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#Latest Situation# The cryptocurrency market is generally volatile. While many cryptocurrencies have experienced declines in the last 24 hours, some important developments are also noteworthy.
General Market Situation:
* Bitcoin (BTC): It is currently trading at $105,000 - $106,000 and has experienced a slight pullback in the last 24 hours. Experts state that Bitcoin is in an upward trend even in its monthly technical outlook, and that there is no reason to expect strong corrections. However, some analyzes indicate that Bitcoin may pause around $106,000 before gaining momentum. It is also among the news that $347 million in Bitcoin ETFs have exited in two weeks.
* Ethereum (ETH): It is trading around $2,600 - $2,650 and has experienced declines in the last 24 hours. The information that the Ethereum Foundation borrowed stablecoins from the Aave protocol and that more than $11 billion worth of Bitcoin and Ethereum options will expire today is also being talked about in the market. It is stated that a pennant formation has formed on the 4-hour chart in Ethereum and that it should not close below $2567 or even $2535 in order for the formation not to be broken.
Altcoin Market:
Many altcoins lost value in parallel with the declines in Bitcoin and Ethereum. In particular, significant declines were observed in popular altcoins such as Solana, Dogecoin, Cardano, Chainlink and Avalanche in the last 24 hours and on a weekly basis. However, increases were also seen in some altcoins (such as TONCOIN) in the last 7 days.
Important News and Developments:
* Bitcoin Investment from PSG: France's leading football club Paris Saint-Germain (PSG) became the first major sports club to invest in Bitcoin.
* XRP Investment from Chinese AI Company: News that a Chinese artificial intelligence company will invest $300 million in XRP also took place in the market.
In general, macroeconomic factors and regulatory news continue to influence price movements in the crypto market.