Total capitalization of the Crypto Market (Totalcap) and the price of Bitcoin (BTC) plummeted in the last 24 hours after the announcement of US President Donald Trump about new international trade tariffs that will take effect this week. The news generated panic in the crypto market, leading altcoins like Floki (Floki) falling 31% in a single day.

In today’s news (3):

• Sam Bankman-Fried filed an appeal on January 31, claiming that a judicial bias led to an unfair judgment. His lawyers claim that FTX clients have not suffered losses, citing investments in Anthropic, Solana and Mysten Labs as essential for the recovery of creditors.
• Bitcoin ETFs in the US registered nearly $ 5 billion in January with Bitwise Matt Hougan, projecting more than $ 50 billion by the end of the year. He highlighted the volatility of the flows, but expects solid annual growth compared to the $ 35.2 billion total of 2024.

The crypto market reaches lower level in two months

The total capitalization of the Crypus Market (Totalcap) fell US $ 379 billion, losing critical support of US $ 3.00 trillion. Currently at $ 2.96 trillion, this fall increased uncertainty in the market. Investors closely follow if TotalCap will be able to stabilize or if new falls are imminent.

If the low trend continues, TotalCap is in danger of losing support of $ 2.93 trillion. A break below this level can trigger new widespread losses on the market, potentially leading to a longer correction.

However, if the market finds stability and Totalcap recover from the $ 2.93 trillion support, a reversal may occur. A strong leap can boost Totalcap back to the $ 3.10 trillion barrier, restoring investors’ confidence and signaling a possible trend change.

Bitcoin loses the $ 95,000 support

The price of Bitcoin has fallen 7.2% in the last 24 hours, being currently traded at $ 95,691 after losing critical support of $ 93,625. Low Momentum has intensified, increasing investor concerns about the risk of new falls. BTC needs strong purchase pressure to recover stability.

In the last four days, Bitcoin has lost $ 11,000 in value after failing to break the resistance of $ 105,000. This sharp correction weakened the market confidence, boosting the sales pressure.

If Bitcoin cannot recover from its current position, it may fall below $ 92,005, potentially reaching $ 90,000. However, recovering $ 93,625 as a support can trigger a jump, allowing the BTC to relate $ 96,668 and recover part of its recent losses.

Floki may have difficulty recovering

Floki has dropped 31% in the last 24 hours, becoming the worst performance token of the day. Currently negotiated at $ 0.00007997, Memecoin has difficulty recovering his momentum after the strong fall.

Although it is still above the $ 0.00007132 support, Floki has reached its minimum in 11 months. Although new falls seem limited, losing this support can lead to Altcoin below $ 0.00007000.

For Floki invalids the low perspective, it needs to recover $ 0.00009357 as a support. A successful recovery above this level can boost Memecoin towards $ 0.00011036, signaling a possible reversal and restoring the confidence of investors in the short term.