Daily Cryptocurrency Market Overview

😀 Key Market Events

Bitcoin (BTC) surged by 6.6% in the last 24 hours, trading around $60,900. This increase comes amid growing market activity and expectations that BTC may climb back above $70,000. However, some analysts are cautious, warning of a potential pullback to $45,000 in the coming weeks.

😀Ethereum (ETH) also saw significant growth, rising by 10.4% to $2,685. This momentum is driven by increased demand and positive news regarding inflows into Ethereum ETFs, which supports optimism in the market.

😀Altcoins are showing mixed performance. For example, Solana (SOL) gained 2.1% to $156, despite recent challenges. Meanwhile, Sui (SUI) surged by 29.9%, leading among altcoins over the past 24 hours.

😀Current Trends

The cryptocurrency market remains highly volatile. Liquidations over the past 24 hours totaled $221 million, with 72% of these liquidations coming from long positions, highlighting the risks associated with margin trading.

Market activity is also reflected in the increase in cryptocurrency market capitalization to $2.2 trillion, with a daily trading volume of $141 billion. Influential news, such as Vitalik Buterin's statements on Ethereum improvements and increased trading volumes on Solana DEX, are also supporting the current rally.

😀Forecasts and Expectations

The scenario of further Bitcoin growth to $70,000 remains plausible, with potential pullbacks to $52,000 - $53,000 as part of a short-term correction. Altcoins may either follow BTC's lead or display their own trends based on individual news and market conditions.

😀Long Position Recommendations

Given the current situation, we continue to monitor SOL, TIA, STX, ENS, which have already shown strong performance and may continue to rise if the market stabilizes.

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