[Analysis] "Bitcoin (BTC) recovers to $80,000 level... Cryptocurrency market stabilizes after rebound"

The cryptocurrency market has stabilized around a market cap of $2.6 trillion after rising due to tariff deferrals and a rebound in global stock markets, according to an analysis.

On the 11th, Alexander Kuptsikevich, a senior market analyst at FxPro, stated, "The cryptocurrency market reacted to Trump's tariff deferral news by rising, but it did not show as strong a trend as the stock market." He analyzed that "the total market cap rebounded from the $2.3 trillion support level and continues to fluctuate around the $2.6 trillion level."

He diagnosed, "Bitcoin (BTC) has temporarily recovered to $80,000, but the medium to long-term trend reversal remains uncertain." Kuptsikevich said, "Bitcoin is currently approaching the upper end of the downtrend and is being tested to see if it can break out of the correction trend that has continued for the past two months."

Additionally, he added, "Ethereum (ETH) also rebounded from the lower support line, but whether it can break through the upper resistance line of $1,900 will determine the future trend."