The cryptocurrency market experienced a significant downturn, with the total market capitalization dropping by $111 billion in the last 24 hours, now standing at $3.78 trillion. This decline is attributed to persistent investor skepticism and selling pressure from short-term holders, particularly affecting Bitcoin and altcoins like MYX Finance. The market is approaching a critical support level of $3.73 trillion, with potential further declines if bearish momentum continues. Bitcoin's price remains relatively stable at $112,345, just below the $112,500 support level, despite increased volatility from profit-taking. The cryptocurrency is holding above the crucial $110,000 mark, providing some optimism for recovery. For Bitcoin to regain bullish momentum, it needs to establish $115,000 as a support level, which could lead to a push toward $117,261. MYX Finance saw a 12.6% drop, trading at $3.27, below its $3.73 resistance. Despite the decline, MYX remains above its key support level of $2.64, with limited chances of falling below this threshold. A successful breakout above $3.71 could drive MYX toward $4.00, signaling a potential recovery.