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The total crypto market cap (TOTAL) and Bitcoin (BTC) stood mildly bearish over the last 24 hours, owing to a generally negative sentiment. MYX Finance (MYX) took the biggest hit among altcoins, falling by 11% and slipping below $3.00.
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The total crypto market cap has declined by $11 billion in the past 24 hours, now standing at $2.87 trillion. Market sentiment remains mildly bearish, reflecting cautious positioning among investors. Limited risk appetite is keeping prices subdued as participants assess macroeconomic and equity market signals.
TOTAL is consolidating around the $2.87 trillion level, testing it as both resistance and support. This range suggests uncertainty. If selling pressure intensifies, the market cap could retreat toward $2.80 trillion, exposing broader losses and reinforcing short-term downside risks.
TOTAL Price Analysis. Source: TradingView
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Improved sentiment could shift momentum higher. Flipping $2.87 trillion into firm support would signal stabilization. Such a move may allow TOTAL to advance toward the $2.93 trillion resistance.
Bitcoin is trading near $86,168 as it searches for stronger buying interest after last week’s decline. Weak hands continue to limit recovery attempts. Cautious sentiment and low conviction among short-term traders are keeping BTC from regaining upward momentum.
Downside risks appear contained for now. The $84,698 support has been tested previously and held, reducing the likelihood of a deeper breakdown. This level may act as a stabilizing zone, helping Bitcoin preserve its current range amid broader market uncertainty.
BTC Price Analysis. Source: TradingView
A recovery depends on renewed investor demand. Flipping $86,361 into support would be a key signal of strength. Such a move could open the path toward $90,401, invalidating the bearish outlook and restoring confidence in Bitcoin’s short-term price structure.
MYX recorded the steepest decline among major altcoins, falling 11% in the past 24 hours. The token is trading near $2.95, remaining below the $3.05 resistance. Heavy selling pressure reflects deteriorating sentiment and limited buyer participation under current market conditions.
Technical indicators point to continued downside risk. The Parabolic SAR confirms a strengthening downtrend. If pressure persists, MYX could slide toward the $2.80 support. A breakdown below this level may expose $2.65, increasing losses and reinforcing short-term bearish momentum.
MYX Price Analysis. Source: TradingView
A recovery remains possible if sentiment improves. Holding $2.80 could attract dip buyers. A successful rebound and breakout above $3.05 would invalidate the bearish outlook. This would signal renewed demand and the potential for trend stabilization across the altcoin market.
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