The crypto market is starting the week on a cautious note, with Bitcoin (BTC) holding steady while altcoins swing wildly. The total market cap has barely budged in the past 24 hours, but individual tokens are seeing sharp moves—most notably MYX Finance (MYX), which plunged more than 15% today.
Market Snapshot
- Global crypto market cap (TOTAL): $3.98 trillion, up just $3 billion in 24 hours
- Bitcoin (BTC): $115,534, consolidating near key support
- MYX Finance (MYX): Down 15% to $9.58, slipping below the $10 threshold
Bitcoin Holds Its Ground
Bitcoin remains relatively stable, trading at $115,534. For the bulls to take control, BTC must flip $116,096 into support before challenging resistance at $117,261.
Right now, BTC looks more likely to continue its sideways trend, ranging between $117,261 and $115,000. Analysts suggest this period of calm could give the market “breathing room” before the next big move.
If Bitcoin slips under $115,000, however, bears may drag the price toward $112,500, which would flip sentiment back to negative.
Altcoins Show More Volatility
The altcoin space remains the most volatile part of the market. MYX Finance (MYX) saw one of the steepest drops, plunging 15% in a single day to $9.58. Losing the $10 level adds to bearish pressure, raising the risk of a deeper correction.
If declines continue, MYX could test support at $5.85, a move that would mark a significant reset for the token. On the upside, reclaiming $10 as support could spark a recovery rally toward $14.46 resistance.
What’s Moving the Market?
Beyond price charts, several developments are shaping sentiment today:
- Fintech funding boom: Paris-based startup Finary raised €25 million in a Series B round led by PayPal Ventures, aiming to expand its crypto investment offerings and AI-powered wealth management tools.
- BlackRock’s crypto profits: The world’s largest asset manager has already pulled in more than $260 million annually from its digital asset products—mainly spot Bitcoin and Ethereum ETFs—making them some of its most profitable funds in under two years.
For now, the total crypto market cap is holding near $3.98 trillion. A push above $4 trillion could restore bullish momentum, while a dip below $3.94 trillion may test investor nerves.
In the short term, Bitcoin’s sideways action may keep the broader market in check, but altcoins like MYX show how quickly volatility can return.
