Crypto Market Stalls Near $2.93 Trillion as Bitcoin and VIRTUAL Test Key Levels

The total cryptocurrency market cap rose by $12 billion in the past 24 hours, reaching $2.92 trillion. However, it continues to face strong resistance near the $2.93 trillion level, showing limited momentum for a breakout. For the last nine days, the market has remained in a tight range between $2.87 trillion and $2.93 trillion, signaling ongoing consolidation and uncertainty in overall direction.

Without a surge in bullish sentiment, the likelihood of a breakout remains low. A drop below the $2.87 trillion support could open the door to a deeper pullback toward $2.74 trillion, adding further pressure and increasing investor caution.

Bitcoin remains rangebound, trading at $94,798 between key levels of $93,625 and $95,761. A breakout above $95,761 could spark fresh bullish momentum, with $98,000 as the next target. However, failure to hold the $93,625 support could lead to a decline toward $91,521, which would challenge the bullish scenario and potentially trigger more downside.

Meanwhile, VIRTUALS (VIRTUAL) surged 18% in the last 24 hours, reaching $1.63 and becoming the day’s top-performing altcoin. The token has now posted a ten-day rally and is eyeing the $2.00 resistance. Maintaining support at $1.59 is critical for continued gains. A breakdown could send prices back to $1.25 or lower, marking a potential trend reversal.

With market conditions still uncertain, traders are watching closely for signs of stronger momentum. Both Bitcoin and VIRTUAL sit at pivotal levels that could determine short-term market direction.