The total crypto market capitalization increased by approximately $32 billion to reach $2.24 trillion, signaling a slowdown in bearish pressure. The recovery affected both Bitcoin and major altcoins, while stabilizing sentiment helped the market partially offset recent losses.

BTC is trading around $65,600, remaining within the $65,000–$70,000 range for nearly three weeks. A brief breakout attempt failed, but the return above key support strengthened moderately positive expectations. The next resistance level is located near $67,600.

Among altcoins, Morpho led the gains, rising about 12% to $1.76. The rally was supported by steady capital inflows and stronger buying activity. A move above $1.84 could open the way for further upside toward $2.05.

On the news front, talks of a potential Stripe-PayPal deal and proposed new U.S. crypto tax rules remain in focus. Despite the recovery, downside risks persist, and renewed selling pressure could push the market back toward the $2.13 trillion support level.