Cryptocurrency Market Capitalization Analysis: Technical Review of February 22

The cryptocurrency market continues to show signs of deep correction with a local rebound amid extreme fear. The Fear & Greed Index is in the range of 7–14 points, indicating panic sentiment and strong asset overselling. The global market capitalization is approximately $2.4–$2.46 trillion, reflecting volatility and capital redistribution among main assets.

Global Capitalization and BTC Dominance Status

Total trading volume over the past 24 hours remains between $42–$45 billion, indicating sideways movement amid increased volatility. Bitcoin’s market cap reaches $1.358 trillion with its current price at $67,960, showing a slight decrease of 0.29% over the day. BTC dominance is rising and ranges from 56.6% to 58.8%, signaling strong pressure on alternative coins.

The market is in defensive mode: investors are massively shifting capital into Bitcoin as the safest asset amid extreme risk. The total number of liquidations continues to grow, indicating pressure on trader positions and a lack of healthy recovery momentum.

Cap and Outlook for Main Assets

Analysis of the main cryptocurrencies’ market caps shows the following picture:

Bitcoin (BTC) — leads with a market cap of $1.358 trillion, consolidating its status as the market anchor. Despite a 0.29% decline, the asset remains the most resilient in panic conditions.

Ethereum (ETH) — market cap is $237.42B with a price of $1,970 and a decrease of 0.51%. Bears maintain pressure, and altcoin cap shrinks faster than Bitcoin’s.

Solana (SOL) — cap of $48.09B at a price of $84.59, down 1.28%. Altcoins experience maximum pressure amid rising BTC dominance.

XRP (Ripple) — market cap of $85.98B at $1.41, down 2.29%. Selling waves have affected this asset as well as the entire altcoin segment.

Technical Overview of Bitcoin

Current signals and indicators: Bitcoin shows a weak counter-trend long. RSI is neutral around 46, while lower timeframes are oversold. MACD indicates a weak bullish impulse near 0.26, suggesting an attempt at recovery but without market conviction.

Support and resistance levels:

• Support: $68,000–$69,000 (average level, bounce likely)
• Resistance: $72,000–$74,000 (strong but with high risk of pullback)

24-hour forecast: Development scenarios: growth 55%, decline 25%, sideways 20%. Potential target levels: recovery to $71,500–$73,500 (+2% to +5%) or fall to $68,500–$67,000 (−2% to −5%). The baseline scenario assumes a local bounce amid fear.

Altcoin Analysis: ETH, SOL, XRP

Ethereum (ETH): Neutral signal with slight long bias. Altcoin cap is $237.42B with a 0.51% decline. Main pressure comes from Bitcoin’s dominance. Levels: support $2,000–$2,050, resistance $2,150–$2,200. Forecast: +40% / -40% / sideways 20%. Analysis suggests shorts are preferable under downward pressure.

Solana (SOL): Neutral with a slight bearish tilt. At $84.59 and a cap of $48.09B, SOL drops 1.28%, experiencing the highest pressure among altcoins. Levels: support $85–$80, resistance $90–$92. Probabilities: +30% / -50% / sideways 20%. Altcoin pressure remains the dominant factor.

XRP (Ripple): Fully neutral signal. Price at $1.41 with a cap of $85.98B, down 2.29%, indicating selling waves. Levels: support around $1.40, resistance around $1.48–$1.50. Probabilities: sideways / weak growth 40%, decline 40%. Consolidation with minimal short-term prospects at current levels.

Trading Strategies in Extreme Fear Conditions

The market is in extreme fear with a rebound after a shakeout, but altcoin caps are shrinking, and BTC dominance is rising. The strategic focus should be on risk management.

For long positions: Short-term rebounds on Bitcoin from support levels can be traded with maximum leverage of ×3–5. However, such positions require strict stop-losses and minimal holding time.

For short positions: Altcoins during pullbacks to resistance levels offer better risk/reward for shorts. This is the most promising approach under current conditions.

Overall cap outlook: Global market capitalization remains under pressure, but slow recovery after the shakeout suggests a possible bottom. Investors should approach entries cautiously, focusing on capital management and protection against further cap declines. BTC dominance is increasing — this is the main market indicator right now.

Key takeaways: Extreme fear creates short-term bounce opportunities for Bitcoin, but altcoin caps continue to be under pressure. All positions should be opened with full risk awareness and tight stop-losses. Await further consolidation and signals of capitalization recovery before adopting more aggressive strategies.