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Bitcoin and Ethereum Price Downtrend Amid Regulatory and Institutional Momentum
In my view, Bitcoin has declined to approximately $116,000, representing a decrease of around 2.6%, while Ethereum has fallen to about $3,640, down roughly 2.5%. The overall market capitalization has slipped to around $3.84 trillion from a recent peak of $4 trillion, signaling some profit-taking amid the recent rally.
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AI Analysis
The current market shows Bitcoin approaching support levels between $115,000 and $117,000, with a notable decrease of approximately 2.6%, indicating some short-term weakness. Ethereum, on the other ha...
AI Recommendation
Given the current technical setup and positive fundamental factors, I recommend maintaining a cautious yet optimistic stance on cryptocurrencies. It would be prudent to monitor ETF inflows and institu...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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