Crypto Market Weekly Turnaround: Stabilization and Dust Settlement

The crypto market continued its stabilization and recovery trend after the sharp selling seen in previous weeks, during the 06-10 July period. Bitcoin and Ethereum prices remained stable around $1000 and $300, respectively. In the altcoin segment, Cardano (ADA) and Solana (SOL) showed fluctuations of %5-10, while meme coins experienced drops of up to %15. Analysts noted that the market appears to be in a temporary lull.

Crypto Market's Erratic Movements - Bitcoin and Ethereum's 24-hour changes remained within %2-3.

■The biggest declines in altcoins were seen in XRP and Dogecoin.

■DeFi and NFT sectors also declined by %8-12, following the general market trend.

Forecast for the Market - Experts suggest that the crypto market could see a new uptrend in the coming week.

■Regulations in China and Fed decisions in the US could have significant impacts.

■Inflation data continues to influence crypto market expectations.

The stability shown by the crypto market in this period may indicate significant movements in the long term. Technical analyses suggest the formation of new support levels at Fibonacci levels. Our algo-trading strategies are closely monitoring this development.