Crypto Market Cap Holds 200MA as Bulls Defend Crucial Support

  • ETF outflows highlight pressure on Bitcoin and Ethereum price stability.
  • Altcoin dominance rises, showing broader investor interest beyond Bitcoin.
  • Market cap tests 200MA support, key for sustaining bullish momentum.

The crypto market is testing crucial technical levels amid renewed volatility. Prices pulled back after recent gains, with Bitcoin and Ethereum recording declines. Market analysts stressed the importance of maintaining support zones to sustain momentum. 

Market Cap Holds at 200MA/EMA Support

Data shared by Daan Crypto Trades showed the total crypto market cap hovering near the 4-hour 200MA/EMA. The chart indicated that the market tested this level again following a pullback. 

Analysts noted that the overall structure remained bullish, though a breakdown below the 2024 highs could weaken the uptrend. Bulls were urged to defend this support to prevent a shift in sentiment.

The total market cap surged to $3.85 trillion, reflecting strength across the sector. Excluding Bitcoin, the market stood at $1.55 trillion, pointing to rising altcoin dominance. 

Source: Tradingview

Within this, altcoins accounted for $292.52 billion, while stablecoins represented more than $500 billion. Analysts highlighted multiple market cycles since 2017, with sharp rallies and corrections shaping the sector’s trajectory.

ETF Outflows and Daily Performance

CryptoRank reported large net outflows from major ETFs. Bitcoin ETFs recorded withdrawals of $122 million, while Ethereum ETFs saw $197 million leave the market. The total crypto market cap currently stands at $4.09 trillion, down nearly 1% in 24 hours.

Source: CryptoRank

Bitcoin traded at $114,897, marking a 0.49% decline. Ethereum slipped 0.82% to $4,231. Most large altcoins dropped between 1–3%, continuing the broad correction. 

Liquidations across the market reached $330 million during this period. The Fear & Greed Index registered at 56, placing sentiment in the “Greed” range despite short-term losses.

Among smaller tokens, ABET and BROCCOLI recorded notable gains during the session. In contrast, PEPE, SUI, and EGLD led the daily losers with declines. Market analysts said these mixed results highlighted uneven performance across altcoins despite overall sector growth.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.

Hot this week

Chainlink’s $LINK/USD: Strategizing the $26.00 Entry Point in Today’s Market

$26.00 identified as a safe entry point for $LINK/USD.Recent...

Bitcoin Holds Fragile $113K Support as Market Awaits Next Breakout or Breakdown

Bitcoin holds fragile $113K support after a sharp pullback, with $115,950 as key resistance. Short-term weakness contrasts with strong yearly gains, leaving the market at a critical turning point.

Kanye West’s $YZY Collapses 65% After $2B Market Cap Launch

Insider wallets secured huge profits before $YZY’s rapid market...

Ethereum Paired Against Bitcoin: Analyzing the Recent Trends

ETH/BTC is currently mid-range, with dips to 0.0323 seen...

While Ethereum Stalls, This Altcoin Is Exploding – Time to Make a Switch

Ethereum’s market performance has turned sharply lower in recent...

Topics

Chainlink’s $LINK/USD: Strategizing the $26.00 Entry Point in Today’s Market

$26.00 identified as a safe entry point for $LINK/USD.Recent...

Bitcoin Holds Fragile $113K Support as Market Awaits Next Breakout or Breakdown

Bitcoin holds fragile $113K support after a sharp pullback, with $115,950 as key resistance. Short-term weakness contrasts with strong yearly gains, leaving the market at a critical turning point.

Kanye West’s $YZY Collapses 65% After $2B Market Cap Launch

Insider wallets secured huge profits before $YZY’s rapid market...

Ethereum Paired Against Bitcoin: Analyzing the Recent Trends

ETH/BTC is currently mid-range, with dips to 0.0323 seen...

While Ethereum Stalls, This Altcoin Is Exploding – Time to Make a Switch

Ethereum’s market performance has turned sharply lower in recent...

Coinbase Holds $300 While Key Supports at $288 and $252 Remain in Focus

Coinbase holds above $300 as key supports at $288 and $252 define its next move. Will momentum extend to $340 or slip toward $220?

Alpha Airdrops Push Binance Wallet to 95% Crypto Swap Market Share

Binance Wallet secures 95% share, outperforming rival crypto wallets...

Avalanche AVAX Faces Critical Trendline Test Breakout or Breakdown Ahead

AVAX consolidates around $23, testing its ascending trendline from...
spot_img

Related Articles

Popular Categories

spot_imgspot_img