Total capitalization of the Cryptocurrency Market (Totalcap) is up to the rise, with an increase of US $ 38 billion in the last 24 hours. Bitcoin (BTC) follows the movement, seeking to consolidate above the $ 86,800 support. Among the Altcoins, Cronos (CRO) stood out as the best performance of the day, up 30%.
In today’s news (25):
Dogecoin Foundation has announced the creation of “Dogecoin Reserve Official”, with an initial purchase of $ 1.8 million in Dogecoin. The action, made in partnership with House of Doge, aims to demonstrate the potential of Dogecoin as a means of efficient transactions.
Trump Media and Crypto.com have announced a partnership to launch ETFs based on Cronos, Bitcoin and other actives, still pending approval of SEC. The agreement is non -binding, and the funds depend on regulatory approval to advance.
Crypto market continues its recovery
The total capitalization of the cryptocurrency market rose to US $ 2.80 trillion, exceeding the resistance of US $ 2.75 trillion and now testing this level as a support. The next relevant resistance is $ 2.93 trillion. If surpassed, Totalcap can approach the $ 3 trillion mark.
On the other hand, if there is reversal, Totalcap may fall below $ 2.75 trillion and retreat up to $ 2.61 trillion, nullifying part of recent gains.
Bitcoin seeks stability and advancement
Bitcoin is being negotiated at $ 86,854, supporting its support at $ 86,822. If this level is maintained, the BTC can advance towards $ 89,800, which could trigger a new wave of appreciation.
However, a salesman pressure from investors looking for quick profits can lead the BTC to lose support and fall to $ 85,000 or up to $ 82,761.
Kronos fires after ETF announcement
CRO rose almost 30%, being negotiated at $ 0.104, driven by the news of the possible creation of a Crypto.com ETF with Trump Media. The announcement encouraged investors and raised demand for Altcoin.
CRO seeks to break the resistance at $ 0.108. If you get it, you can follow the short term appreciation. Otherwise, a drop below $ 0,100 may lead to $ 0.094, which would invalidate the current optimistic perspective.
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