The crypto market has resumed its low trend, losing $ 40 billion in the last 24 hours. Bitcoin registered a 1% drop in this period. Meanwhile, Raydium (Ray) stands out as the biggest loser of the day.

In today’s news (24):

• Strategy (formerly microstrategy) may be preparing for another major Bitcoin purchase after co -founder Michael Saylor Share an enigmatic post with an BTC tracker at X.
• Reports indicate that Kanye West (Ye) may have sold her X account to Barkmeta before the planned launch of a crypto project, raising worries about a possible blow.

Totalcap falls as market activity decreases

The total capitalization of the crypto market has lost $ 40 billion in the last 24 hours, falling to $ 3.09 trillion, slightly above critical support of US $ 3.05 trillion.

Strong challenges in the market have had the total of repeatedly testing this support since the beginning of the month, trying to break it in recent weeks. With the weakening of the momentum high, the possibility of a drop below $ 3.05 trillion continues to increase.

If this support fails, the total capitalization of the crypto market may fall below $ 3 trillion to $ 2.6 trillion. This would indicate a deeper correction, with many assets recording expressive falls in their values.

However, if the $ 3.05 trillion support is maintained and the total capitalization of the crypto market recovers, there is the potential to overcome resistance by $ 3.24 trillion.

Bitcoin remains consolidated, but risks increase

At the moment, Bitcoin is being negotiated at $ 95,798, registering a 1% drop in the last 24 hours. The asset remains near the lower line of the horizontal channel, within which it has been oscillating since the beginning of February.

When an asset moves within this channel, it indicates a consolidation phase, with the price oscillating between well -defined support levels and resistance. Since February 5, the BTC has been consolidated in this range, finding resistance at $ 98,663 and support at $ 95,650.

As with other assets, when bitcoin approaches the lower line of this channel, this represents a critical point where buyers can intervene to avoid new falls. However, if this support fails, the BTC may face additional seller pressure, leading to a retreat to $ 92,325.

On the other hand, if market sentiment changes and BTC accumulation is resumed, its value may try to overcome the resistance of $ 98,663 and target $ 102,753.

Ray is the largest loser on the market

Raydium (Ray) stands out as the worse performance asset, recording a 28% drop in the last 24 hours. At the moment, Altcoin is negotiated at $ 3.13, its minimum in three months.

It is worth noting that the drop in Ray was accompanied by an increase in its negotiation volume, confirming a low bias for the asset. During the analyzed period, Altcoin’s negotiation volume rose 301%, totaling US $ 255 million.

When the price of an asset falls as its negotiation volume increases, it indicates strong seller pressure, suggesting that more investors are leaving the market and that the fall trend can continue. If this scenario persists, Ray runs the risk of falling to $ 2.60.

On the other hand, if Ray’s accumulation is strengthened, its price may rise to $ 4.12.