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Why Is The Crypto Market Up Today?
Yahoo Finance· 2025-10-03 03:01
Market Overview - The total crypto market cap has shown minimal growth, increasing by $3 billion to reach $3.82 trillion, indicating ongoing uncertainty as investors await stronger momentum [1] - A crucial support level for the total market cap is at $3.81 trillion, with a potential rebound pushing towards $3.89 trillion, signaling recovery [2] - If bearish momentum increases, the market could slide below the $3.81 trillion support, potentially falling to $3.73 trillion [4] Bitcoin Analysis - Bitcoin's price has seen little growth, gaining less than 1% and currently trading at $112,764, reflecting broader market uncertainty [5] - Bitcoin has secured $112,500 as a critical support level, which is essential for its short-term outlook; holding this level could allow it to push towards the $115,000 resistance [6] - If Bitcoin faces renewed bearishness, it could slide below $112,500, extending losses towards $110,000, which would invalidate the bullish outlook [7] Altcoin Performance - Flare has emerged as the best-performing altcoin, rising 15.5% in the last 24 hours and currently trading at $0.027, indicating renewed investor interest [8] Corporate Developments - Jiuzi Holdings surged 55.5% in premarket trading after announcing a $1 billion investment plan in Bitcoin, Ethereum, and BNB, along with a risk oversight framework to enhance competitiveness in China's New Energy Vehicle market [3]
Why Is Crypto Down Today? – September 15, 2025
Yahoo Finance· 2025-09-15 11:29
Market Overview - The cryptocurrency market capitalization has decreased by 0.4%, now standing at $4.15 trillion, with a total trading volume of $130 billion [1][2] - Among the top 100 coins, 14 have shown positive performance, while most have declined over the past 24 hours [2][3] Key Performers - Bitcoin (BTC) is the only coin in the top 10 that has appreciated, up 0.5% to $116,309, while Ethereum (ETH) has decreased by 0.6% to $4,642 [2][3] - Monero (XMR) leads the gains among the top 100 coins, increasing by 5.4% to $303, while Worldcoin (WLD) has experienced the largest drop of 8% to $1.59 [4] Market Sentiment and Predictions - Positive sentiment among investors has increased, with expectations of a powerful Q4 rally, despite potential volatility and consolidation in September [2][6][7] - Alex Thorn from Galaxy Digital suggests that the U.S. may soon launch a Strategic Bitcoin Reserve, which could significantly impact market dynamics [5] Future Outlook - Analysts believe that the current market cycle has not reached its peak, indicating substantial upside potential ahead [6][7] - Structural factors such as falling rates and bullish derivatives markets support the notion that the bull run is not over [7]