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The total crypto market cap (TOTAL) and Bitcoin (BTC) both noted a rise over the last 24 hours. The bullishness surrounding the new year is likely feeding the green candles across the market. Canton (CC) took the top spot among the altcoins, rising by 18% today.
In the news today:-
The total crypto market is nearing the critical point of $3.00 trillion after registering a $49 billion increase today. A bullish start to the week is likely owing to the optimism around the New Year 2026, feeding the rise.
A more solidified rise, however, depends on the market reclaiming the $3.00 trillion level and holding it as firm support. Breaking and sustaining this psychological mark would likely strengthen sentiment and encourage fresh inflows from investors.
TOTAL Price Analysis. Source: TradingView
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On the downside, weakness in buying pressure could reopen risks. A slip below $2.92 trillion may trigger further losses, with $2.85 trillion emerging as the next critical area where buyers are expected to step in.
Bitcoin is changing hands near $89,499 at the time of writing and continues to hold above the $88,210 resistance level. This level had restricted price advances earlier this month, and its shift into support suggests the market is finding a short-term footing.
To recover from recent pullbacks, Bitcoin must challenge the resistance around $90,308. A sustained buying spree is crucial to push BTC beyond this zone, which would likely reinforce bullish confidence and attract renewed interest.
Bitcoin Price Analysis. Source: TradingView
If demand fades, downside risks could resurface. A drop below $88,210 would weaken the current structure and shift attention to $86,247 as the next support area. Failing to defend both levels could increase selling pressure and deepen losses for Bitcoin holders.
CC price led the market today, surging 18.4% over the past 24 hours to trade near $0.134 at the time of writing. The sharp move positioned CC as the best-performing token of the day, reflecting strong short-term demand despite mixed broader market signals.
The altcoin is now attempting to establish $0.133 as a firm support level. Holding this zone would strengthen the bullish structure and open the path toward the $0.150 resistance. A successful breakout above that level would mark a new all-time high for CC.
CC Price Analysis. Source: TradingView
Bearish risk remains if investors begin locking in profits. Increased selling pressure could force CC below the $0.133 support. A confirmed breakdown may send price toward $0.118, erasing recent gains and invalidating the current bullish thesis.
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