The total capitalization of the cryptocurrency market (Total) registered a drop of $ 72 billion today after not being able to maintain a level of $ 2.75 trillion as a support. Bitcoin (BTC) performed similarly, although it is still close to ending the day over $ 85,000. Pi Network (PI), on the other hand, fell sharply, accumulating 20% ​​losses in the last 24 hours and being below $ 1.00.

In today’s news (21):

• Tether surprised the market by buying more than $ 33 billion in US Treasury titles, becoming the seventh largest buyer of American Bonds. President Trump highlighted the role of stablecoins in promoting the dominance of the dollar, suggesting that Tether’s purchase can guarantee a valuable partnership.

• SEC has clarified that Proof-OF-Work-based cryptoactives are not subject to regulation as securities, which has feeding predictions that several Altcoins ETFs could be approved by the second trimester of 2025. Despite the opposition of the Caroline Crenshaw commissioner, their criticisms should not prevent the pro-criminal agenda.

The cryptocurrency market has lost support

The total capitalization of the cryptocurrency market fell to US $ 2.73 trillion, below the support of US $ 2.75 trillion. Despite the fall, the general conditions of the market are still stable. Investors carefully observe possible signs of reversal or sustained growth.

If short -term bias intensifies, TotalCap can test the support at $ 2.61 trillion, which can reverse part of the recent gains and bring challenges to the altcoins. On the other hand, if positive macro sentiment persists and volatility follows low, Totalcap can recover the level of US $ 2.75 trillion and resume its trajectory towards US $ 3 trillion.

Bitcoin failed to break resistance

The price of Bitcoin fell to $ 84,622 after not being able to turn the $ 85,000 into support. Despite initial expectations, the BTC could not support itself above this level. Resistance at $ 85,000 remains a crucial point for asset recovery.

Although the chances of a sharp drop are low, a break over $ 85,000 can make way for a new resistance test at $ 89,800. However, if BTC faces new sales pressure, it may fall below $ 80,301, nullifying the recent upper tower.

Pi Network reaches minimum monthly

The price of PI fell almost 20% today, being negotiated at $ 0.93 after breaking the psychological support of $ 1.00. This is the lowest amount recorded in one month. Despite staying above the $ 0.92 support, the fall trend worries and suggests new losses.

If the $ 0.92 support is lost, the asset may retreat up to $ 0.76. However, if you can stay at this level, Pi can try a recovery towards $ 1.19. A successful breakdown of this resistance could take the price up to $ 1.43, invalidating the low bias and starting a new phase of appreciation.