The total capitalization of the Cryptocurrency Market (Totalcap) was able to recover slightly as the wider market signs were optimistic. Bitcoin (BTC) led this short -term high, almost surpassing the $ 85,000 barrier. Among the altcoins, the highlight was EOS, with a 30% increase in the last 24 hours.

In today’s news (2):

• Circle, Stablecoins’ largest station, officially launched its IPO after almost a year of preparation. The opening of capital paves the way for financial benefits and greater integration with financial and regulatory infrastructure.
• UPCX suffered a major hacker attack today: 18.4 million UPC tokens – about $ 70 million – were stolen from management accounts. The invaders have not yet sold the assets, but the incident caused a strong drop in the price of the token.

The cryptocurrency market shows signs of recovery

Total cryptocurrency market capitalization has risen US $ 50 billion in the last 24 hours, reaching US $ 2.68 trillion. This rise, from the $ 2.61 trillion support, indicates short -term recovery potential. Although still fragile, the market shows more strength than the previous week.

If the momentum continues, Totalcap can reach $ 2.74 trillion and even exceed this level. However, if sales pressure increases unexpectedly, this trend may be reverse and the total may fall again to $ 2.61 trillion or less – which would impair recent advancement and increase uncertainty.

Bitcoin tries to break important resistance

The price of the BTC is $ 84,581, just below the resistance of $ 85,000. Despite the failure to break this level, the asset should make a new attempt. A successful break and the transformation of this level into support could signal the beginning of a new phase of discharge.

The absence of a Death cross in exponential moving averages (emas) is a positive sign. If BTC breaks the $ 85,000, the next target would be $ 89,800 – indicating strong recovery.

On the other hand, if the BTC cannot maintain the $ 85,000 as a support, it can drop to $ 80,301, nullifying the outlook and generating new salesman pressure.

EOS reaches maximum several weeks

With a 30% increase in the last 24 hours, EOS was the best performance among altcoins. The advance is attributed to market improvement and expectation with brand restructuring, which will be renamed for Vaulta. This increased optimism and boosted purchase demand.

The rise allowed the EOS to break the cloud of Ichimoku, with the candles above the cloud – which signals the weakening of the sales pressure. Now at $ 0.80, EOS targets $ 0.84 as the next target.

If this resistance breaks, Altcoin may continue to go up. Otherwise, it can retreat to $ 0.76 or up to $ 0.66, invalidating the discharge perspective and returning to a consolidation scenario.