Total capitalization of the crypto market and Bitcoin (BTC) recorded minimal growth during the weekend, remaining at the same levels as a few days ago. However, the lack of high momentum is affecting altcoins, with Jupiter (JUP) falling 9% in the last 24 hours.

In today’s news (17):

• The India Inspection Directory (ED) seized $ 190 million in Bitconnect fraud -related cryptocurrencies, which operated between 2016 and 2018. The scheme involved a false “loan program”, attracting global investors with misleading promises of high returns, while prosecutors received commissions for recruitment.
• Argentine lawyers filed accusations against President Javier Milei for promoting the Token Libra (Libra), which fired to $ 4.56 billion before collapsing 94%. The case generated accusations of a Pump-and-Dump scheme after Milei deleted his post about the asset.

The Crypto Market returns to the starting point

The total capitalization of the crypto market has dropped $ 43 billion in the last 24 hours, being below the critical support of US $ 3.16 trillion. This fall reflects the broader uncertainty on the market, with many assets facing low pressure.

Currently at US $ 3.14 trillion, total market capitalization remains vulnerable to new falls. A possible retreat to $ 3.09 trillion is on the radar, although this level has shown strong support throughout the month. For now, the market is likely to remain above this level.

If the market can turn the level of $ 3.16 trillion into solid support, a recovery may occur. This movement would pave the way for up to $ 3.28 trillion, signaling a possible reversal in feeling and bringing some optimism to investors amid continuous volatility.

BITCOIN RETS FOR SUPPORT

Bitcoin is being negotiated at $ 96,079, remaining above critical support of $ 95,869. This level of support remained intact for almost a month, indicating stability. However, bitcoin is still subject to low pressure if market conditions deteriorate, especially with volatility affecting the crypto sector as a whole.

Bitcoin’s resilience in sustaining $ 95,869 supports support from investors, who expect a recovery. However, if this level is lost, BTC holders may face significant losses, with a possible retreat to $ 93,625. This fall would reinforce the feeling of low and could trigger a broader settlement in the market.

If Bitcoin can recover from the $ 95,869 support and climb toward $ 98,212, this can invalidate the current outlook. A high sustained above this level would indicate strength and recovery, offering hope for new gains and a possible return to the high momentum to Bitcoin.

Jupiter records losses

Jupiter (JUP) was Altcoin with the worst performance of the day, falling 9.7% in the last 24 hours. Being negotiated at US $ 0.84, Altcoin has faced difficulties to gain impetus, reflecting the broader pressures on the market and the feeling of investors. JUP finds significant obstacles in its attempt to recover from recent falls.

The recent devaluation of JUP occurred after Altcoin could not break the barrier of $ 0.96. If the low trend continues, JUP may fall to $ 0.77. The loss of this support would probably lead Altcoin to a new retreat to $ 0.72, signaling continuous weakness and expanding the low perspective.

A recovery above the resistance of $ 0.96 could signal a change in feeling in relation to Jupiter (JUP). If Altcoin can turn this level into support, it can pave the way for a broader recovery, with a potential up to $ 1.12. This movement would invalidate the low thesis and bring hope for sustainable gains.