The market capitalization decreased to 3.22 trillion USD, facing risk aversion from geopolitical tensions, rebounding slightly to 3.28 trillion USD after testing support levels.
Bitcoin dropped initially to 102,500 USD but recovered to 105,000 USD, attracting buying interest. Investors see Ethereum as undervalued amid potential SEC accommodations for DeFi.
With a shift towards institutional investment, Bitcoin reserves on centralized exchanges have fallen to 2.5 million BTC, reflecting a structural transformation in the market.
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