In the past 24 hours, the overall crypto market cap (TOTAL) and Bitcoin (BTC) have experienced recovery, with Bitcoin regaining ground above the psychological threshold of $80,000. This development followed an announcement by U.S. President Donald Trump to implement a 90-day suspension of tariffs on all countries except China. This move not only helped the global financial markets recover but also had a positive impact on the cryptocurrency sector.

The total crypto market cap saw a remarkable increase of over $165 billion in a single day, largely driven by a shift in market conditions. President Trump's decision to pause tariffs, which was made shortly after their implementation, provided some relief to the market, though it also introduced a degree of uncertainty. Nevertheless, the bullish sentiment fueled by this development could potentially push the total market cap beyond $2.61 trillion, building on its current position of approximately $2.56 trillion.

Conversely, should this bullish trend lose steam, the total crypto market cap might dip below $2.50 trillion, effectively nullifying the recent gains and casting doubt on the current optimistic outlook for the market.

Meanwhile, Bitcoin's price surged by 7% within the same timeframe, reaching $81,725 at the time of reporting. During this period, Bitcoin attempted to surpass the critical resistance level at $82,503 but ultimately failed, leaving investors cautious about the near-term direction of the asset's price movement.

Despite the unsuccessful attempt to exceed the $82,503 resistance, Bitcoin retains the potential to break through this pivotal level. A successful breakout could propel BTC towards $85,000, enhancing investor confidence and possibly fostering a more prolonged upward trend across the market.

Alternatively, if Bitcoin continues its downward trajectory, it may fall beneath the $80,000 support level. In such a scenario, BTC could descend to the subsequent support level at $78,530, undermining the existing bullish outlook and prolonging the recent downturn.

In the altcoin segment, FARTCOIN (FARTCOIN) stood out as the top performer over the last 24 hours, surging nearly 42% to trade at $0.72. The meme coin successfully surpassed two crucial resistance levels, $0.60 and $0.69, indicating robust upward momentum and heightened investor interest in the token.

Capitalizing on the favorable market environment, FARTCOIN is striving to establish $0.69 as a solid support level. Maintaining this base could enable the meme coin to ascend toward $1.00, perpetuating its bullish pattern. Investor sentiment will play a decisive role in sustaining this upward momentum.

Nevertheless, if investors opt to liquidate their positions, FARTCOIN might plummet below $0.69 or even drop under $0.60. Such a development would invalidate the current bullish hypothesis, diminishing the recent gains, and reversing the positive impetus that the meme coin has accumulated.

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