The total market cap (TOTAL) is reeling from the recent rally observed by all cryptocurrencies, which brought their combined value to $2.5 trillion. Bitcoin (BTC) is observing a similar price action as it trades under $70,000. PEPE, however, surprised its investors with a massive rise that established another new all-time high.In the news today:-The total market cap is $2.52 trillion, above the crucial support level of $2.52 trillion. The optimism among investors has not yet disappeared, which is a good sign for the crypto market. A bounce off the $2.52 trillion support would enable a rise to $2.61 trillion, which has not been breached since mid-March.Read More: Who Are Cameron and Tyler Winklevoss? A Profile on the TwinsHowever, the fear of profit-taking is also looming, as investors could move to sell their holdings to secure their gains. Consequently, TOTAL could take a hit, and losing the support of $2.52 trillion could send it to $2.4 trillion.Bitcoin’s price rise paused over the last two days as the crypto asset failed to breach the resistance at $71,800. The most likely reason is the cooldown that BTC is witnessing following the recent rally.Nevertheless, if BTC bounces back up from $68,500, it still has a shot at breaking through the barrier.The Relative Strength Index (RSI) shows that Bitcoin is still far from being overbought. The RSI is a momentum oscillator that measures the speed and change of price movements. Generally, values above 70 indicate that the asset has been overbought.Read More: 7 Best Crypto Exchanges in the USA for Bitcoin (BTC) TradingSince that is not the case, BTC could continue rising.But if the support of $68,500 is lost, it could trickle down to $64,800, wiping half of the gains noted in the last couple of days.PEPE’s price impressed meme coin enthusiasts as it catapulted to a new all-time high (ATH) yesterday. The meme coin hit new highs of $0.00001430 after noting a 51% increase in 48 hours.If the bullishness sustains, this growth could continue, and PEPE could mark further new ATHs.Read More: Pepe (PEPE) Price Prediction 2024/2025/2030However, if investors opt to realize profits on this rally, it would not be surprising to see PEPE fall to $0.00001144 or lower towards $0.00001007.DisclaimerIn line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
