Total capitalization of the Crypus Market (Totalcap) and Bitcoin (BTC) are facing a slowdown in overall volatility. However, BTC and several altcoins have still recorded losses. Movement (Move) was one of the largest declines, falling 4.3% in the last 24 hours.

In today’s news (17):

• A US court ordered the Debiex crypto platform to pay $ 2.5 million after not responding to a CFTC process that accuses it of operating a romantic blow. Judge Douglas Rayes ordered Debiex to return $ 2.26 million to the victims and pay a civil fine of $ 221.5 thousand.
• The Bank of Korea said it has no plans to add Bitcoin to its currency reservations, citing concerns about high volatility. The answer came in a statement written to the National Assembly Strategy and Finance Committee.

The cryptocurrency market is stable

The total capitalization of the cryptocurrency market is struggling to exceed the barrier of US $ 2.75 trillion after losing $ 23 billion. This occurs after a decline greater than $ 65 billion on Sunday. Now TotalCap is $ 2.69 trillion, trying to recover the lost ground and seek a possible breakup.

Totalcap can test $ 2.63 trillion support before trying a recovery. If this occurs, the market can remain in consolidation below the resistance of US $ 2.75 trillion. Without an increase in volatility, this side movement can continue in the coming days, delaying any significant price action.

However, if the overall market conditions improve, TotalCap can invalidate the perspective of low. A break over $ 2.75 trillion would pave the way for more gains, with the capitalization of the cryptocurrency market potentially rising to $ 2.93 trillion. This would signal a return on investor confidence and a stronger boost in the market.

Bitcoin seeks to break barrier

The price of Bitcoin is currently at $ 83,691, keeping above the $ 82,761 support level, but still arrested below the $ 85,000 barrier. The BTC is trying to break this resistance and turn it into support, which could signal the beginning of a stronger high impulse.

A drop below $ 82,761 is unlikely unless the overall market conditions become bassists. If Bitcoin cannot maintain the support, it can fall to $ 80,000, erasing the recent gains. This would reinforce short -term bassist feeling and delay any possible breakup above resistance levels.

On the other hand, if Bitcoin can break the $ 85,000 barrier, it could rise to $ 87,041. Overcoming this level would also push the BTC beyond the 200 -day exponential moving average (EMA), invalidating the low perspective.

Movement approaches crucial support

The price of MOVE is currently $ 0.445, with a 4.3% drop in the last 24 hours. While most altcoins recorded gains today (17), Move was one of the few that ended in the red. This fall aggravates the continuous struggle for recovery, keeping Altcoin under pressure in a volatile market.

MOVE is staying above the critical support level of $ 0.420. If this support fails, Altcoin may fall even more, possibly reaching its historic minimum of $ 0.370. This fall would extend the losses and make it difficult to recover Move in the short term.

However, if it moves to break the barrier of $ 0.476, it can gain rise boost. In addition, a successful rupture above this level could lead to Altcoin to $ 0.527. Overcoming this resistance would invalidate the perspective of low and signal the beginning of a recovery phase.