The total value of the cryptocurrency market (Totalcap) and Bitcoin (BTC) have not registered any significant growth, but still managed to close the daily graph. Altcoins, on the other hand, performed better, with the DAO Token (CRV) curve rising more than 15% in the last 24 hours.

In today’s news (1):

• Coinbase requested the DC District Court to resume the case against FDIC because of Operation Choke Point 2.0, claiming that the regulatory agency has not yet disclosed relevant information. The FDIC says it has responded true, despite the previous delays.
• Michael Saylor’s Strategy recently bought nearly $ 2 billion in Bitcoin, marking a significant increase over last week’s purchase. The acquisition follows a similar purchase of $ 2 billion in February, as well as additional purchases of $ 10 million and $ 500 million – the latter funded by a new stock offer.

The cryptocurrency market remains firm

The total value of the cryptocurrency market has increased less than $ 15 billion in the last 24 hours, reaching US $ 2.64 trillion. Although growth is modest, it signals stability and strength, with the total recovering from the $ 2.61 trillion support. The market is ready for new movements, depending on the broader conditions.

The next important target for Totalcap is $ 2.74 trillion. Exceeding this level would carry the total market value close to the resistance of US $ 2.85 trillion. If conditions are favorable, this can recover most of the recent losses and pave the way for further rise in the coming days.

However, the formation of a Death Cross between exponential moving averages (emas) can signal a low -trend turn. If this occurs, Totalcap may fall below $ 2.61 trillion support and retreat up to $ 2.50 trillion, intensifying the fall trend.

Bitcoin has not yet broken

The price of Bitcoin remains stable at $ 82,906 after failing to turn the $ 85,000 into support last week. The King of Altcoins now tries to recover this level to reverse recent losses. Your next movement will depend strongly on the consolidation of this support.

Bitcoin recovery can be driven by Strategy’s recent $ 2 billion purchase. This significant acquisition can generate optimism among skeptical investors, potentially pushing the BTC over $ 85,000 and towards $ 89,800.

If Bitcoin’s recovery fails in the face of low signals, the BTC may fall to $ 80,301 again, its next critical support. A break below this level can lead to new falls and totally invalidate the optimistic perspective.

Curves DAO Token record

CRV has stood out as the best performance token of the day, rising 12% in the last 24 hours to negotiate at $ 0.52. Altcoin now seeks to break the resistance of $ 0.57. This positive price action indicates that CRV can continue its rise impulse if it can overcome this barrier.

The resistance of $ 0.57 has been an obstacle to CRV since February, and overcoming it can pave the way for more expressive gains. If market conditions remain positive, CRV can rise even more, targeting the level of $ 0.78.

However, if CRV cannot break the $ 0.57 and continue to face resistance, it may have difficulty maintaining its gains. A drop can take the price back to $ 0.39 support, invalidating the optimistic perspective.