The recent correction in the crypto market, including TOTAL and BTC, is attributed to growing greed and uncertainty among investors regarding the direction of digital assets. FARTCOIN, an altcoin, experienced the most significant decline, dropping by 24% in the past day.

In recent developments:

The National Data Protection Authority of Brazil has instructed Tools for Humanity to discontinue offering financial incentives for biometric data collection from citizens starting January 25, following an investigative process initiated in November.

BlackRock made a substantial investment of $1 billion in Bitcoin, now holding 2.7% of the total BTC supply. Its Bitcoin ETF, IBIT, witnessed $1 billion in inflows within a short span, marking a strong recovery from previous outflows.

The Crypto Market Trends

The total crypto market cap decreased by $127 billion within the last 24 hours, bringing TOTAL to $3.40 trillion. This considerable drop underscores the heightened volatility in the market, fueled by widespread selling activities. Maintaining support at $3.28 trillion is crucial to prevent further losses and stabilize the market cap.

BTC Struggles

Bitcoin recorded a 3.19% decline in the past day, settling at $101,399. The failure to surpass the critical $105,000 resistance level indicates challenges in sustaining a bullish trajectory. A drop below the crucial $100,000 support could trigger additional declines and amplify market uncertainties.

FARTCOIN's Decline

FARTCOIN, currently trading at $1.01, suffered a significant 24% drop in the last 24 hours. Investors are concerned about the coin's ability to maintain value amidst high volatility. To recover, FARTCOIN must surpass the $1.54 resistance level to establish a new high above $2.74 and regain investor confidence.