The total cryptocurrency market capitalization (TOTAL) is stabilizing, appearing to pause before resuming its momentum and choosing a direction. Bitcoin (BTC) remains stuck under a bearish trend, while Virtuals Protocol (VIRTUAL) records a decline of 6% at the time of writing.
Today's news:
Franklin Templeton has entered the Solana market with its own ETF, providing investors with direct exposure to the price of SOL. The company joins Grayscale, Fidelity, 21Shares, etc., reflecting a rapidly expanding institutional competition around Solana-based investment products.
Bitcoin mining profitability reached historically low levels by the end of 2025, as revenue related to hash rate collapsed and operating costs surged, pushing miners' payback periods beyond 1,200 days. With crushed margins, about 70% of large mining companies have turned to AI-dedicated infrastructures, marking a decisive transformation of the industry.
The crypto market is hanging in as best as it can
The total market capitalization of cryptocurrencies is down $39 billion today, now standing at $3.11 trillion while remaining above the support threshold of $3.09 trillion. This area remains essential to maintain short-term stability as investors reassess sentiment after the latest price pullback.
If market conditions deteriorate, TOTAL could lose the supports of $3.09 trillion and $3.05 trillion and drop towards $3.00 trillion. Growing skepticism could push traders to sell, increasing volatility and accentuating the correction on major assets.
If conditions improve, the price of TOTAL could rebound and break through the resistance of $3.16 trillion, which would open the way towards the threshold of $3.21 trillion. A renewed sense of confidence and stronger inflows would contribute to reinforcing the overall recovery.
Bitcoin awaits the opportunity for a breakthrough
The price of Bitcoin remains stuck under its established bearish trend, signaling uncertainty as traders watch for signals from the overall market to determine the direction. The next move of the king of cryptocurrencies heavily depends on macroeconomic conditions.
If market conditions deteriorate, Bitcoin could then fall below $91,521 and slide under $89,800 to test $86,822. Such a decline would threaten investor confidence and amplify short-term selling pressure, reinforcing the current bearish trend.
If bullish momentum strengthens, the price of Bitcoin could finally break its bearish trend and exceed $95,000 to head towards $98,000. A breakthrough above these levels would thus negate the bearish thesis and restore an upward structure.
The support of Virtual Protocols
The price of VIRTUAL has dropped by 6% over the last 24 hours, trading at $0.923 as the Parabolic SAR signals a persistent bearish trend. The altcoin remains under pressure, reflecting weakened sentiment and reduced buyer participation.
VIRTUAL holds above the support level of $0.916, but a stronger bearish push could push the price below this zone. A break would open the way towards $0.819, signaling larger losses and prolonging the current decline, with sellers maintaining control of the market.
If bullish momentum returns, VIRTUAL could then rebound from the $0.916 area and climb towards the psychological threshold of $1.00. A successful breakthrough above this barrier would then negate the bearish thesis and could propel the altcoin to $1.05.
