The total crypto market cap (TOTAL) and Bitcoin (BTC) aren’t exactly rallying, but they have gained slightly over the past day. With the market’s volatility declining, altcoins are also observing increases. Virtuals Protocol (VIRTUAL) is leading the altcoins, rising by 17% over the last 24 hours.
In the news today:-
A CoinGecko report reveals that 2025 saw the worst year for dead crypto projects, with 1.8 million tokens collapsing in Q1 alone. The analysis suggests that market volatility during Trump’s presidency may have contributed to this high failure rate.
A report from the State Democracy Defenders Fund (SDDF) suggests that crypto could make up to 37% of Donald Trump’s wealth. Based on educated guesses, the study points to trading fees from his TRUMP token and World Liberty Financial’s two tokens as potential income sources.
The Crypto Market Needs To Rally
The total crypto market cap has risen by $12 billion in the last 24 hours, reaching $2.92 trillion. However, the market remains stuck just below the $2.93 trillion level, showing limited upward movement. As the market continues to struggle near this resistance, a significant breakout remains unlikely unless more bullish momentum emerges.
For the past nine days, the total crypto market cap has been fluctuating within the $2.93 trillion and $2.87 trillion range. This consolidation suggests a lack of strong directional movement, with no breakout expected unless market conditions turn more favorable in the near term.
Total Crypto Market Cap Analysis. Source: TradingView
If market conditions worsen, the crypto market could experience further declines. A fall through the $2.87 trillion support would make the market cap vulnerable to deeper losses. In such a scenario, the total crypto market cap could drop to $2.74 trillion, signaling continued market weakness and further uncertainty for investors.
Bitcoin Remains Rangebound
Bitcoin’s price has been consolidating between $95,761 and $93,625, currently trading at $94,798. This period of stability suggests Bitcoin is preparing for a potential breakout. A decisive move above the $95,761 resistance level could signal the start of a bullish trend, with the crypto king eyeing higher levels in the coming days.
To continue its upward trajectory, Bitcoin will need support from the broader market to reach $95,761. If successful, Bitcoin could target its next significant resistance at $98,000. A break above this level would further solidify its bullish outlook and attract additional investor interest.
Bitcoin Price Analysis. Source: TradingView
However, if Bitcoin loses the support of $93,625, it may face a decline toward $91,521. A drop below this critical level would invalidate the bullish thesis and suggest that further downward pressure could be on the horizon.
Virtuala Protocol Hits 2-Month High
VIRTUALS has gained 18% over the last 24 hours, making it the top-performing altcoin of the day. Trading at $1.63, VIRTUAL continues its upward trend, marking a ten-day-long incline. This impressive performance suggests strong investor interest and confidence in the token’s potential for further growth in the near term.
Currently, VIRTUAL is approaching the $2.00 mark, but it needs to hold the $1.59 support level to continue its ascent. Securing this level would provide the foundation for a push toward the $2.00 resistance, which remains the next key target for the altcoin.
VIRTUAL Price Analysis. Source: TradingView
If VIRTUAL experiences profit-taking, the altcoin could retreat from its 2-month high and fall to around $1.25 or lower. A drop below this level would invalidate the bullish outlook, signaling a potential trend reversal.
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