The total capitalization of the cryptocurrency market (Totalcap) and Bitcoin (BTC) face growing pessimism due to US president’s commercial wars. The announcement scheduled for April 2 should intensify the feeling of low, increasing the pressure on cryptors. Token Movement (MOVE) also follows this trend, with a drop of 7.5% today (31).

In today’s news (31):

• Terraform Labs, run by Kroll Restructuring, is ending its properties in bankruptcy. Creditors must submit their claims by April 30, 2025, related to the landlord losses (UST), excluding actives such as Luna 2.0 and on-chain liquidity tokens less than $ 100.
• Japan’s Financial Services Agency (FSA) plans to propose the reclassification of cryptors such as financial products, with amendments to the Predicted Financial Instruments and Exchange Law. Currently, cryptocurrencies are regulated by the payment service law as a means of settlement.

The crypto market is on fire

Total cryptocurrency market capitalization has dropped $ 31 billion in the last 24 hours, being $ 2.60 trillion – below critical support of $ 2.61 trillion. The loss of this level indicates continuous weakness and pressure on digital assets.

The announcement of Trump’s reciprocal tariffs, scheduled for April 2, can deepen the losses, taking totalcap to US $ 2.50 trillion and expanding the downward trend.

If market conditions improve, Totalcap could recover US $ 2.61 trillion. Maintaining this level would make room for up to $ 2.74 trillion, which would invalidate the current perspective of low.

Is Bitcoin losing the floor?

The price of Bitcoin retreated over the weekend and continues to fall earlier this week. The beginning of the second quarter of 2025 may not be positive, as the BTC approaches a “Cross of Death”, with its exponential moving averages signaling low potential.

If the drop continues, the BTC can reach psychological support of $ 80,000. Loss of this level can cause a new wave of sales, taking the price up to $ 76,741. To reverse this scenario, Bitcoin needs to recover the support at $ 85,000, breaking the resistance at $ 82,761.

Move goes in the wrong direction

Token Move has fallen 7.5% in the last 24 hours and is quoted at $ 0.41, after losing support at $ 0.42. Selling pressure has increased, and assets may continue to fall if market conditions do not improve.

If the low trend persists, Move can test its historical minimum of $ 0.37 – which can trigger a wave of settlements for fear of new losses.

On the other hand, a resumption of investor accumulation can reverse this scenario. An increase in demand could make the price exceed resistance of $ 0.42 and advance up to $ 0.47, signaling recovery and invalidating the low thesis.