Virtuals Protocol Price Dips But Holds Key Support Level
The global crypto market cap has fallen by $133 billion in the last 24 hours, now sitting at $3.98 trillion. This decline comes after the latest U.S. Jobless Claims and Producer Price Index (PPI) reports, which triggered increased selling pressure across all major cryptocurrencies.
Despite the pullback, the market remains above the $3.94 trillion level, hinting at possible short-term stability. If buying interest returns, the total market cap could reclaim $4.00 trillion as a support level, setting the stage for a recovery. However, if selling continues, a drop to $3.89 trillion may erase recent gains and suggest a deeper correction.
Bitcoin Pulls Back Below $120K
Bitcoin has slipped from its all-time high of $124,474 to $118,833, falling below the key $120,000 level. This move reflects a temporary correction, with BTC now testing support at $117,261.
If Bitcoin holds this level, a rebound toward $120,000 and possibly $122,000 could follow. But if the support breaks, the next stop may be around $115,000—marking a possible continuation of the bearish trend.
Virtuals Protocol Struggles at Key Support
VIRTUAL has dropped 11.7% in the past 24 hours and is trading at $1.21. The altcoin is hovering just above its critical $1.14 support level. Historically, this level has triggered rebounds, and if it holds again, VIRTUAL could target $1.25 and potentially $1.37.
However, if $1.14 fails, the price may slip toward $1.00, signaling a shift in sentiment and invalidating the bullish outlook.
