COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Maintains Stability Despite Market Volatility
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Bitcoin Maintains Stability Despite Market Volatility
Cryptocurrency News

Bitcoin Maintains Stability Despite Market Volatility

In Brief

  • Bitcoin is trading at $64,380, with altcoins stable after a recent drop.

  • Since November 2022, cryptocurrency markets have significantly increased.

  • Analysts believe a stronger bull market will assert itself soon.

COINTURK NEWS
COINTURK NEWS 11 months ago
Share
SHARE

Bitcoin (BTC) is trading at $64,380 as of writing, and altcoins have remained stable after the recent drop. Volume dropped by 50% today. The volume falling below $50 billion explains today’s shallow volatility. So, what does the popular crypto analyst Thomas say about the crypto bull market in light of the latest data? Should investors remain hopeful?

Contents
Uptrend in CryptoWhen is the Crypto Bull Market?

Uptrend in Crypto

Since November 2022, the cryptocurrency markets have significantly increased. BTC broke its all-time record and continues to stay in an uptrend. This is similar to how investors expect a turnaround for a rise after BTC makes new deeper lows in bear markets. However, since the trend is down in bear markets, new lows continue to be seen despite interim rises. For today, we should think the opposite according to historical data. Despite interim drops, the direction will be upward.

Although it is frustrating not to see the strong performance of the first quarter and many altcoins have retreated to levels seen when BTC was priced at $40,000, it does not mean everything is over.

When is the Crypto Bull Market?

Data from Farside Investors shows that Bitcoin ETFs experienced consistent outflows from June 13-21. On June 21, FBTC saw the largest outflow with $44 million. BlackRock, however, remained relatively strong. Thomas, co-founder of ApolloSats, also highlighted this by writing:

“Blackrock continues to HODL. Zero outflows today. While all other major ETFs turned into a bloodbath, +23 Bitcoin this week. Larry, you did it again.”

BlackRock increased its total holdings to 295,457 BTC by adding approximately 3,894 BTC worth about $276.19 million on June 5. In a separate analysis, Thomas drew parallels with previous Bitcoin halving cycles. According to him, the current decline reflects past patterns, and the analyst believes a bull market will assert itself more strongly in the coming days.

Moreover, we mentioned that different analysts do not yet claim we are at the bull peak according to various criteria. RSI is recovering weakly after dropping to extremely low levels, and BTC should start a reversal in the coming days.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Fed Minutes and NVIDIA Earnings Unsettle Cryptocurrency Markets

U.S. Financial Policy Shift Boosts Cryptocurrency Investments

Trump’s Strategic Move: Embracing Bitcoin

The Crypto Market Surges with Positive News and Global Liquidity Rise

Thailand Invites Crypto Payments for Tourists to Power the Economy

COINTURK NEWS 23 June, 2024 - 1:12 pm 23 June, 2024 - 1:12 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin and XRP Attract Japanese Investors
Next Article Bitcoin Investors Analyze Current Market Data
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Fed Minutes and NVIDIA Earnings Unsettle Cryptocurrency Markets
Cryptocurrency News
Cybercrime Targets Crypto Holders as Bitcoin Trends Soar
Cryptocurrency Security
U.S. Financial Policy Shift Boosts Cryptocurrency Investments
Cryptocurrency News
Bitcoin Surges with Unyielding Intensity as Market Awaits New Peaks
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?