$BTC $BTC

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Market Overview
Bitcoin (BTC) has dipped 0.8% over the past 24 hours, currently trading at $104,674. Ethereum (ETH) is down 0.6% at $2,594.45. Solana (SOL) and Cardano (ADA) have also declined, with SOL at $152.44 and ADA at $0.6789. These movements come amid market consolidation and profit-taking following recent highs.

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Coin-Specific Highlights

Binance Coin (BNB): Despite a 5% price increase, BNB's funding rate remains negative, indicating a prevalence of short positions. This suggests cautious optimism among traders.

Ethereum Layer-2 Activity: Ethereum's Layer-2 networks have seen a 41% increase in daily transactions, driven by reduced fees post-Dencun upgrade. This trend underscores the growing adoption of scalable solutions within the Ethereum ecosystem.

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Global Trends

Emerging Markets and Crypto Reserves: Countries like El Salvador and Paraguay are collaborating to enhance cryptocurrency regulation, recognizing the strategic importance of digital assets in national reserves.

Real-World Asset Tokenization: The tokenization of real-world assets is gaining momentum, with expectations that it will significantly contribute to the crypto market's growth, potentially reaching a $3.4 trillion market cap by 2025.