The cryptocurrency market generally follows a dynamic course, but the recent movement in Bitcoin and Ethereum has drawn attention. Here are the prominent headlines about the general situation of the market:

Bitcoin (BTC):

* Price Course: Bitcoin has recently approached the $ 103,000 level and has occasionally tried to maintain its stability above this level. While $ 105,000 is stated as a critical level, higher targets such as $ 116,504 are also mentioned. However, there are also correction signals and the support zone at $ 106,800 is being followed.
* Formations: While the "cup-handle" formation is observed in the daily chart, the "head and shoulders" pattern in the 4-hour chart indicates a potential downward trend.
* Supply and Demand: Bitcoin's price is affected by supply and demand as well as mining costs. Especially the statements of important figures such as Musk and the increase in institutional interest can have an impact on the price.
Ethereum (ETH):

* Price Trend: Ethereum, despite experiencing slight declines in the last 24 hours, is trading at $2,520. On a monthly basis, it has recorded a significant increase (approximately 35-43%).
* Formations: It is stated that a pennant formation has formed on the 4-hour chart, and closing below $2,567 and $2,535 may cause the formation to break down and bring $2,100 levels to the agenda.
* Market Value and Volume: Ethereum's current market value is around $300 billion.
Altcoin Market:
* Altcoins other than Bitcoin and Ethereum generally follow a course parallel to the movements of Bitcoin and Ethereum. While many altcoins have experienced declines in the last 24 hours, some have suffered greater losses on a weekly basis.
* Altcoin market value can be examined without the influence of Bitcoin and Ethereum and a general view can be obtained.
Factors Affecting the General Market:

* Regulations: The MiCA Regulation in the EU aims to protect consumers, prevent market manipulation, and ensure financial stability. While these regulations may create uncertainty in the market, they also have the potential to increase trust and transparency.
* Whale Movements: The buying and selling movements of "whales" who own large amounts of cryptocurrencies have significant effects on the market. These movements can trigger price fluctuations and lead to allegations of market manipulation.
* Institutional Investor Interest: The interest of institutional capital in cryptocurrencies continues to increase. This has the potential to reduce volatility in the market over time and ensure that assets are accepted by a wider range of investors. Recently, it has been seen that some large companies are planning billions of dollars in crypto investments.

In summary: The cryptocurrency market has a dynamic structure affected by many factors such as global economic developments, regulations, institutional and individual investor interest, and whale movements. While critical levels and formations in Bitcoin and Ethereum are closely monitored, the effects of legal regulations will also be important for the future course of the market.