Why Is the Crypto Market Up Today?
In Brief
- The total crypto market cap surged by $77 billion to $3.49 trillion; holding this level could push it toward $3.64 trillion, while losing it risks a drop to $3.28 trillion.
- Bitcoin closed above $100,000 for the first time in three weeks, targeting $105,000 support; losing momentum risks a retreat below $100,000.
- Worldcoin rose 6.8% to $2.57, breaching $2.55 resistance; holding this level could target $2.92, while a drop risks consolidation near $2.17.
The total crypto market cap (TOTAL) and Bitcoin (BTC) had a good run over the past day as the latter reclaimed its spot above the $100,000 mark. While the impact of the same was not overtly bullish on the altcoins, Worldcoin (WLD) still managed to post a near 7% rise.
In the news today:-
- Gemini settled a 2022 CFTC lawsuit by paying a $5 million fine without admitting wrongdoing over Bitcoin price manipulation claims. The Winklevoss twins’ legal issues could complicate industry calls for the CFTC to regulate crypto over the SEC.
- MicroStrategy acquired $101 million in Bitcoin, marking a significant reduction from its previous multi-billion-dollar purchases. Founder Michael Saylor has not addressed the decline in acquisition scale in his public statements.
The Crypto Market Recovers
The total crypto market cap surged by $77 billion, reaching $3.49 trillion, which now serves as a critical support level. This growth reflects optimism in the market, as investors show confidence in a broader recovery across cryptocurrencies.
A bounce from the $3.49 trillion support could push the total market cap toward $3.64 trillion. Such a rise would extend the ongoing recovery, solidifying bullish sentiment and setting the stage for further upward momentum in the coming days.
However, losing the $3.49 trillion support could lead to a drop to $3.28 trillion. This decline would invalidate recovery hopes, potentially triggering broader market corrections and reducing investor confidence.
Get to know Godleak
Godleak crypto signal is a service which provide profitable crypto and forex signals for trading. Godleak tried to provide you signals of best crypto vip channels in the world.
It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.
Godleak crypto leak service have multiple advantages in comparision with other services:
- Providing signal of +160 best crypto vip channels in the world
- Using high tech bot to forward signals
- Without even a second of delay
- Joining in +160 separated channels on telegram
- 1 month, 3 months , 6 months and yearly plans
- Also we have trial to test our services before you pay for anything
For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features
Join for Free
☟☟☟☟☟
https://t.me/Godleakbot
Also you can check the list of available vip signal channels in the bot. by pressing Channels button.
 
Bitcoin Reclaims Its Rightful Spot
Bitcoin’s price rose by 3.2% in the last 24 hours, reaching $101,569 and closing above $100,000 for the first time in three weeks. This breakout marks a key milestone, bolstering investor confidence in the cryptocurrency’s ability to maintain its upward trajectory in the coming days.
The next target for Bitcoin is to breach and flip $105,000 into a support level. Achieving this milestone could enable BTC to approach its all-time high of $108,384, marking a significant recovery after weeks of consolidation and subdued market momentum.
While an immediate drawdown seems unlikely, any decline could push Bitcoin below $100,000, sparking investor panic. Such a loss of support might delay further recovery efforts and place the crypto king in a vulnerable position, eroding recent gains.
Worldcoin Is Noting Gains
Worldcoin (WLD) emerged as the top-performing altcoin in the last 24 hours, rising 6.8% to close at $2.57. This marked a significant milestone as the cryptocurrency breached the critical resistance level of $2.55, setting the stage for potential upward momentum in the coming days.
If WLD manages to bounce off $2.55 and maintain its support, the altcoin could rally further toward $2.92. This next resistance level represents a key barrier that, if breached, could sustain the bullish momentum and encourage more investor confidence in the market.
However, if profit-taking ensues, WLD could drop below $2.55, invalidating the bullish outlook. A fall to $2.17 would erase recent gains and put the cryptocurrency back in a consolidation phase, deterring further upward movement.
