The total crypto market fell another $43 billion over the last 24 hours as the market remains gripped with fear. Bitcoin (BTC) failed to climb back to $70,000, and MYX Finance (MYX) continues to lead the altcoins in the bear market with a 40% crash.

In the news today:-

• Input Output CEO Charles Hoskinson announced at Consensus Hong Kong that LayerZero will be ported to the Cardano blockchain. The move follows Citadel Securities’ investment in LayerZero and coincides with the rollout of Midnight’s mainnet.
• The Stellar Development Foundation announced that non-custodial wallet TopNod will integrate with the Stellar network as part of its Asia expansion strategy. TopNod uses key sharding and TEE technology, focusing on tokenized real-world assets and stablecoins despite limited recognition beyond Web3.

The Crypto Market Is no Longer Sideways.

The total crypto market cap fell $43 billion in 24 hours, dropping to $2.28 trillion. Persistent fear triggered a breakdown below the $2.30 trillion support. TOTAL also lost the $2.37 trillion range, reflecting weakening crypto market sentiment and rising short-term downside risk.

If bearish conditions persist, further losses remain possible. Continued risk aversion and weak capital inflows could push TOTAL toward $2.22 trillion.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

A shift in sentiment could stabilize the crypto market cap. Improving macro conditions or renewed investor confidence may lift TOTAL back toward $2.37 trillion. Reclaiming that level would signal recovery of recent losses and restore short-term bullish momentum across major digital assets.

Bitcoin Outflows Remain Persistent

Bitcoin price trades at $67,367 at publication, extending its move away from the $70,000 resistance level. The crypto king faces mounting downside pressure amid weak sentiment. A continued pullback could send BTC toward $62,893, the next major support that traders are monitoring.

A decisive drop below $65,000 would reinforce the short-term bearish outlook. That level serves as a key psychological support for market participants. The Chaikin Money Flow remains below the zero line, signaling persistent capital outflows and sustained selling pressure across spot markets.

If outflows reverse and inflows strengthen, the Bitcoin price may attempt a recovery. Reclaiming $70,000 would invalidate the immediate bearish thesis. A confirmed breakout above that level could open the path toward $72,294 and potentially higher resistance zones.

MYX Finance Drops To $3

MYX price plunged 38% in the past 24 hours, trading at $3.41 at publication. The sharp decline aligns with BeInCrypto’s earlier bearish outlook, which projected deeper losses. Intense selling pressure pushed the altcoin close to its anticipated downside target.

Lower prices attracted fresh demand, triggering a 10% rebound today. This shift suggests opportunistic buying at discounted levels. If inflows remain consistent, MYX price could reclaim $3.62, target $3.94 resistance, and potentially move above the $4.00 psychological barrier.

Renewed market weakness would threaten this recovery attempt. A breakdown below $3.26 may expose MYX to $2.88 support. Losing that level would invalidate the bullish thesis and reinforce the broader bearish prediction, opening the path toward $2.48.

The post Why Is The Crypto Market Down Today? appeared first on BeInCrypto.