Technical Recovery Expectations for Bitcoin and Ethereum

Increase in Cryptocurrency Transactions in Asia

In Asian markets, Bitcoin and Ethereum have entered a critical technical recovery process. On Thursday, the value of Bitcoin dropped by %17 to as low as $60,057. This value represents the lowest intraday level since October 2024. However, after analyses and evaluations, Bitcoin saw an increase of %2.7 during the day, rising to $64,811.

Ethereum Continues to Rise

Following Bitcoin, Ethereum also gained %3 in value, reaching $1,902. While cryptocurrency investors are questioning whether this increase will be sustainable, analysts indicate that technical levels and overall market sentiment will be decisive for future movements.

Developments That Could Weaken Market Sentiment

During this recovery process, a noteworthy development for investors was the shift in focus of Galaxy Digital towards artificial intelligence data centers. IG market analyst Tony Sycamore pointed out that this shift could create additional cooling in investor confidence. In addition to developments in the cryptocurrency ecosystem, there is great interest in how investments, especially in artificial intelligence and data management, will affect market dynamics.

Conclusion and Future Expectations

The resurgence of Bitcoin and Ethereum is viewed as an encouraging signal for the future of cryptocurrency markets. However, there are many variables that investors need to be cautious about. In the coming days, the extent to which the market will sustain this technical recovery remains a subject of curiosity.