$BTC Market Summary
The global cryptocurrency market is witnessing growth; the total market capitalization has increased by approximately +1.5% to +1.8% over the last 24 hours, according to sources like CoinGecko and CoinMarketCap.
Bitcoin dominance has stabilized around 58–59% of the total market, with a slight decline in daily dominance.
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Bitcoin (BTC)
Daily Performance: Slight decline of about -0.2%, with prices reaching between $116,700–$117,300.
Influencing Factors: BTC's performance is strongly linked to the traditional financial market, with recent analyses showing an 80% correlation with stocks, suggesting a potential clear change in trend soon.
Overall Scene: Despite slow performance, BTC continues to lead, with the Altcoin Season Index low (34), reflecting a phase characterized by Bitcoin's relative dominance over the market.
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Ethereum (ETH)
Daily Performance: Notable jump of +3 to +7%, with prices reaching around $4,100–4,200.
ETH has reached its highest level in a year, surpassing the $4,000 barrier thanks to a significant purchase of $122 million by a major entity (whale), along with massive inflows from institutional funds.
The ETH/BTC ratio shows ETH's superiority; it has risen to 0.03575–0.036, its highest level since February, reflecting Ethereum's relative strength against Bitcoin.
Future Predictions: ETH is expected to soar by +50% over the next 30 days, with forecasts exceeding BTC in the upcoming bull cycle, supported by favorable technical updates (Ethereum 2.0 and others).
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Overview and Evaluation
Currency Daily Performance Overall Trend Fundamental Notes
Bitcoin 🟠 Slight decline (~-0.2%) Stable, with a strong correlation to the traditional market Stable market dominance, linked to global markets.
Ethereum 🟢 Strong rise (+3–7%) In strong uptrend Rallies supported by institutional accumulation and strong relative growth.
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Summary
Today, Ethereum is the standout winner; with its strong rise, it outperforms BTC in relative performance.
While Bitcoin is more stable and its influence is tied to the general market, Ethereum is attracting strong interest from institutional investors and is heading towards a leading role in the upcoming bull phase.