The total crypto market cap (TOTAL) and Bitcoin (BTC) improved slightly over the last 24 hours after suffering losses for days. Altcoins shared this outlook with Pump.fun (PUMP) leading the growth, having risen 11% today.
In the news today:-
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- Japan’s Financial Services Agency is considering regulatory reforms to allow banks to invest in cryptocurrencies like Bitcoin. The proposal, which aims to maintain financial stability, will be reviewed by the Financial Services Council in an upcoming meeting.
- OpenSea CEO Devin Finzer announced that the SEA token will launch in early 2026 with full ecosystem integration. Half of OpenSea’s revenue will fund SEA buybacks, while users can stake tokens to support collections and projects.
The Crypto Market Shows Hope
The total crypto market cap increased by $54 billion after a week-long decline, now standing at $3.61 trillion. This rebound from the $3.56 trillion support level indicates renewed optimism among investors.
If the bullish momentum extends into next week, the crypto market could reclaim higher levels. TOTAL may rise to $3.67 trillion and potentially recover to $3.73 trillion, offsetting last week’s losses.
Sustained inflows, combined with easing macroeconomic pressure, could further reinforce the broader uptrend across major digital assets.
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However, a failure to maintain the $3.56 trillion support could trigger renewed selling. If bearish cues dominate, TOTAL might decline to $3.49 trillion, marking a short-term correction phase. A drop below this level would reflect waning investor confidence.
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Bitcoin Attempts Recovery
Bitcoin’s price bounced off the $105,585 support this week, climbing to $107,594 at the time of writing. The crypto king is now nearing a crucial resistance level, signaling potential volatility ahead.
The next major resistance for Bitcoin sits at $108,000. Turning this level into support is essential for the crypto king to continue its recovery. Successfully breaching it could set Bitcoin on a bullish trajectory toward $110,000, potentially restoring confidence.
However, if Bitcoin loses the $105,585 support, bearish momentum could return quickly. A failure to hold this line might trigger further declines toward $105,000 or lower, invalidating the bullish outlook.
Pump.fun Aims At Rising Further
PUMP price is up 11% in the last 24 hours, trading at $0.0039 at press time. The altcoin is currently testing the key resistance of $0.0040.
If bullish momentum continues, PUMP could break through the $0.0040 resistance level and rally toward $0.0047. Such a move would reinforce positive market sentiment, potentially attracting new traders.
However, if buying pressure weakens, PUMP price could retreat below $0.0037 and fall to $0.0034. Losing this critical support level would confirm a bearish reversal, signaling waning investor confidence and invalidating the short-term bullish outlook for the altcoin.
