Why Is The Crypto Market Up Today?

The total crypto market cap bounced 1.63% on March 30, recovering to 2.30 trillion after Sunday’s sharp flush to the 2.25 trillion floor. Bitcoin led the recovery, dragging governance token DeXe (DEXE) up 14.06% to $8.169.

The move puts DEXE directly at a Fibonacci decision point. How Bitcoin closes this daily candle determines whether the rally continues or stalls at the first meaningful wall.

In the news today:-

• Strategy appears to have broken its 13-week Bitcoin buying streak after Executive Chair Michael Saylor skipped his usual Sunday “Orange Dot” tracker post, instead promoting the company’s preferred stock. A Monday 8-K filing will confirm whether the pause was real or whether a quiet purchase was made without the customary announcement.
• Iran’s Parliament Speaker Mohammad Bagher Ghalibaf posted on X urging followers to trade against Trump’s pre-market energy announcements, calling them a reliable “reverse indicator.” The comment underscored a broader collapse of Wall Street’s dip-buying instinct as genuine geopolitical risk made contrarian plays increasingly unpredictable.

The Crypto Market Shows Recovery

The total crypto market cap closed March 30 at $2.3 trillion, up 1.63% on the day, recovering from the March 29 low that dipped down toward the $2.25 trillion support. The current candle is building above that level, suggesting demand is stepping in.

A hold above $2.25 trillion opens a move toward the $2.32 trillion resistance, and reclaiming that level would confirm bulls are back in control. The $2.37 trillion level is the next meaningful target after that.

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TOTAL Crypto Market Cap Analysis. Source: TradingView

If the daily candle closes below $2.25 trillion, the recovery thesis weakens. A sustained break lower exposes $2.19 trillion, which is the lower boundary visible on the chart.

Bitcoin Breaks Back Above Trendline After Sunday’s Reversal

Bitcoin is trading at $67,216, up 1.83% on the day, sitting below the $68,830 resistance after breaking below the ascending trendline support from late February. Price has been ranging between $65,887 and $68,830 for several sessions, compressing into a decision zone.

A reclaim of $68,830 on a daily close would shift momentum back to bulls, targeting $70,000 and then $72,294. The rising trendline, currently near the $67,000 zone, may provide near-term dynamic support.

Bitcoin Price Analysis. Source: TradingView

A daily close below $65,887 invalidates Bitcoin’s recovery setup and brings $62,893 into scope as the next major structural support.

Dexe Notes a Jump

DeXe is trading at $8.169, up 14.06% on the day, closing above the 0.382 Fibonacci retracement at $8.208. The daily candle is testing this level as the price attempts to establish it as new support after a strong push from the $6.764 base.

The 0.618 Fibonacci level at $9.100 is the immediate target if $8.208 holds. Above that, the 1.0 extension at $10.544 becomes the measured upside objective, representing the full retracement recovery.

DEXE Coin Price Analysis. Source: TradingView

Failure to hold $8.208 on a daily close sends DEXE back toward the 0.236 level at $7.656. A breakdown below $6.764 would fully invalidate the current bullish structure.