The total capitalization of the cryptocurrency market (Totalcap) and Bitcoin (BTC) have recorded some of the largest falls of the year in the last 24 hours. With the increased fear of recession and the impact of Trump’s trade war on the US economy, the crypto market suffered long settlements of $ 743 million. Token Berachain (Bera) ended up forming a new historic minimum (ATL) with the fall.

In today’s news (7):

• For the first time in its 16 years of history, Bitcoin’s hashrate exceeded 1 Zetahash per second (ZH/S). This milestone was hit even in the recent volatility, which took the price of the BTC below $ 80,000.
• Real token investors, promoted by Conor McGregor, will receive total refund after the project does not reach the minimum ralection goal of $ 1 million. The pre-sale totaled only $ 392,315, well below the total target of $ 3.6 million.

Black Monday do crypto market

The total capitalization of the crypto market has dropped significant $ 216 billion in the last 24 hours, reaching US $ 2.42 trillion. The fall was mainly caused by the commercial tensions triggered by the policies of former President Donald Trump, who also affected global stock markets.

With the increasing fear of a new “black Monday”, market sentiment has deteriorated, resulting in long settlements of $ 743 million. The market found temporary support of $ 2.41 trillion, but new falls can take the total of US $ 2.30 trillion.

However, recovering the $ 2.50 trillion support could make way for a recovery. A rise up to $ 2.61 trillion would help the market recover part of recent losses and would be essential to restore investor confidence.

Bitcoin falls below $ 80,000

The price of Bitcoin suffered a new setback over the weekend, falling 7.4% and being currently negotiated at $ 77,299. The loss of $ 80,000 support generated concern among traders, and currency recovery depends on the reaction to current market conditions.

At the moment, the BTC remains above the critical support of $ 77,175. If the market remains weakened, cryptocurrency may fall up to $ 73,773.

On the other hand, a positive reaction from support can signal recovery. If the BTC can recover the level of $ 80,301, it will delete the recent losses and may contradict the feeling of low.

Bera reaches a new historical minimum

Berachain’s Token Bera had a sharp drop of 21% in the last 24 hours, being negotiated at $ 4.58. Altcoin reached a new low record of $ 4.51 during the day, reflecting the negative feeling of the market. The short -term perspective for the token is worrying.

If market conditions do not improve, Bera can continue to fall and reach $ 4.00, marking a new minimum.

The only way to invalidate this pessimistic perspective would be to recover the $ 5.03 support. Going up to $ 5.59 would allow Altcoin to reverse part of the losses, signaling strength and restoring investors’ confidence.