Crypto Cap Nears $2.6T as Nvidia Boost, SpaceX BTC, NEAR Rally

The total crypto market capitalization rose 0.19% to $2.57 trillion on May 22, adding about $4.93 billion after strong Nvidia earnings helped lift risk appetite in markets. Bitcoin traded near $77,699 and NEAR Protocol led top-100 gainers with a 21% advance to $2.10.

The advance brought the market close to a $2.60 trillion decision zone. A daily close above $2.60 trillion would open a route toward $2.72 trillion, while a rejection could return the index to the $2.53 trillion–$2.47 trillion consolidation band. The $2.47 trillion level has held since April 19. The broader U.S. equity market finished higher on May 21, with the S&P 500 up 0.17%.

An IPO filing disclosed SpaceX held 18,712 BTC at the end of the first quarter, equal to roughly $1.29 billion at current prices. That figure was larger than earlier on-chain estimates and added to examples of corporate Bitcoin treasuries.

Bitcoin technical indicators showed the 50-day exponential moving average at $76,821 and the 100-day EMA at $76,896, leaving the two averages in a tight band. A bullish crossover of the shorter EMA above the longer EMA would clear immediate resistance at $80,195, followed by targets near $82,802 and the 200-day EMA at $81,642. Further upside targets cited by technical analysis include $84,910 and $87,017. A daily close below $75,980 would put the recent uptrend at risk of resetting.

NEAR Protocol rose after NEAR AI released an automatic personally identifiable information anonymization feature on May 19 that removes sensitive data from prompts before they are sent to external models. The token broke out of a rising parallel channel that had contained price action since February on volume of 14.42 million NEAR. Technical projections from the breakout point indicate a measured target near $2.55, with $2.65 possible under favorable market conditions. Near-term support levels are around $1.92, with deeper pullback levels near $1.82 and $1.74.

Other market metrics showed crypto open interest more than 50% below its October 2025 peak, signaling lower leverage in futures markets. The Cardano founder warned the Cardano research lab could close if a 32.9 million ADA funding proposal does not pass before a June 8 vote. Separately, on-chain analysis estimates about 6.04 million BTC are exposed to potential future risks from quantum-computing developments.

Key reference points in the current market are the $2.60 trillion level for total capitalization and the cluster of Bitcoin EMAs between $76,821 and $76,896, with immediate resistance at $80,195 and downside risk near $75,980.