The total crypto market cap (TOTAL) and Bitcoin (BTC) faced correction over the last 24 hours owing to the rising greed and uncertainty among investors as to the direction of crypto tokens. Fartcoin (FARTCOIN) suffered the most among altcoins, falling by 24% over the past day.
In the news today:-
- Brazil’s National Data Protection Authority (ANPD) has ordered Tools for Humanity, the company behind the World ID project, to cease offering financial compensation for biometric data collection from its citizens starting January 25. The decision follows an investigation launched in November after the project’s debut in Brazil.
- BlackRock purchased $1 billion in Bitcoin this week, now holding 2.7% of the total BTC supply. Its spot Bitcoin ETF (IBIT) saw $1 billion in inflows within two hours, marking a strong recovery after earlier record outflows.
The Crypto Market Dips
The total crypto market cap dropped by $127 billion over the past 24 hours, bringing TOTAL to $3.40 trillion. This significant decline highlights the increased volatility across the market, driven by widespread sell-offs. The sharp drop has created uncertainty as investors assess the market’s next potential moves.
TOTAL is currently holding above the $3.28 trillion support level after losing $3.49 trillion support during the decline. Efforts to breach the $3.64 trillion resistance level were unsuccessful, contributing to the downturn. Maintaining $3.28 trillion as support is crucial to preventing further losses and stabilizing the market cap.

If TOTAL can reclaim the $3.49 trillion support level, it could pave the way for a recovery and attempt to breach $3.64 trillion. Achieving this would restore investor confidence and potentially drive new capital inflows. Market conditions in the coming days will be critical to determining this outcome.
Bitcoin Loses Key Support
Bitcoin’s price dropped by 3.19% in the last 24 hours, bringing the cryptocurrency to $101,399. The recent decline followed BTC’s inability to close above the critical $105,000 resistance level over the weekend. This downward trend highlights the challenges Bitcoin faces in sustaining bullish momentum.
With selling pressure persisting, Bitcoin may test the support at $100,000, which is a critical psychological and technical level. Losing this support could lead to a sharper decline, erasing recent gains and potentially creating more market uncertainty.

If broader market conditions improve and selling pressure subsides, Bitcoin could stage a recovery. A bounce back would allow BTC to reclaim $105,000 as a support level, reigniting bullish momentum. This scenario could restore investor confidence and pave the way for Bitcoin’s continued upward trajectory.
Fartcoin Could Lose $1
FARTCOIN has emerged as the worst-performing asset among the top 100 cryptocurrencies, experiencing a 24% decline over the past 24 hours. This sharp drop has raised concerns among investors as the meme coin struggles to sustain its value amid heightened volatility and selling pressure across the market.
Currently trading at $1.01, FARTCOIN is at risk of falling below the critical $1.00 mark. The next significant support level stands at $0.69, making it a potential target if the sell-off continues.

For FARTCOIN to recover, it must reclaim the $1.54 resistance level. Achieving this would create a pathway to form a new all-time high beyond $2.74. Rebounding to this level would invalidate the bearish outlook and restore investor confidence in the token’s potential for a resurgence.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Discover more from Realwinner Tips
Subscribe to get the latest posts sent to your email.