The crypto market is experiencing a downturn today, with a total market cap currently at $2.20 trillion after losing over $72 billion in the last 24 hours. This decline follows a recent rally that saw Bitcoin (BTC) rise above $65,000. However, it has since fallen below crucial support levels, highlighting the market's volatility.
In the news today, the US Securities and Exchange Commission (SEC) achieved a judgment against Rivetz Corp and its CEO, Steven Sprague, for selling $18 million in unregistered securities through the Ethereum-based RvT token. A court in Massachusetts ruled in favor of the SEC on September 30.
The total crypto market cap has dipped significantly, breaking through the crucial support level of $2.25 trillion. Investors are currently facing uncertainty as the market cools down. The next major support level is at $2.11 trillion, and a drop to this point could indicate profit-taking among investors.
Currently, Bitcoin's price is at $63,697, having lost the critical support level of $65,292. Investors are closely monitoring this situation as Bitcoin attempts to reclaim this key level. If Bitcoin cannot regain this support, it could drop further to $61,725, increasing bearish sentiment.
JasmyCoin (JASMY) has taken a hit, registering an 8% decline over the past day, struggling to breach the barrier at $0.024. A decline to the crucial support of $0.020 is possible unless JASMY can establish $0.024 as a support floor.
For now, the crypto market remains under pressure, but if investors maintain a bullish stance, there may be opportunities for recovery and market rallies ahead.
