Birja
vip

Towards the end of the day, a mixed trend is observed in the cryptocurrency markets. While the Bitcoin (BTC) price is trying to hold above the $ 105,000 level, some altcoins are experiencing declines.


General Outlook:
* Bitcoin (BTC): It is trading in the $ 105,000 - $ 106,000 band. While some sources show a slight increase of around 0.5%, others talk about a decrease of 0.47%. Bitcoin's closing above $ 103,500 is interpreted as technically opening a door to $ 110,000 - $ 111,000 levels. It is stated that there may be serious movements in altcoins if Bitcoin's RSI exceeds the 70 level.
* Ethereum (ETH): It is trading around $ 2,450 - $ 2,500. It generally shows a slight downward trend.
* XRP (Ripple): It is trading at around $ 2.34 and is experiencing small decreases.
* Other Major Altcoins: Other major altcoins such as Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX) generally show slight declines. However, some altcoins (e.g. Aave, Mask Network) may also experience significant increases.
Major Events and Noteworthy Things in the Last 24 Hours:
* Regulatory News: The US Senate's advancement of the stablecoin regulation bill stood out as a development that positively affected the Bitcoin price.
* Institutional Interest: Data was shared showing that major institutions such as Standard Chartered are showing increasing interest in Bitcoin. It was stated that JPMorgan will also offer its clients the opportunity to directly purchase Bitcoin.
* Liquidation Concerns: Previous sharp declines (e.g. after Trump's tax statements) where billions of dollars of positions were liquidated in the market once again reveal the volatility of the market and the risks of leveraged transactions. The potential for such developments to reoccur is being followed by investors.
* Technical Levels: Persistence above $107,000 for Bitcoin is considered a potential bullish signal for altcoins.
General Assessment:
Although the cryptocurrency market generally follows a horizontal course at the end of the day, it finds certain support due to positive developments such as regulatory news and institutional interest. However, global economic factors and volatility in the market require investors to be careful. Risks, especially in leveraged transactions, continue to be emphasized.
post-image
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 26
  • Share
Comment
0/400
CryptoBee123vip
· 4h ago
Buy To Earn 💎
Reply0
Ybaservip
· 6h ago
Thank you for your effort, it was a very informative sharing.
Reply0
Kosmossvip
· 11h ago
Thank you for your effort, it was a very informative sharing.
Reply1
View More
Selim_sarivip
· 11h ago
Buy To Earn 💎
Reply0
ElizabethAldivip
· 12h ago
Watching Closely 🔍
Reply0
Hakumhansvip
· 12h ago
HODL Tight 💪
Reply0
Muzrafa61vip
· 12h ago
Thanks for the news
Reply0
C_must_88vip
· 12h ago
Good analysis, Good luck to everyone 🎉
Reply0
Feditavip
· 12h ago
Ape In 🚀
Reply0
Cinar_karavip
· 12h ago
Ape In 🚀
Reply0
View More