The total crypto market capitalization and Bitcoin remained largely unchanged over the past 24 hours. However, bullish signs are emerging in the altcoin space, with Pump.fun (PMP) leading the gains, surging by over 6%.
SEC Fast-Tracks Altcoin ETFs & Options Surge
In a major regulatory development, the U.S. SEC has approved in-kind redemptions for Bitcoin and Ethereum ETFs while also accelerating the approval process for altcoin ETFs. This marks a significant breakthrough for the broader crypto sector.
Additionally, the commission increased position limits for IBIT options trading by tenfold, paving the way for a potential surge in demand for Bitcoin options-based ETFs.
German Ruling Sparks Legal Debate Over Crypto Wallets
A German appellate court ruled that transferring crypto assets using a known wallet password without permission may not violate criminal law. The controversial decision drew criticism for exposing legal loopholes in dealing with decentralized assets — essentially removing criminal liability in scenarios that would otherwise be considered theft under traditional finance.
Total Market Cap Steady Above Support
The total crypto market cap increased by $4.8 billion in the last 24 hours, reaching $3.82 trillion. This move reflects a positive shift in sentiment, as TOTAL now trades safely above the $3.81T support level.
The market is expected to hold between $3.81T and $3.89T, indicating a neutral stance. Unless adverse macro or regulatory events occur, further downside is unlikely. As long as TOTAL stays above $3.81T, further upside remains on the table.
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Breakout Ahead? TOTAL Eyes $4 Trillion Mark
If TOTAL can break the $3.89T resistance, the next stop could be the $4.00T mark — a key psychological and technical milestone. A successful breakout would confirm renewed bullish momentum, potentially triggering a wave of investor inflows and pushing the market to new highs
Bitcoin Stuck in Sideways Drift
Bitcoin is currently trading at $118,241, consolidating below the $120,000 resistance. The asset has remained sideways in recent sessions with minimal upward movement.
For now, BTC has set a strong support at $117,261 (100 EMA) . As long as it stays above this level, there’s still room for a recovery. A successful breakout above $120,000 could reignite bullish momentum, with upside potential toward higher levels.
Pump.fun (PMP) Leads the Altcoin Pack
PUMP surged 6.8% today, making it the top-performing altcoin in the market. Now trading at $0.0025, the token is showing strong upward momentum amid rising investor interest.
The next key resistance is at $0.0029. If PUMP breaks above this level, the rally could continue — possibly reaching $0.0038 in the short term. Positive market sentiment and increasing demand are strong tailwinds for this altcoin.
PUMP Price Watch: Momentum or Reversal?
Despite the rally, investors should watch for any sharp pullbacks. If sell pressure emerges, PUMP could fall back to $0.0024 or lower — invalidating the bullish outlook. This underscores how crucial sentiment and investor behavior are in determining PUMP’s short-term trajectory.
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