoins

The price of PEPE is being negotiated at $ 0.00000723, seeking to consolidate $ 0.00000718 as support. Keeping above this level would reinforce its 14.5% growth in the last 24 hours and make way for a possible advance up to $ 0.00000839. This support is essential to maintain the rise.

The main level of resistance to Pepe is $ 0.00000839. Breaking this barrier would confirm recent gains, making the continuation of discharge more likely. A successful break could signal more appreciation, strengthening investors’ confidence and attracting greater purchase pressure.

However, if PEPE cannot maintain a support of $ 0.00000718, it risks falling to $ 0.00000632. This fall would invalidate the optimistic scenario and erase recent gains, signaling a possible increase in seller pressure.