| Currency | Current Price | Change During the Day |
|--------|--------------|-------------------|
| Bitcoin ($BTC ) | $104,836.08 | +1.29% |
| Ethereum ($ETH ) | $2,547.45 | +1.11% |
| Solana ($SOL ) | $156.68 | +1.15% |
| Ripple (#XRP ) | $2.1804 | +2.42% |
| Binance Coin (BNB) | $659.07 | +0.77% |
Hot News
1. Bitcoin testing key support areas
Bitcoin is testing key support areas as altcoins decline. Despite this decline, TBO Breakout indicators on Bitcoin's daily chart remain intact, suggesting that the overall bullish trend is still in place. We might see short-term downward volatility, but the current decline is considered part of a healthy market movement.
2. JPMorgan's warning about Ethereum
JPMorgan issued an important warning indicating that Ethereum may face limited growth and weak demand following the recent network upgrade. This comes despite the improvement in Ethereum's price, which is currently trading at $2,547.45, raising questions about the future of the second-largest cryptocurrency by market capitalization.
3. Solana drops by 11.5%
The Solana (SOL) coin has experienced a sharp decline of 11.5% over the past few days, but it has started to recover today with an increase of 1.15% to reach $156.68. This volatility reflects ongoing concerns regarding network stability and increasing competition in the smart contracts sector.
4. Chainlink (LINK) at a critical level
Chainlink (LINK) is trading at a critical level, with analysts questioning whether it can maintain the $13.40 level or will drop to $10.40. Currently, the coin is trading at $14.01, surpassing the mentioned resistance level by approximately 2.6%.
### 5. Huge growth in stablecoin payments between businesses
Stablecoin payments between businesses have seen exceptional growth of 30 times over the past two years. This growth indicates an increasing adoption of cryptocurrencies in business transactions and international money transfers, enhancing the position of decentralized financial technology.
Market Trends
Bitcoin dominance is temporarily declining
Bitcoin's dominance index has decreased and entered the 'cloud' area on the daily chart, indicating a potential shift in market dynamics. At the same time, the Ethereum dominance index (ETH.D) closed above the daily TBO cloud, which is a rare and strong bullish signal for Ethereum.
Increasing interest in low market cap altcoins
With the decline in dominance of the top 10 cryptocurrencies, it seems that investors are turning to low market cap altcoins in search of higher returns. This pattern often recurs during periods of Bitcoin consolidation, indicating a potential new cycle for altcoins.
Outlook
Despite the current correction, technical indicators suggest that the cryptocurrency market is still in a medium-term upward trend. Investors are awaiting upcoming inflation data and central bank decisions that may affect risk asset markets in general, including the cryptocurrency market.
With continued inflows of institutional investments and the evolution of market infrastructure, analysts expect a return of upward momentum during the third quarter of 2025, especially with the approaching Bitcoin mining reward halving.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice.
