#CryptoMarket4T The crypto market is experiencing significant fluctuations, with various assets displaying mixed trends. Here's a snapshot of the current market:
*Key Cryptocurrency Prices:*
- *Bitcoin (BTC)*: Trading around $117,980.45 USDT, reflecting a 0.70% decline over the past 24 hours. Despite this, Bitcoin's dominance is increasing, affecting altcoin investments.
- *Ethereum (ETH)*: Priced at $3,604.53 USDT, showing a modest 0.60% increase in the last 24 hours. Ethereum's rally is supported by strong demand for Ethereum ETFs, with net inflows reaching over $700 million.
- *BNB*: Trading at $729.70 USDT, reflecting a 1.46% decline over the past 24 hours.
- *SUI*: Priced at $3.75, with a 24-hour trading volume of approximately $2.4-$3 billion ¹ ².
*Market Trends:*
- The cryptocurrency market experienced liquidations of around $816 million in the last 24 hours, with long positions contributing $541 million and short positions $275 million. Bitcoin and Ethereum saw liquidations of $139 million and $215 million, respectively.
- The total crypto market capitalization has reached a new all-time high of $3.91 trillion, with altcoins participating in the rally alongside Bitcoin.
- Institutional investors are showing increased interest in cryptocurrencies, with companies like SharpLink Gaming expanding their Ethereum reserves ¹ ³.
*Regulatory Developments:*
- The U.S. House of Representatives has passed key crypto bills, boosting investor confidence and regulatory clarity. The GENIUS Act, signed by President Donald Trump, prohibits the issuance of yield-bearing stablecoins, potentially increasing interest in Ethereum-based DeFi platforms .