The total crypto market cap (TOTAL) and Bitcoin (BTC) are slightly up over the last 24 hours. Enjoying this momentum are the altcoins, which are noting gains, akin to Canton (CC), currently up 18%.

In the news today:-

• Polymarket said a vulnerability in a third-party login provider caused unauthorized access to a small number of user accounts. The company stated the issue has been fixed, no ongoing risk remains, and affected users will be contacted.
• India’s Enforcement Directorate conducted raids at 21 locations across three states as part of a money laundering probe into a decade-long crypto scam. The action targeted premises linked to 4th Bloc Consultants under the Prevention of Money Laundering Act.

The Crypto Market Holds Above Support

The total crypto market capitalization is currently at $2.93 trillion, up $4.7 billion over the last 24 hours. This upward move points to a potential short-term stabilization. If buying momentum continues, Bitcoin could experience limited gains in the near term.

For a more sustained recovery, the market cap needs to reclaim $3.00 trillion as a solid support level. A decisive move above this psychological threshold would likely boost investor confidence and draw in new capital.

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However, if the recovery loses strength, downside risks remain. The market could fall through the $2.92 trillion, and drop to $2.85 trillion, which will serve as the next key support level.

Bitcoin Is Under Resistance

Bitcoin is currently trading at $87,816, maintaining its position above the $88,210 resistance level. This area previously capped upward movement earlier in the month, and turning it into support indicates near-term stability.

To offset recent declines, Bitcoin needs to push toward the $90,308 resistance level. A confirmed breakout above this level could strengthen investor sentiment.

On the downside, if buying pressure weakens, Bitcoin could slip below $88,210. A clear break beneath this level would put $86,247 in focus as the next downside target, and losing both supports could intensify bearish pressure.

Canton Jumps Today

CC led the market on Tuesday, rising 18.6% over the past 24 hours to trade near $0.107. At the time of writing, the price hovered just below the key $0.109 resistance. This level remains critical for confirming short-term strength and sustaining bullish sentiment among traders.

Looking ahead, CC price prediction remains constructive as momentum builds alongside broader market support. Increased investor interest and improving sentiment could help CC break above resistance. If buying pressure persists, the altcoin may climb toward $0.118, with upside potential extending further if volume and trend strength remain intact.

However, downside risks remain if bullish momentum weakens. Renewed selling pressure could push CC below the $0.101 support zone. A confirmed breakdown may expose the token to deeper losses, with price action potentially sliding toward $0.089 as bears regain short-term control.

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The total crypto market cap (TOTAL) and Bitcoin (BTC) stood mildly bearish over the last 24 hours, owing to a generally negative sentiment. MYX Finance (MYX) took the biggest hit among altcoins, falling by 11% and slipping below $3.00.

In the news today:-

• David Sacks said the Digital Asset Market Clarity Act will enter Senate markup in January, advancing the bill toward final passage. Senate committee chairs Tim Scott and John Boozman confirmed the timeline ahead of formal review and amendments.
• Bitwise filed a Form S-1 with the SEC to launch a spot ETF tracking the Sui token. The proposed Bitwise Sui ETF would follow Sui’s price, with Coinbase Custody serving as custodian.

The Crypto Market Stands Lower

The total crypto market cap has declined by $11 billion in the past 24 hours, now standing at $2.87 trillion. Market sentiment remains mildly bearish, reflecting cautious positioning among investors. Limited risk appetite is keeping prices subdued as participants assess macroeconomic and equity market signals.

TOTAL is consolidating around the $2.87 trillion level, testing it as both resistance and support. This range suggests uncertainty. If selling pressure intensifies, the market cap could retreat toward $2.80 trillion, exposing broader losses and reinforcing short-term downside risks.

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Improved sentiment could shift momentum higher. Flipping $2.87 trillion into firm support would signal stabilization. Such a move may allow TOTAL to advance toward the $2.93 trillion resistance.

Bitcoin Finds Support

Bitcoin is trading near $86,168 as it searches for stronger buying interest after last week’s decline. Weak hands continue to limit recovery attempts. Cautious sentiment and low conviction among short-term traders are keeping BTC from regaining upward momentum.

Downside risks appear contained for now. The $84,698 support has been tested previously and held, reducing the likelihood of a deeper breakdown. This level may act as a stabilizing zone, helping Bitcoin preserve its current range amid broader market uncertainty.

A recovery depends on renewed investor demand. Flipping $86,361 into support would be a key signal of strength. Such a move could open the path toward $90,401, invalidating the bearish outlook and restoring confidence in Bitcoin’s short-term price structure.

MYX Finance Is Facing a Downtrend

MYX recorded the steepest decline among major altcoins, falling 11% in the past 24 hours. The token is trading near $2.95, remaining below the $3.05 resistance. Heavy selling pressure reflects deteriorating sentiment and limited buyer participation under current market conditions.

Technical indicators point to continued downside risk. The Parabolic SAR confirms a strengthening downtrend. If pressure persists, MYX could slide toward the $2.80 support. A breakdown below this level may expose $2.65, increasing losses and reinforcing short-term bearish momentum.

A recovery remains possible if sentiment improves. Holding $2.80 could attract dip buyers. A successful rebound and breakout above $3.05 would invalidate the bearish outlook. This would signal renewed demand and the potential for trend stabilization across the altcoin market.

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