The crypto market has extended its positive momentum, with total market capitalisation climbing nearly 2% in the past 24 hours. Bitcoin continues to provide stability, while Cronos (CRO) once again takes the spotlight as the strongest performer. Market sentiment remains bullish, though caution persists around profit-taking and potential corrections.

Total Market Cap Holds Above $3.85 Trillion

The overall digital assets market has grown by $64 billion in just one day, bringing total market capitalisation (TOTAL) to $3.86 trillion. This marks an important milestone, as the market successfully defended the $3.85 trillion support floor that was recently established.

Holding above this level signals strong buy-side interest, with traders confident in the market’s momentum. Analysts suggest that if this floor remains firm, TOTAL could move higher toward the next resistance point of $3.94 trillion.

However, market dynamics remain fluid. A drop in demand or a wave of profit-taking could cause TOTAL to re-test the $3.85 trillion zone. A failed retest could trigger a deeper decline, possibly pushing the market toward $3.73 trillion.

Bitcoin Maintains Position Above $112,000

Bitcoin (BTC), the leading cryptocurrency, is trading at $112,842 at the time of writing. This reflects a modest 1% increase over the past 24 hours. Though the gains are small compared with altcoins, BTC’s stability plays an important role in maintaining overall market confidence.

The Balance of Power (BOP) indicator for Bitcoin remains in positive territory, suggesting buyers are currently stronger than sellers. This indicator measures market sentiment by comparing buy and sell pressure, and a positive reading points to ongoing accumulation.

If this momentum continues, BTC could rise toward the $115,764 level. On the downside, a profit-taking phase may push the coin back to its immediate support at $111,920.

Cronos Extends Rally on Trump Media Speculation

Cronos (CRO) continues to dominate the market as the top gainer for the second consecutive day. The coin’s strong performance is tied to speculation around Trump Media & Technology Group (TMTG), the company behind Truth Social. Reports suggest TMTG is considering a strategy involving billions of dollars in CRO tokens, fuelling renewed investor interest.

This narrative has given CRO a clear edge over other altcoins, with its price showing resilience and momentum. If demand remains strong, CRO could push towards reclaiming the $0.28 mark. Conversely, slowing momentum might see the token test short-term support near $0.31.

Market Outlook: Momentum with a Note of Caution

The crypto market’s resilience above its new support floor reflects confidence among traders and investors. Bitcoin’s steady performance continues to underpin overall sentiment, while speculative plays such as CRO highlight the appetite for risk in the current market environment.

Still, risks remain. A potential slowdown in buying activity or increased profit-taking could quickly shift momentum, leading to corrections across both Bitcoin and altcoins. Market participants will be watching closely whether TOTAL can maintain its position above $3.85 trillion in the days ahead.

In summary, the current rally demonstrates that buyers are still driving momentum in the market. If key support levels hold, cryptocurrencies could see further upside in the near term.