There is a general downward trend in the cryptocurrency market. Many major cryptocurrencies, including Bitcoin and Ethereum, have lost value in the last 24 hours.

Latest status for Bitcoin (BTC):
* Price: Bitcoin is traded around $106,000 - $109,000. It has lost approximately 2% to 3% in the last 24 hours.
* Market Value and Volume: While the market value varies between $2.14 Trillion - $2.16 Trillion USD, the 24-hour trading volume is at $65 Billion - $67 Billion USD levels.
* Weekly and Monthly Status: While it still shows a positive change (around 4%) in the last week, it has increased by approximately 15% in the last month. However, there is a correction in the short term.
* All-Time High: It recently reached a new record level of $111,970. The declines after this record level can be interpreted as profit sales.
Latest status for Ethereum (ETH):
* Price: Ethereum is trading around $2,500 - $2,600. It has fallen by about 3% to 4% in the last 24 hours.
* Market Value and Volume: Market value is around $308 Billion - $311 Billion USD, 24-hour trading volume is $29 Billion - $33 Billion USD.
* Weekly and Monthly Status: Although it still showed a slight increase (around 1-4%) in the last week, it had recorded a much higher increase of 47-51% in the last month. The current decline can be seen as a correction following this rapid rise.
* Technical Analysis: Some analysts state that the $2,500 level is a critical support point for Ethereum and that the rise may continue if this level is maintained.
General Market Situation and Reasons for the Decline:
* Profit Sales: Following the strong increases recorded by Bitcoin and Ethereum in recent times, investors' profit realization is shown as one of the main reasons for the decline in the market.
* Global Macroeconomic Factors:
* Inflation and Interest Rates: Uncertainties regarding US inflation data and the FED's interest rate policies may cause investors to move away from risky assets. Indices falling to extreme fear levels indicate that investors are cautious.
* Geopolitical Tensions: Global political and economic uncertainties may negatively affect the crypto market by reducing risk appetite.
* Regulatory Uncertainties: Uncertainties in regulations regarding cryptocurrencies or the possibility of new restrictive regulations continue to put pressure on the market. Developments such as the CMB's "proof of reserve" regulation in Türkiye may also affect the market.
* Arbitrage Opportunities: Although there are small differences (arbitrage opportunities) in Bitcoin prices between some exchanges, the general trend is downward.
Biggest Drops in the Last 24 Hours:
Although it varies according to different exchanges and data providers, it is stated that some altcoins have seen drops of more than 50% in the last 24 hours. Such large drops are usually seen in projects with small market caps or those exposed to specific news. For example, there have been significant drops in coins such as MOODENG Moo Deng SOL, ACT Act I The AI ​​Prophecy, BNX BinaryX.
In summary: The crypto market is in a correction phase after the sharp increases in recent days. The declines in Bitcoin and Ethereum are associated with profit taking and macroeconomic uncertainties. It is important for investors to follow the current news and market analysis carefully.
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