The crypto currency market made a wavy start to the new week. Although the total market value suffers small losses, the overall appearance still holds strong support levels. However, in some Altcoins, harsh decreases are remarkable. Especially the Pi Network (PI) came to the forefront as the worst performance in the last 24 hours. On the other hand, new developments in Gamestop’s Bitcoin move and the new developments in the Ripple-SEC case are directed to the market.
Gamestop’s Bitcoin Decision: The company’s share has risen, the market gained confidence
Gamestop has taken a remarkable step despite sales decreases in the fourth quarter report of 2024. The company announced that it will add Bitcoin to its balance sheet as a reserve asset. This move triggered a 6 %increase in the share price.
Gamestop’s limited crypto exposure was interpreted as a strategic step towards strengthening its financial structure in 2025. This development revived the market confidence of corporate firms by increasing the likelihood of Bitcoin.
Bitcoin wants to maintain its rise: eyes in $ 89,800 resistance
Bitcoin is traded at $ 87,196 with loss of 1 %in the last 24 hours. The $ 86,822 level is currently critical support. The protection of this level is important for the continuation of the rise trend.
If this support is attributed, the BTC may make a leap towards $ 89,800. However, if the support is broken, there is a risk of withdrawal to 85,000 and even $ 82,761. Technical indicators still offer a promising picture.
Eyes in XRP in Ripple-SEC Case: The final stage has been reached
Ripple’s Chief Law Officer announced that the XRP case has been approached to the end. It is reported that SEC will pay a largely $ 125 million penalty for Ripple and that the XRP will be presented to corporate investors.
This may directly affect XRP liquidity and ETF approval process. The conclusion of the case may increase positive pressure on the price by increasing investors’ confidence in XRP.
Crypto Money General View: Supports Are Not Breaking, Hope Continues
The total crypto currency market value is currently $ 2.81 trillion and the losses of the last 24 hours have been limited. 2.74 trillion dollars, the most critical support level, are still preserved. Failure to go under this region ensures that the decreases in the market remain limited.
If this support level is maintained and the momentum turns up again, the market value can reach $ 2.93 trillion. This makes it possible to compensate for the losses in March and enter the month with hope.
Pi Network crashed: This crypto currency drew attention with a decrease of 13 %
PI, which has a decrease of 13 %in the last 24 hours, is traded for $ 0.82. Token is moving towards $ 0.76, the next support level. Being below $ 0.92 created a signal of a serious weakness for PI.
If this decrease acceleration continues, the price may decrease to the lowest level of all time of $ 0.60. However, if the level of $ 0.92 is regained support, the PI price may rise to $ 1.19 and the decline scenario may become invalid.
Ongoing macro developments, regulatory news and market sensitivity will be critical for crypto investors this week. The eyes are now both in Bitcoin’s movements and in the statements coming from the SEC and Ripple front!
