0
0
The crypto market cap has climbed to $3.11 trillion at press time, rising 3.5% from yesterday’s low and adding about $107 billion in value. The move comes after Bitcoin defended the $90,000 support, avoiding a daily close below it and helping the market push higher.
Bitcoin is up 2.3% on the day, ahead of other majors. Sentiment also firmed as fresh headlines — from a major sentencing in the Terra case to new institutional steps on Solana — kept broader attention on the market.
In The News Today:-
The total crypto market cap (including BTC) sits near $3.11 trillion today. TOTAL has climbed 3.56% from yesterday’s low, adding about $107 billion back into the market. This move keeps the chart steady above $3.01 trillion, a support level that has held since December 5.
The market cap faces near-term resistance at $3.24 trillion, but the chart shows something important. Before testing that zone, the market may need a clean daily close above $3.17 trillion, which has acted as a ceiling over the past week. A break above $3.17 trillion would confirm buyer strength and open the path to $3.24 trillion.
TOTAL Price Analysis: TradingView
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
A key driver of this recovery is Bitcoin holding the $90,000 support after briefly dipping under it. When Bitcoin stabilizes at major levels, the total market cap often follows courtesy of high dominance, which seems to be happening today.
Right now, the market leans cautiously bullish. Holding $3.01 trillion and reclaiming $3.17 trillion are the levels that decide whether the rebound continues toward $3.24 trillion next.
Bitcoin’s strength is one of the main reasons the total market cap held steady above $3.01 trillion. Bitcoin is up a little over 2% in the past 24 hours and has reclaimed $92,400 after dipping under it briefly.
The next test lies ahead. Bitcoin needs a 3.6% push to reach $95,700, which is the most important near-term level on the chart. This level was lost on November 14, and Bitcoin has not been able to reclaim it cleanly since. A daily close above $95,700 would shift the tone from cautious to bullish and give Bitcoin its first real structure improvement in weeks.
What helps this setup is the Bull Bear Power indicator. This indicator measures whether buyers or sellers have more strength by comparing the price to average drawdowns. As Bitcoin moves closer to its resistance, the indicator is turning green again, which means buyers still have an edge while the price sits only 3.6% below the breakout zone.
Bitcoin Price Analysis: TradingView
On the downside, $90,000 remains the key support. If it fails, the next support sits at $88,200, where buyers have stepped in before. A deeper invalidation only comes if Bitcoin falls toward $80,500, but the chart remains constructive as long as it stays well above that region.
While Bitcoin is up a little over 2% and Ethereum is up just above 1%, Zcash has taken the spotlight. It is one of the strongest performers in the top 100 today, rising more than 12% in the past 24 hours. This continues its unusual run. Zcash has gained over 800% in the past three months, putting it far ahead of the broader crypto market.
Zcash is now pushing toward an important level. The price trades near $455, and the first major test sits at $470. That level was lost on November 28, and Zcash has failed to reclaim it since. A daily close above $470 would show clear strength and open the way toward $547. That’s a zone where sellers have appeared several times.
If momentum stays strong, the next larger target is $736. It has been the ceiling for every major rally this year.
Zcash Price Analysis: TradingView
For the bullish structure to stay firm, the Zcash price needs to hold above $423 on shorter pullbacks. A deeper retest toward $389 remains acceptable still. But losing that level weakens the setup and raises the risk of a drop toward $302.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
