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The total crypto market cap (TOTAL) and Bitcoin (BTC) are observing a mild increase in the last 24 hours. Zcash (ZEC) led most of the altcoins in noting a rise, marking a 5% rise over the past day.
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The total crypto market cap has risen by $69 billion in the past 24 hours, reaching $3.08 trillion. TOTAL bounced off the $3.00 trillion support level, which continues to anchor broader market stability.
If this psychological support holds, TOTAL could move higher and break above $3.09 trillion. This would push TOTAL to target $3.16 trillion and potentially $3.21 trillion as momentum builds across major assets.
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Total Crypto Market Cap Analysis. Source: TradingView
However, if bullish sentiment weakens and TOTAL loses the $3.00 trillion floor, the market may retrace toward $2.93 trillion. A drop to this level would invalidate the bullish thesis.
Bitcoin’s price has noted a slight uptick in the last 24 hours, trading at $91,596 at the time of writing. The crypto king continues to struggle under the downtrend that has been active since the end of October, which has capped upward movement throughout the week.
A shift in momentum will depend on stronger investor support. If buyers step in, Bitcoin could reclaim $91,521 as support and advance toward $95,000 in the coming days, marking a potential recovery from recent stagnation.
Bitcoin Price Analysis. Source: TradingView
However, if market conditions turn bearish, Bitcoin may retreat toward the $86,822 support level. A drop below this support would invalidate the bullish thesis and expose BTC to deeper downside risk.
ZEC is up 5 percent in the past 24 hours and is trading at $359 while holding above the $340 support level. The altcoin is attempting a recovery after steep losses and is showing early signs of strengthening momentum.
For ZEC to extend its rise, it must flip $403 into support and continue toward $442. The Ichimoku Cloud signals strong bullish momentum, suggesting favorable conditions for a sustained move higher if buyers remain committed.
ZEC Price Analysis. Source: TradingView
If investor support weakens, however, ZEC could lose the $340 and $300 supports, sending the price sharply lower. A break below $300 would invalidate the bullish thesis and expose ZEC to a deeper decline toward $260.
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