The cryptocurrency market is experiencing notable fluctuations. The total crypto market capitalization (TOTALCAP) recently surged past the $1.60 trillion resistance level, reaching a new yearly high of $1.73 trillion on January 2. However, this was followed by a sharp drop on January 3, bringing TOTALCAP back to the $1.60 trillion mark. Bitcoin (BTC) showcased similar volatility, deviating above its range high but is currently in the process of revalidating it as resistance. Internet Computer (ICP) also witnessed a downturn since January 3, reverting back to its parabolic ascending support trend line. The crypto market's future remains uncertain, with potential scenarios indicating either a significant increase to $1.87 trillion or a decline to $1.45 trillion depending on market movements
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.