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There have been many important developments in the cryptocurrency market recently. Here are some of the prominent headlines and analyses:
Latest Situation and Highlights in the General Market:
* Bitcoin (BTC) Rise: Bitcoin has recently started to rise again, approaching the $110,000 level and even exceeding this level at some moments. It is observed that institutional investors continue to collect Bitcoin. $119,000 and even $1 million scenarios are being discussed for Bitcoin.
* Institutional Inflows: Institutional interest in crypto investment products continues. There was a capital inflow of $3.3 billion last week into crypto investment products launched by major asset managers such as BlackRock, Fidelity and Grayscale.
* Exchange Reserves: The ratio of the amount of Bitcoin on central exchanges to the supply of Bitcoin in circulation fell to its lowest level in 8 years. This may indicate that investors are withdrawing their Bitcoin from exchanges and tending to hold them for the longer term.
* Trump's Impact on the Crypto Market: Former US President Donald Trump's statements on the crypto market and the social media company's crypto investment plans caused movement in the market. News such as Trump's decree on the establishment of a "strategic Bitcoin reserve" also drew attention. However, it is stated that the number of wallets that profited from the Trump memecoin is much less than those who lost money, especially in the case of memecoins.
* Stablecoin Developments: The largest banks in the US are evaluating the possibility of issuing a joint stablecoin. Stablecoin company Circle is targeting a valuation of $6.71 billion in its IPO in New York.
The Situation in Altcoins:
* Ethereum (ETH): Along with the rise in Bitcoin, Ethereum has also shown a significant increase and is trading at $2,690.
* Solana (SOL): The $300 target in the Solana price is strengthening and on-chain data supports the rise. Standard Chartered predicts that the Solana price will increase by more than 50% by the end of 2025.
* Monero (XMR): Monero (XMR) has quietly risen by 150%.
* XRP: Bearish signals are getting stronger in XRP, on-chain data and charts are giving alarms.
* SHIB: Bullish signals are getting stronger for Shiba Inu (SHIB).
* Pi Network: While Pi Network has experienced significant price fluctuations recently, it is being commented that it could offer an opportunity for long-term investment at current levels.
Other Important News:
* Bitcoin 2025 Conference: With more than 30,000 attendees, more than 400 speakers and more than 5,000 companies participating, the Bitcoin 2025 Conference has started. This conference is expected to be a catalyst for crypto markets.
* MicroStrategy's Bitcoin Purchases: Strategy (formerly MicroStrategy), founded by American entrepreneur and investor Michael Saylor, announced that it has purchased 4,020 more Bitcoins at an average of $106,237.
* Elon Musk and X Money: Elon Musk has launched X Money beta testing and is expected to be live in 2025.
* JPMorgan’s Crypto Optimism: JPMorgan is taking an optimistic stance on crypto amid positive winds in the sector.