The crypto market has carried its bullish momentum into another day, with both Bitcoin (BTC) and several altcoins extending their gains. A combination of strong buying activity, a resilient support floor, and renewed interest in certain tokens has helped push the market higher.
Market Capitalisation Holds Above $3.85 Trillion
The total value of all cryptocurrencies, also known as total market capitalisation, has grown by nearly 2% in the past 24 hours. This translates to an additional $64 billion flowing into digital assets, taking the market’s value to around $3.86 trillion.
Importantly, the market has now established a solid floor at $3.85 trillion. Analysts see this level as a key support zone. If prices continue to hold above this threshold, momentum could build further, with the next resistance zone likely appearing near $3.94 trillion.
On the other hand, should profit-taking increase or demand begin to slow, the market risks slipping back to test the $3.85 trillion level again. A failure to maintain this floor could open the way for a correction towards $3.73 trillion.
Bitcoin Pushes Higher Amid Strong Buying Activity
Bitcoin, the world’s leading digital asset, is currently trading at $112,842 after gaining around 1% in the last 24 hours. While the move may appear modest, it reflects ongoing demand that is keeping BTC above key support levels.
Technical indicators also suggest bullish activity. The Balance of Power (BOP) indicator, which measures the strength of buyers compared with sellers, remains positive. A positive reading means buyers are in control, and this trend continues to signal accumulation.
If buying pressure remains steady, Bitcoin could test the $115,764 resistance level in the coming sessions. However, analysts also note the possibility of a near-term pullback. Should profit-taking emerge, BTC may retest its closest support level at $111,920.
Cronos Extends Gains on Media Hype
One of the standout performers of the past two days has been Cronos (CRO). The token has surged strongly, outperforming the broader market and taking the top spot among gainers.
The rally is linked to speculation surrounding Trump Media & Technology Group (TMTG), the company behind the Truth Social platform. Reports suggest that TMTG is considering a strategy that involves billions of dollars’ worth of CRO tokens.
This link has fuelled renewed investor interest in Cronos, pushing its price higher. If momentum continues, CRO could challenge the $0.28 resistance level. However, any slowdown in demand might see the token slip back to $0.31, where short-term support is expected.
Market Outlook: Support Is Key
The current rally reflects a mix of strong buying interest, technical resilience, and positive sentiment surrounding specific tokens. For now, the total market capitalisation holding above $3.85 trillion is the key factor supporting this uptrend.
If this floor continues to act as a cushion, the market may attempt to climb toward $3.94 trillion in the near term. Bitcoin’s strength above $112,000 also helps maintain investor confidence, while speculative narratives around tokens like CRO add further fuel to the rally.
Still, caution remains essential. The crypto market is known for volatility, and any wave of profit-taking could trigger a correction. Traders and investors will be closely watching the $3.85 trillion support zone as the next decisive level.
