Crypto Market Holds Steady as Bitcoin and MYX Finance Lead Gains

The global crypto market is showing resilience, with the total market cap standing at $3.99 trillion after a $38 billion rise in the past 24 hours. However, the key resistance remains at $4.01 trillion. A breakout above this level could trigger fresh bullish momentum, targeting $4.05 trillion. If the resistance holds, the market may consolidate between $3.94 trillion and $4.01 trillion in the short term.

Bitcoin continues to trade strongly, priced at $116,675 and holding above its $115,000 support. The immediate challenge lies at $117,261, which must be flipped into support to sustain its rally toward $120,000. A successful breach could fuel investor confidence, while a reversal might send BTC back to $115,000 or even $112,500, risking renewed volatility.

Meanwhile, MYX Finance (MYX) has emerged as the top-performing altcoin, surging 12% in the last 24 hours to trade at $11.81. The token is attempting to secure $11.52 as a crucial support level, which could pave the way for a rally toward $14.46. However, if selling pressure mounts, MYX could retreat to $9.91, weakening its bullish momentum.

In industry developments, Banco Santander has expanded into crypto trading in Germany through its digital bank Openbank, offering Bitcoin, Ether, Litecoin, Polygon, and Cardano, with plans for additional assets and features. Circle also announced a partnership with Hyperliquid, integrating Native USDC and CCTP V2 on HyperEVM. Circle’s investment in HYPE and potential role as a validator highlights its long-term commitment to ecosystem growth.

As the crypto market stabilizes, Bitcoin’s resistance test and MYX’s recovery remain the focal points for traders, while institutional moves from Santander and Circle add to the sector’s optimism.