The latest situation in the cryptocurrency market. The price movements of major cryptocurrencies such as Bitcoin and Ethereum are being closely monitored.

Current Prices (Approximate values ​​as of May 20, 2025, 03:30 CEST):

* Bitcoin (BTC): It is trading between $ 105,000 - $ 106,000. A slight increase is observed in the last 24 hours.
* Ethereum (ETH): It is trading between $ 2,500 - $ 2,530. It seems to have a more pronounced upward trend compared to Bitcoin.
* Other Altcoins: Altcoins generally have a mixed picture. While some altcoins are gaining value, others are experiencing declines. The volatility in meme coins and new projects that have become popular recently is particularly striking.
Important Developments and News:
* Interest in Bitcoin ETFs: The revival of interest in Bitcoin spot exchange-traded funds (ETFs) stands out as an important factor supporting the Bitcoin price.
* Ethereum Pectra Upgrade: Developments regarding the Pectra upgrade on the Ethereum network are being closely monitored. This upgrade is expected to have positive effects on the scalability and efficiency of the network.

* US Economic Indicators: The US economic indicators to be announced this week may also have an impact on cryptocurrency markets. In particular, data on inflation and interest rates may affect investors' risk appetite.

* Institutional Investments: Institutional investors' interest in the cryptocurrency market continues. Bitcoin purchases by companies such as Metaplanet create a positive atmosphere in the market.

* Legal Regulations: Legal regulations regarding cryptocurrency markets continue to remain on the agenda. The CMB's "proof of reserve" regulation for crypto asset platforms in Türkiye is an important development in this regard.

Technical Analysis:

* The $96,900 level is indicated as support for Bitcoin, while the $104,600 level is indicated as resistance. An upward breakout is expected.
* It is stated that Bitcoin has been moving in an ascending channel for about 1.5 months and is currently trying to break the $ 105,755 resistance.

* It is stated that there are important support zones for Ethereum in the range of $ 1900 - 1950 and $ 1700 - 1750.

General Assessment:
The cryptocurrency market is currently at an important threshold. Bitcoin's effort to break the psychological limit above $ 100,000 and the movement in altcoins are attracting the attention of investors. Despite the general optimism in the market, it should not be forgotten that volatility and uncertainties continue. In particular, macroeconomic developments and regulatory news will continue to be decisive in the direction of the market.

Remember: This information is a snapshot, market conditions can change in seconds. It is important to do your own research and evaluate the risks before making investment decisions.

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