Why is the Crypto Market Up Today?

Total crypto market cap gained $16.25 billion, bouncing from $3.89 trillion support but capped under $3.94 trillion.
Bitcoin holds above $117,261 support, targeting $120,000 if investor momentum persists.
OKB surged 25% to $116, edging closer to $143 resistance, with profit-taking risks at $105.
The total crypto market cap (TOTAL) and Bitcoin (BTC) are posting a green candle, albeit noting minimal gains. However, this did bring a bullish impact on altcoins with OKB leading them with a 25% rise in the last 24 hours.
The total crypto market cap (TOTAL) and Bitcoin (BTC) are posting a green candle, albeit noting minimal gains. However, this did bring a bullish impact on altcoins with OKB leading them with a 25% rise in the last 24 hours.
The Crypto Market Finds Support
The total crypto market cap added $16.25 billion in the past 24 hours, bouncing back from the $3.89 trillion support level. While modest given the market’s scale, the move highlights continued resilience in digital assets despite broader uncertainty, signaling cautious optimism among traders and investors.

TOTAL remains capped under the $3.94 trillion mark, limiting upward momentum. A decisive breach of this barrier is required for the market to build strength and potentially push toward $4.01 trillion.

If bearish pressure returns, the total crypto market cap could test $3.89 trillion support again. A breakdown below this threshold risks a decline to $3.81 trillion, erasing recent gains.

Bitcoin Aims To Bounce Back
Bitcoin price is holding above the support level of $117,261, showing signs of resilience despite limited upward momentum. For the cryptocurrency to maintain this position, investor participation will be crucial.

The next major resistance for Bitcoin stands at $120,000, a psychological barrier that will test investor conviction. To approach this level, the asset must successfully bounce from the $117,261 support.

However, if investor confidence falters, Bitcoin could lose momentum and slip below its current support. Such a downturn may extend losses toward $115,000, reinforcing bearish sentiment in the market.

OKB Continues Its Rise
OKB price emerged as the top-performing altcoin of the day, soaring 25% within 24 hours and surpassing the $105 resistance. This sharp rally highlights renewed investor interest, supported by rising trading volumes.

At press time, OKB is trading at $116, edging closer to the $143 resistance. A decisive move above this level would return the altcoin to its previous all-time high, while any rise beyond could establish a new record.

However, if OKB holders decide to secure profits, the price may fall back below the $105 support. A breakdown from this zone could extend losses toward $77, signaling weakened confidence. This would invalidate the bullish outlook.
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