{"id":10169,"date":"2025-06-20T16:50:00","date_gmt":"2025-06-20T15:50:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=10169"},"modified":"2025-06-23T09:31:46","modified_gmt":"2025-06-23T08:31:46","slug":"crypto-market-calm-reasons-today","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/crypto-market-calm-reasons-today\/","title":{"rendered":"Why Is the Crypto Market So Calm Today ? Key Factors Uncovered"},"content":{"rendered":"\n

A Fragile Crypto Market<\/h2>\n\n\n\n

Despite encouraging announcements such as Prenetics and Semler Scientific entering the Bitcoin market, the global geopolitical<\/strong> context<\/strong> remains the main obstacle to the recovery of the crypto market. The conflict between Israel<\/strong> and Iran<\/strong> is exerting significant downward pressure, weakening the upward trend.<\/p>\n\n\n\n

While the total market capitalization of the crypto market<\/a> remains around $3.21 trillion<\/strong>, volatility has decreased in recent days, indicating an ongoing consolidation. However, a test of the support at $3.16 trillion<\/strong> could signal further weakness in the short term.<\/p>\n\n\n

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\"Crypto
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

Regarding Bitcoin<\/a>, the price is just below the key level of $105,000<\/strong>. This psychological level<\/strong> is crucial to maintaining the bullish momentum. If investors manage to turn it into support, a potential rise to $108,000<\/strong> would then be conceivable.<\/p>\n\n\n\n

However, the slight bearish signals from the RSI suggest that BTC could lose ground and test supports at $102,734<\/strong>, or even $101,530<\/strong>. Such a decline would sow concerns among investors and could further weaken market sentiment.<\/p>\n\n\n

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\"Bitcoin
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

A New Drop for Memecoin SPX<\/h2>\n\n\n\n

On the memecoin side, SPX has experienced a new notable drop of 11.6%<\/strong> in the last 24 hours. Despite holding above the support at $1.25<\/strong>, a break below this level could pave the way for a drastic fall to $1.14<\/strong>. Such a scenario could trigger panic selling and accentuate the downward pressure.<\/p>\n\n\n\n

\"spx<\/figure>\n\n\n\n

However, if SPX manages to bounce off this support, a return to resistance at $1.42<\/strong> and then $1.55<\/strong> would be conceivable. This scenario would invalidate the current bearish trend and restore hope among investors in the memecoin<\/strong> segment.<\/p>\n\n\n\n

In conclusion, the crypto market remains fragile<\/strong> despite some positive developments. The geopolitical context and investor sensitivity remain the main drivers of the current<\/strong> volatility<\/strong>. For savvy investors, vigilant monitoring of key support and resistance levels will be crucial to navigate this uncertain period<\/strong>.<\/p>\n\n\n\n

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