Crypto Market Hits Record High of $3 Trillion Amid Bitcoin and Ethereum Price Action
The crypto market has reached an all-time high of $3.01 trillion in total value, with $141.8 billion in trading volume over the past day.
Bitcoin has broken above its old May resistance level at $82,814 and is now sitting at $85,980.96.
Analysts note that Bitcoin's MACD has crossed bullish and it has moved into overbought territory, which may explain why the price has cooled slightly to around $85,500.
Some analysts see a path toward $90,000 to $100,000 if the broader structure continues with what's known as a Wyckoff accumulation pattern. Others expect a top closer to $92,000 followed by a retest of the low $70,000s before the next leg higher into 2027.
Ethereum is trading near $2,750 and running directly into resistance at the $2,800 level, a price point that has repeatedly flipped between support and resistance since 2024.
Every major move in ETH's recent history has pivoted around this exact zone. A confirmed close above $2,800 that holds would open the door toward $3,300 as the next major target.