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Recently, the Crypto Assets market has shown a new active trend, with multiple zones beginning to show signs of pump. Ethereum, as the main character, has boosted the overall market sentiment, while also creating space for the performance of other Crypto Assets.
The price of Bitcoin remains stable around $117,000. Although there has been no significant rise, its continuous decline in market share has created space for the development of other crypto assets. This state provides a good environment for the performance of altcoins.
Ethereum has experienced a brief pullback, which may be related to some institutions reducing their holdings. However, the market generally believes that once new positive news emerges, Ethereum is likely to once again attempt to surge towards the $4000 mark.
It is worth noting that Solana has recently performed impressively, with prices approaching the $200 mark. With the increase in on-chain activity, some analysts believe that Solana may become the focus of market attention after Ethereum.
In terms of regulation, there are new developments in the case of Tornado Cash founder Roman Storm. Due to the possibility of key testimonies changing, the defense team is considering applying for a postponement of the hearing. This development has drawn the attention of Crypto Assets freedom advocates, who believe that this battle over encryption privacy is far from over.
At the same time, the integration of Crypto Assets and traditional finance continues to deepen. A new company called Ether Machine plans to hold over 400,000 Ether and is seeking to list on the US stock market. This practice of obtaining listing qualifications through holding digital assets seems to be becoming a new trend.
Overall, although the market has not fully strengthened yet, various sub-sectors such as NFTs, Meme coins, and Layer 2 solutions are showing active trends. Investors may have already begun to feel the changes in their investment portfolios, which could signal the arrival of a new rising cycle in the Crypto Assets market.