- The total crypto market cap rose to $3.86 trillion, holding above the $3.85T support floor.
- Bitcoin (BTC) trades at $112,842, with a positive Balance of Power (BOP) signaling strong accumulation.
- Cronos (CRO) leads the rally again, fueled by Trump Media speculation, eyeing a move toward $0.28.
- Key news drivers include Thailand’s tokenized government bond launch and Nvidia’s record earnings.
Why Is the Crypto Market Up Today?
The crypto market has continued its bullish momentum, climbing nearly 2% in the past 24 hours. Global market capitalization now sits at $3.86 trillion, holding steady above the $3.85 trillion support floor.
Investor sentiment is being boosted by Bitcoin’s resilience and CRO’s standout rally, which continues to attract speculative interest.
Global Catalysts Fueling the Rally
Two major macro developments are influencing today’s market:
- Thailand’s Ministry of Finance launched the world’s first publicly offered tokenized government bond through its G-Token project, in partnership with KuCoin. This move highlights the growing adoption of blockchain in traditional finance.
- Nvidia posted record-breaking $46.7 billion Q2 2025 revenue, but the company faces mounting risks after losing access to the Chinese market. Despite its $60B stock buyback, competition from China looms.
These events contribute to broader investor discussions around blockchain adoption and tech sector volatility, indirectly supporting crypto sentiment.
Crypto Market Cap Analysis
The total crypto market cap (TOTAL) has grown by $64 billion in 24 hours, a sign of strong buy-side momentum.
- Current Level: $3.86 trillion
- Support Floor: $3.85 trillion
- Next Resistance: $3.94 trillion
If bullish momentum continues, TOTAL could push higher to $3.94 trillion. However, a slowdown in demand or profit-taking may lead to a retest of $3.85 trillion or even a deeper correction to $3.73 trillion.
Bitcoin Price Analysis: Holding Strong Above $112K
Bitcoin trades at $112,842, up 1% in the past 24 hours. The Balance of Power (BOP) indicator remains positive, signaling continued buyer dominance.
Also Read: Bitcoin Price Forecast: ChatGPT-5 Predicts Drop Below $100,000 in September 2025
- Upside Target: $115,764
- Immediate Support: $111,920
If accumulation persists, Bitcoin could retest its resistance. But renewed profit-taking may pull BTC back to its nearest support.
Cronos (CRO) Extends Rally on Trump Media Hype
CRO continues to dominate as the market’s top gainer, driven by speculation around Trump Media & Technology Group (TMTG) exploring strategies involving CRO tokens.
- Short-Term Target: $0.28
- Support Zone: $0.31
Momentum traders are closely watching CRO’s trajectory, as hype-driven surges may bring higher volatility in the near term.
The crypto market is showing strong resilience, with Bitcoin accumulation and CRO hype leading gains. While global adoption stories like Thailand’s G-Token project strengthen confidence in blockchain’s future, external risks like Nvidia’s China challenges remind investors of broader market influences.
As TOTAL holds above $3.85 trillion, the path toward $3.94 trillion remains in play, making the coming days crucial for market momentum.