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There is a general movement in the cryptocurrency market. Here are some of the prominent headlines:
General Market Status:
* Bitcoin (BTC): Bitcoin has been following a volatile course lately. It is seen that it has approached the $ 100,000 level and then declined again. It is currently around $ 103,900. Some analysts think that the insufficient supply of Bitcoin indicates a target of $ 200,000 in 2025.
* Altcoins: While Bitcoin dominance is declining, some analysts state that a mini altcoin season may be on the way. However, in general, movements parallel to Bitcoin are observed in altcoins.
* Volume: It is stated that volumeless markets may support analyses over the weekend.
Important News and Developments:
* CMB Regulation: The Capital Markets Board (CMB) has introduced a "proof of reserve" regulation for crypto asset platforms.
* Trump Effect: Donald Trump's statements regarding the cryptocurrency market can cause fluctuations in prices.
* ETFs: Institutional interest in Bitcoin ETFs continues. BlackRock's IBIT ETF stands out in entries.
* Technical Analysis: Support levels of $96,900 and resistance levels of $104,600 are indicated for Bitcoin. An upward breakout is expected. The 65.38% level is watched as a significant resistance in Bitcoin dominance. Exceeding this level may increase Bitcoin dominance.
* Institutional Interest: Blockchain company BTCS is reportedly planning to purchase $57.8 million worth of Ethereum.
Situation in Some Altcoins:
* Ethereum (ETH): It moves parallel to Bitcoin. Protecting the $2,500 level is considered important.
* XRP: It is among the altcoins that have gained value in the last 24 hours.
* Dogecoin (DOGE): It can exhibit volatile movements.
* Solana (SOL): It is stated that it is preparing for the $210 target in technical analysis.
General Expectations and Analysis:
* Some analysts say that Bitcoin's monthly close is positive and that they expect a move towards $130,000-140,000.
* It is thought that the decrease in Bitcoin supply will support the price upwards in the long term.
* General risk appetite and macroeconomic developments in the market continue to affect cryptocurrency prices.
#Stablecoin Legislation
#PPI Data Release
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