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#Cryptocurrency market latest situation
Overview:
The market is generally showing positive momentum. There are increases in many cryptocurrencies. The price movements of major cryptocurrencies, especially Bitcoin (BTC) and Ethereum (ETH), are being closely followed.
Highlights:
* Bitcoin (BTC): Bitcoin has approached a new record by exceeding the $ 100,000 level. 1 BTC is currently trading around $ 103,000.
* Ethereum (ETH): Ethereum is also in a significant uptrend. There have been significant increases in its price, especially due to the expected Pectra upgrade. 1 ETH is currently at around $ 2,340.
* Altcoins: Many altcoins are also supported by the positive movements of Bitcoin and Ethereum. Significant increases are observed in altcoins such as Sui (SUI), Solana (SOL), Dogecoin (DOGE).
* Market Value: The global cryptocurrency market value has increased significantly and is over $2 trillion.
Current Topics:
* ETF Inflows: Institutional investor interest in Bitcoin ETFs continues to increase, supporting prices upwards.
* Interest in Traditional Finance: Traditional financial institutions' interest in and investments in the cryptocurrency space is increasing.
* Regulations: Regulatory developments in cryptocurrency markets are being closely monitored. Steps such as the CMB's "proof of reserve" regulation for crypto asset platforms have an important place in the market.
* Technical Analyses: Technical analysts are evaluating Bitcoin's movements above $100,000 and possible resistance points. In some analyses, the $106,000 level is indicated as a significant resistance.
#Will BTC Hit a New ATH?
#Launchpad Initial Offering PFVS
#Crypto Market Rebounds