Why is the Crypto Market Up Today?

The total crypto market cap (TOTAL) rose slightly as the week started on a positive note with Bitcoin (BTC) also posting green. However, it was Worldcoin (WORLD) that stole the spotlight as it rose by 26% in the span of 24 hours, leading the altcoin.

In the news today:-

• A Chinese fintech company is reportedly in early talks with the Abu Dhabi–based Venom Foundation. The discussions underscore China’s growing interest in blockchain applications for cross-border payments, environmental tracking, and large-scale data processing.
• President Nayib Bukele celebrated Bitcoin Day in El Salvador with a symbolic 21 BTC purchase, sparking debate over its authenticity. The move comes amid IMF scrutiny and skepticism from citizens about the nation’s Bitcoin strategy.

The Crypto Market Rises

The total crypto market cap climbed $56 billion in the past 24 hours, now valued at $3.80 trillion. TOTAL remains under the $3.81 trillion resistance, a key level that traders are closely watching to determine whether momentum can be sustained in the short term.

Flipping the $3.81 trillion resistance into support will depend heavily on market conditions staying bullish. A continued influx of institutional inflows or positive macroeconomic sentiment could provide the market with strength.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Total Crypto Market Cap Analysis. Source: TradingView

However, if bearish conditions dominate, TOTAL may face renewed selling pressure, potentially dropping back to $3.73 trillion. Such a decline would weaken investor confidence, painting a negative outlook and suggesting further downside.

Bitcoin Remains Under Resistance

Bitcoin’s price is at $111,310, holding above the $110,000 support after nearly testing it 24 hours ago. BTC remains capped under the $112,500 resistance, leaving traders cautious as the crypto king struggles to break through key levels that could determine short-term momentum.

A successful breach of $112,500 and flipping it into support would clear the path for a rise to $115,000. Such a move could revive investor optimism, strengthening confidence that Bitcoin still has room to grow.

Bitcoin Price Analysis. Source: TradingView

However, if Bitcoin faces renewed selling pressure, it risks slipping back to $110,000 or lower to hit $108,000. This would invalidate the bullish outlook and erase recent gains.

Worldcoin Jumps 26%

WLD remains one of the best-performing altcoins of the day, rising nearly 26% in the last 24 hours. The token is currently trading at $1.21, sustaining strong momentum that has captured significant investor attention across the cryptocurrency market as volumes continue building.

If WLD secures $1.19 as a support floor, it could climb toward the $1.33 barrier in the coming days. Having already set a monthly high, the altcoin appears poised to extend growth, supported by strong bullish sentiment.

WLD Price Analysis. Source: TradingView

However, if investors take profits, WLD could fall through the $1.19 support level. This would open the possibility of a decline toward $1.11 or lower, invalidating the bullish outlook and signaling weakening confidence from holders.