The total cryptocurrency market capitalization (TOTALCAP) and Bitcoin are seeing a rather slow day today (26). Despite these conditions, Bitget Token (BGB) managed to continue its uptrend and chart a new all-time high.
In today's news:
Floki is partnering with an undisclosed asset manager to launch a memecoin exchange-traded product (ETP) in Europe by early 2025, pending approval. If successful, it would be the second meme coin with an institutional-grade investment product on the continent. The Floki DAO is voting on the allocation of $2.8 million worth of FLOKI tokens for early liquidity.
Montenegro’s Constitutional Court has rejected Do Kwon’s extradition appeal, paving the way for the justice minister to decide between extradition to South Korea or the US. Reports suggest the US is the most likely destination.
Crypto market in decline
The total cryptocurrency market cap is trading lower today, now at $3.35 trillion. This slight decline suggests stability, with investors cautiously watching whether the market can sustain its momentum or signal further changes in the near term.
Holding above the $3.28 trillion support level is crucial for the market to sustain its recovery. If TOTALCAP can push $3.49 trillion into a support zone, it could signal renewed bullish momentum. Such a move would encourage broader investor participation and potentially set the stage for further upward movement.
TOTALCAP chart in TradingView
However, a loss of the $3.28 trillion support level could result in a significant decline, pushing TOTALCAP towards $3.10 trillion. Such a move would reflect weakening market confidence, possibly due to declining trading volumes or external macroeconomic pressures.
Bitcoin is finding its way
Bitcoin is currently trading at $98,964, aiming to flip the critical $100,000 resistance into support. Reaching this milestone would signal the potential for a further recovery in its price trajectory, boosting investor confidence and reigniting bullish sentiment in the cryptocurrency market.
The next target is $105,000, which would require strong support from macroeconomic factors. Positive signals from broader financial markets could provide the necessary momentum for BTC to break above this level, solidifying its position as a leading asset and attracting increased trading activity.
Bitcoin Chart on TradingView
However, failure to break above $100,000 could result in Bitcoin consolidating below this resistance level. In such a scenario, the cryptocurrency’s price is likely to remain above the $95,668 support zone, with market participants closely monitoring these levels for signs of recovery or further correction.
Bitget Token Forma Nova ATH
BGB surged 30% in 24 hours, reaching a new all-time high of $6.37 during the intraday trading session. This remarkable price movement highlights growing investor confidence, positioning the altcoin as a standout performer in the market.
The current trend suggests that the asset could continue its upward momentum, setting new highs in the coming days if market conditions remain favorable. Sustained bullish sentiment and increasing trading activity could further solidify BGB’s position, making it an attractive option for investors seeking short-term growth opportunities.
BGB Chart on TradingView
However, a price correction could see BGB fall to $4.90, a key support level. If this level is breached, the bullish outlook would be invalidated, signaling increased bearish pressure.
The article Why is the crypto market falling today, 12/26/2025? was first seen on BeInCrypto Brazil.
