The total capitalization of the market of Cryptocurrencies (Totalcap) showed little growth today (4), but managed to avoid correction. Bitcoin (BTC) remains above $ 82,500 after failing to break the $ 85,000 barrier. Meanwhile, Cosmos (Atom) has taken advantage of low volatility and has a 13% increase in the last 24 hours.

In today’s news (4):

• The Ethereum Pectra Update is scheduled to reach Mainnet on May 7. The upgrade aims to resolve network congestion, high gas rates and improve interoperability between Ethereum’s execution and consensus layers.
• Arkham Intelligence on-chain data show that important Bitcoin ETF emitters are acquiring large amounts of BTC, with net inputs of US $ 220 million. Despite the recent volatility, institutional investors seem to be more confident in Bitcoin than in traditional financial markets.

The Crypto Market shows strength

The total capitalization of the cryptocurrency market is currently US $ 2.61 trillion, returning the earnings of the previous day. Despite the neutral action, the feeling among investors is still positive. The market is cautious, with a balance between growth potential and the risk of new falls.

If the total can be supported by a $ 2.61 trillion support, it could rise to $ 2.74 trillion. Breaking this resistance would make room for more gains, with the possibility of reaching $ 2.85 trillion.

However, if the $ 2.61 trillion support fails, Totalcap can retreat to $ 2.50 trillion. Below this level, new losses can occur, taking investors back to negative territory.

Bitcoin maintains key support

The price of Bitcoin is currently above the $ 82,503 support, but continues to have difficulties breaking the resistance of $ 85,000. This level is crucial for the BTC to resume the high impulse and mite the $ 90,000.

If current stability persists, Bitcoin can break the $ 85,000. A successful break can lead BTC to $ 86,822, a significant resistance maintained almost a month ago. This movement can generate a rally and increase the optimism in the market.

On the other hand, if Bitcoin loses the $ 82,503 support, the price may fall to $ 80,000. A break below this psychological level may indicate weakness, with possible fall up to $ 76,741. This scenario would increase sales pressure and negatively affect market feeling.

Cosmos records strong high

The price of Atom has risen 13.6% in the last 24 hours, being negotiated at $ 4.78, but is still arrested below the resistance of $ 4.95. This level has been a constant obstacle for over six weeks. Investors follow carefully to see if Atom will finally break this level.

If you can exceed US $ 4.95, Atom could advance up to $ 5.27. A break over $ 5.00 and the consolidation of support at US $ 4.95 would reinforce the gains, further encouraging the demand for the asset. This could mark the beginning of a more lasting high trend.

However, if the Atom fails to break the $ 4.95, the price may fall to $ 4.57 again, maintaining the lateralization standard. This failure would probably invalidate the optimistic perspective, causing investors to reevaluate their positions.