Why Is The Crypto Market Up Today?

The crypto market cap (TOTAL) registered the first actual rebound after nearly 2 weeks as the market conditions improved. Bitcoin (BTC) is maintaining its position above a crucial support, while Axie Infinity (AXS) is leading the altcoins with a 27% rise. In the news today:- Coinone denied reports of talks to sell a stake to Coinbase, dismissing speculation of a renewed US push into South Korea’s crypto market. The response highlights ongoing regulatory barriers that continue to limit foreign exchange expansion despite consolidation among local platforms. A UK Cryptoasset Business Council survey found that major banks block or delay about 40% of payments to crypto exchanges, sharply restricting access. Exchanges report rising payment failures, with the UK now among the most difficult markets globally for crypto banking access. The Crypto Market Paints Green The total crypto market cap rose by $75 billion over the past 24 hours, reaching $2.96 trillion at the time of writing. The rebound follows signs of selling pressure exhaustion, suggesting short-term stabilization. Improving sentiment has encouraged buyers to re-enter, supporting a gradual recovery across major digital assets. Sustained momentum could push TOTAL toward the $3.00 trillion resistance level. A successful reclaim would likely flip this psychological barrier into support. If confirmed, the broader crypto market could extend gains toward $3.05 trillion, reflecting renewed confidence and stronger participation from both retail and institutional investors. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. TOTAL Price Analysis. Source: TradingView Recovery remains fragile if follow-through weakens. Failure to sustain buying interest could trigger renewed profit-taking. Under that scenario, TOTAL may retreat toward the $2.92 trillion support zone or lower, signaling hesitation and delaying a more durable market-wide recovery. Can Bitcoin Bounce Back? B...