There is a general trend in the cryptocurrency market. Here are some prominent headlines:
Overall Market Status:
* Bitcoin ($BTC ): Bitcoin has recently been experiencing volatile movements. It was observed to approach the $100,000 level before retreating. The current price is around $104,100. Some analysts believe that the supply shortage of Bitcoin indicates a target of $200,000 by 2025.
* Altcoins: While Bitcoin's dominance is declining, some analysts suggest that a mini altcoin season may be approaching. However, typically, altcoin movements run parallel to Bitcoin.
* Trading Volume: Reports indicate that a market with no trading volume may support analysis over the weekend.
Important News and Developments:
* CMB Regulation: The Capital Markets Board (CMB) has introduced 'Proof of Reserve' regulations for cryptocurrency asset platforms.
* Trump Effect: Donald Trump's comments on the cryptocurrency market may lead to price fluctuations.
* Technical Analysis: Bitcoin's support level is at $96,900, and resistance is at $104,600. An upward breakout is expected. A level of 65.38% is considered significant resistance for Bitcoin's dominance.
* Institutional Interest: Blockchain company BTCS reportedly plans to purchase $57.8 million worth of Ethereum.
Some Altcoin Situations:
* Ethereum ($ETH ): It moves in parallel with Bitcoin. Protecting the $2,500 level is considered important.
* Dogecoin ($DOGE ): It may show volatile movements.
* Solana (SOL): It is reportedly preparing to reach a target of $210 in technical analysis.
General Expectations and Analysis:
* Some analysts say that Bitcoin's monthly close is positive, and they expect prices to move towards $130,000-140,000.
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* People believe that the reduction in Bitcoin supply will support price increases in the long term.
* The overall risk appetite in the market and macroeconomic developments continue to affect cryptocurrencies.
