## The Bullish Momentum in the Crypto Market: What Explains This Recovery?

The cryptocurrency sector has maintained notable dynamism in recent days, with positive signals coming from multiple fronts. The reason why cryptocurrencies are rising is due to a confluence of favorable technical factors and improvements in the regulatory environment that are injecting confidence into investors.

### A More Receptive Regulatory Environment

The macroeconomic environment for cryptocurrencies has experienced significant changes. Major consulting firms like PwC have increased their involvement in the sector, indicating that the historic aversion to digital assets is waning. The approval of more favorable regulatory frameworks in the United States has fostered greater institutional willingness to explore opportunities in this market.

This regulatory openness acts as an important catalyst because cryptocurrencies have been rising in the last 24 hours, breaking the hesitation that had prevailed in previous periods.

### Global Market Cap Reaches New Highs

The total market capitalization has increased by 77 billion dollars in a single day, now standing at 3.13 trillion dollars. This movement reflects widespread participation in the recovery, not limited to just a few assets.

The next technical resistance is located at 3.16 trillion dollars. A break above this level would amplify bullish prospects, potentially pushing the market toward 3.21 trillion dollars. However, global macroeconomic risks remain a variable to watch, which could halt this advance.

### Bitcoin: Consolidation Above 93,000 Dollars

Bitcoin (BTC) maintains a position of strength, operating around 91,812 dollars with a gain of 0.86% for the day. The price has held its position above key resistances, reinforcing the bullish sentiment in recent days.

The 95,000-dollar level represents the next important technical milestone. Its achievement would open the doors toward the psychological level of 100,000 dollars, a target many analysts consider achievable at this market phase.

The main threat lies in taking profits. An increase in selling pressure could push the price toward 91,511 dollars, with a more pessimistic scenario near 90,000 dollars that would cancel the current bullish narrative.

### Virtuals Protocol Shows Volatility but Maintains Strength

Virtuals Protocol (VIRTUAL) has demonstrated dynamism with the price operating around 1.01 dollars. Crossing the 1.00-dollar level is a constructive technical signal for this asset, reinforcing market participants' confidence.

Technical analysis using tools like the Parabolic SAR suggests that the bullish trend remains active. If buyers maintain control, the next resistance zone is at 1.14 dollars, offering significant upside potential.

On the risk side, the inability to hold support at 1.00 dollar could trigger a correction toward 0.87 dollars, which would redefine the short-term outlook for this token.

### Conclusion

The reason why cryptocurrencies are rising combines positive technical elements with a perceptible change in institutional and regulatory attitudes. However, caution remains necessary, as external macroeconomic conditions still have the capacity to cause abrupt reversals in market sentiment.