The total crypto market capitalization increased by about $19 billion over the past 24 hours, reaching $2.29 trillion. Sentiment was supported by news of Kraken acquiring Magna and reports of Nvidia’s major investment in OpenAI. However, overall momentum remains moderate amid ongoing macroeconomic uncertainty.
Bitcoin is trading near $67,360 and continues to move sideways below the key $70,000 resistance level. The $65,000 zone remains critical support, preventing a deeper decline. Market participants remain cautious as they await clearer signals from the global economy.
Meanwhile, altcoins are showing stronger performance, with Kite rising more than 16% in a single day and reaching a new all-time high near $0.256. The next potential upside target is seen at $0.300, though further gains will depend on sustained demand and capital inflows.