The total value of the capitalization of the Crypto (TotalCAP) and Bitcoin (BTC) market has recorded a recovery in the last 24 hours, driven by more favorable macroeconomic conditions. Altcoins also benefited from this improvement, with XRP (XRP) being the best performance asset of the day, rising 8%.

In today’s news (20):

• The poll about the feeling of the PI Network community in Coinmarketcap had a sharp drop today, with allegations of bot activity influencing negative votes. Despite the lack of clear evidence, network supporters have already influenced polls and ratings earlier, amid criticism and price falls.
• President Donald Trump will speak at Digital Asset Summit in New York on March 20, marking the first time a acting US President participates in a cryptocurrency conference. The announcement occurs after the White House Crypto Summit, which brought updates on US Bitcoin reserve and industry regulation.

The Crypto Market recovers

The total capitalization of the crypto market has increased by $ 97 billion in the last 24 hours, reflecting mixed reactions from investors after Federal Decision Reserve to maintain US interest rates. The market response is still uncertain as it remains sensitive to broader economic signs.

Currently, total capitalization is US $ 2.77 trillion after exceeding resistance of US $ 2.75 trillion. This movement suggests that the market may be targeting the next significant level of resistance by $ 2.93 trillion. However, maintaining $ 2.75 trillion support will be crucial to sustain this rise impulse.

If the feeling of low prevail, the total capitalization of the crypto market can retreat below the level of US $ 2.75 trillion, possibly testing the $ 2.61 trillion as a new support zone. This scenario would indicate a weakening of investor confidence.

Bitcoin breaks important barrier

The price of Bitcoin increased 3.79% today (20), reaching US $ 85,846. This breakthrough occurred after overcoming the resistance of US $ 85,000, ending a period of consolidation that lasted a week above $ 80,301. This rise movement indicates that bitcoin can continue rising if the impulse is sustained in the coming days.

For Bitcoin to recover its previous losses, it needs to stay above current support and look for higher targets. The next level of key resistance is $ 89,800, with the potential to reach $ 90,000. A successful breakdown of these levels could confirm the beginning of a stronger tall trend for Bitcoin.

However, if investors’ feeling becomes bassist, Bitcoin may be corrected. The inability to keep support at $ 85,000 can trigger a new drop for the previous consolidation range, possibly testing the $ 80,301 again. This would delay Bitcoin’s recovery and keep it within the current track.

XRP faces resistance

The XRP was the best performance of the day, rising 8%. However, the uncertainty of the broader market is limiting significant gains. Most other cryptocurrencies are recording minimum gains or losses.

The XRP has not yet established a strong momentum, as it faces resistance in the mark of $ 2.60. If the asset can break this barrier, there is a possibility of an advance towards the level of $ 2.95, a key resistance that failed to overcome previously this month. This movement would indicate a possible beginning of recovery for the XRP.

If the XRP cannot break the $ 2.60 barrier, it may fall back to $ 2.33 or even lower. This would erase recent gains and invalidate the discharge perspective. If the price reaches $ 2.14 or below, this could further undermine investors’ confidence and delay any recovery.