Why Is the Crypto Market Up Today?

The total market capitalization of cryptocurrencies increased by 1.63% on March 30, recovering to $2.30 trillion after a sharp decline to the $2.25 trillion floor on Sunday. Bitcoin led this recovery, pushing the governance token DeXe (DEXE) up 14.06% to $8,169.

This movement places DEXE directly at a Fibonacci decision point. How Bitcoin closes this daily candle will determine whether the rally continues or stalls at the first key resistance.

Today's news:

Strategy seems to have halted the Bitcoin buying trend that lasted for the past 13 weeks after Executive Chair Michael Saylor did not make his usual “Orange Dot” post on Sunday, instead promoting the company's preferred stock. The 8-K filing on Monday will confirm whether there is truly a pause or if there are quiet purchases without the usual announcement.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf posted on X and encouraged followers to trade contrary to Trump’s pre-market energy announcement, calling it a “reverse indicator” that can be relied upon. This comment highlights the instinct to buy dips in Wall Street style, as real geopolitical risks make contrarian actions increasingly unpredictable.
Crypto Market Shows Recovery

The total market cap of cryptocurrencies closed at $2.3 trillion on March 30, up 1.63% in a day, rebounding from the low level of March 29, which nearly touched the $2.25 trillion support. The current candle is moving above that level, indicating incoming demand.

Staying above $2.25 trillion opens the door to the resistance at $2.32 trillion, and if that level can be reclaimed, it will reaffirm the bulls’ dominance in the market. The next significant target is $2.37 trillion.

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If the daily candle closes below $2.25 trillion, the recovery argument weakens. A continued downward correction opens the way to $2.19 trillion, which is the lower boundary on the chart.

Bitcoin Bounces Back Above the Trend Line After Sunday Reversal

Bitcoin is trading at $67,216, up 1.83% in a day, below the resistance at $68,830 after falling from the upward trendline support since late February. Price has been moving in the range of $65,887 to $68,830 over the last few sessions, narrowing into the decision zone.

If the price can reclaim $68,830 on the daily close, momentum will shift back to the bulls, with targets at $70,000 and then $72,294. The upward trendline now around $67,000 may serve as short-term dynamic support.

A daily close below $65,887 will invalidate the Bitcoin recovery setup and open the possibility of a decline to $62,893 as the next major support.

DeXe Records Surge

DeXe is trading at $8,169, up 14.06% in a day, closing above the Fibonacci retracement level of 0.382 at $8,208. The daily candle is testing this level as the price attempts to establish it as new support after a strong rally from the base at $6,764.

The Fibonacci level at 0.618 at $9,100 is the nearest target if $8,208 holds. After that, the extension level at 1.0 at $10,544 will be the next upside target, indicating a full retracement recovery.

If it fails to hold at $8,208 on the daily close, DEXE could drop again to the 0.236 level at $7,656. A breakdown below $6,764 would truly invalidate the current bullish structure.