$BTC
📰 Latest Market Developments and Their Impact
1. Bitcoin recovers to $114.5K, and ETH slightly rebounds
0-1 After a sharp decline last week, BTC returned to ~114,500 $, while ETH rose by about +3% to around 3,559 $, and XRP climbed above 3.00 $ (+5%) .
Previously, the market lost nearly 195 million dollars from Long positions after the shock of U.S. tariffs and the rise of the dollar .
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2. Smart money shifts from BTC to Altcoins
579-0 Analysts indicate that Bitcoin has entered what is called the "Distribution Phase according to the Wyckoff Model". This means that large investors have started to take profits and transfer their capital to Altcoins that have begun to emerge from accumulation zones .
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3. Assessing the Institutional Market Environment
849-0 While prices are experiencing volatility, funds like DeFi and PayFi (such as Telcoin, Stellar tokens) are achieving quick and profitable gains of up to +8% today .
1032-0 On the other hand, flows into BTC and ETH indicate continued institutional support despite pressures .
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4. Indonesia tightens taxes on trading
1146-0 Authorities have begun imposing a new tax on cryptocurrency trades, which is set at 0.21% on local platforms and 1% on foreign trades, while the VAT on mining has been phased out to zero .