The total crypto market cap (TOTAL) registered a $21 billion rise over the last 24 hours. Bitcoin (BTC) rose to $88,703, still awaiting stronger cues to rise to $90,000. DoubleZero (2Z) shone among the altcoins, rising by 9%.
In the news today:-
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Trust Wallet confirmed a security incident affecting version 2.68 of its browser extension after users reported funds being drained, with estimated losses exceeding $6 million. The wallet provider urged users to upgrade to version 2.69 after identifying the issue.
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Uniswap governance approved the UNIfication proposal with 99.9% support, activating the long-awaited fee switch. The change redirects a portion of protocol fees to burn UNI tokens, creating a deflationary mechanism tied to platform usage.
The total crypto market cap now stands at $2.95 trillion, reflecting a $21 billion increase over the past day. This rise suggests the market may be finding short-term balance after recent volatility. If demand remains steady, Bitcoin could post modest advances in the immediate future.
A more durable rebound, however, depends on the market reclaiming the $3.00 trillion level and holding it as firm support. Breaking and sustaining this psychological mark would likely strengthen sentiment and encourage fresh inflows from investors.
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On the downside, weakness in buying pressure could reopen risks. A slip below $2.92 trillion may trigger further losses, with $2.85 trillion emerging as the next critical area where buyers are expected to step in.
Bitcoin is changing hands near $88,703 and continues to hold above the former ceiling at $88,210. That level had restricted price advances earlier this month, and its shift into support suggests the market is finding a short-term footing.
To recover from recent pullbacks, Bitcoin must challenge the resistance around $90,308. A sustained move beyond this zone would likely reinforce bullish confidence and attract renewed interest.
If demand fades, downside risks could resurface. A drop below $88,210 would weaken the current structure and shift attention to $86,247 as the next support area. Failing to defend both levels could increase selling pressure and deepen losses.
2Z led the altcoin market despite weak bullish signals, rising 9.66% in the last 24 hours. At the time of writing, the token traded near $0.124, reflecting renewed buying interest. The move positioned 2Z as the day’s top performer amid cautious broader market conditions.
