Total capitalization of the Crypto Market (Totalcap) and Bitcoin (BTC) recorded a slight growth on the last day, although they face resistance. Nevertheless, altcoins were not impacted by low pressure, with Jasmycoin (Jasmy) standing out as the best performance Altcoin.

In today's news (31):

• Grayscale filed a 19B-4 request for an XRP ETF, expanding its recent investment in new crypto investment products. However, the SEC seems cautious, with possible delays due to the lack of personnel and the hanging confirmation of Donald Trump's nominee for the presidency of the agency.
• Kraken has restored Cryptocurrency Staking for US customers in 39 states, marking a change in regulatory policy. The return on service occurs almost two years after SEC interrupted its operations, with the presidency of Donald Trump signaling a removal from previous regulatory restrictions.

The crypto market is on the rise

Total capitalization of the Crypus Market (Totalcap) has increased US $ 48 billion in the last 24 hours, although it registered a drop of US $ 18 billion during the intraordinary negotiation. Currently at US $ 3.48 trillion, the market remains in the recovery phase, seeking to support recent gains and advance further.

Totalcap is trying to consolidate $ 3.49 trillion as a support level, a critical level to boost new highs. Turning this level into support can make way for a rally toward $ 3.64 trillion, helping to recover recent losses and restore investor confidence.

However, the inability to break the $ 3.49 trillion may leave the total capitalization of the crypture market vulnerable to a fall. If the sales pressure increases, TotalCap can retreat to $ 3.28 trillion, reversing its recent progress and signaling possible weakness in the market.

Bitcoin faces resistance

The price of Bitcoin is hovering just below the resistance of $ 105,000, struggling to turn it into support. Nevertheless, the BTC maintains stability above the $ 100,000 key support, avoiding a deeper correction. Investors are attentive to find out if Bitcoin will be able to support their momentum and break this critical barrier.

If the BTC can consolidate $ 105,000 as a support, this could provide the necessary impulse for a rally toward its $ 109,699 maxim. This movement would indicate a strong high momentum and reinforce investors' trust in Bitcoin's upward trajectory.

However, a new failure to break the $ 105,000 can keep Bitcoin consolidated over $ 100,000. If the sales pressure increases, the BTC risks losing this support, potentially leading to a deeper fall and prolonging short -term losses.

Jasmycoin is recovering

Jasmy has shot 31% in the last 24 hours and is now being negotiated at $ 0.0324. Altcoin remains above critical support of $ 0.0313, which remains essential to support its high momentum.

This rally was significant for Jasmy, as Altcoin had been in a persistent low trend for over a month and a half. Consolidating $ 0.0313 as a support level can strengthen your position by potentially boosting the price towards $ 0.0395 in the next sessions.

However, the inability to keep support at $ 0.0313 may reverse Jasmy's recent gains. A fall below this level can lead to Altcoin to $ 0.0270 or less, invalidating the optimistic perspective and delaying any additional recovery.