Crypto Market at a Crossroads: Profits Taken, Traders Await New Impulses
📉 Bitcoin Pulls Back After Peak
BTC has dropped to $106,000, retreating from its all-time high of $111,980. After a strong rally, investors are taking profits. The key support zone is $104,000 — if it holds, it may signal a new bullish impulse.
📉 Solana Drops 5%
SOL is down to $164, losing ground due to reduced activity in the DeFi sector and profit-taking after recent gains. Technically, it’s still holding above key support at $160.
📈 Ethereum Holds Steady Without Momentum
ETH is trading around $2,630, showing little movement. Trading volume is average, but major players are watching the $2,700 level — a breakout could trigger new buying pressure.
🔄 Cardano Shows Signs of Life
ADA is at $0.71 with rising volatility. Rumors of a network upgrade have sparked renewed interest from traders. Open interest in futures is climbing.
📰 Other Notable Developments:
• 🇺🇸 U.S. labor market data came in better than expected — a positive signal for markets.
• 🎤 Bitcoin 2025 Conference continues — key discussions focus on regulation and institutional adoption.
• 🧑💼 Michael Saylor purchased an additional $400M in BTC — MicroStrategy remains committed to aggressive accumulation.
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📊 What to Expect Next?
• Potential weekend volatility.
• New impulses possible in BTC/USDT, ETH/USDT, and ADA/USDT pairs if positive news emerges.
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🔔 Stay tuned — the most exciting moves may still be ahead!
