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COINTURK NEWS > Cryptocurrency News > Bitcoin and Altcoins Show Mixed Performance
Cryptocurrency News

Bitcoin and Altcoins Show Mixed Performance

In Brief

  • Bitcoin's price slightly recovered, reaching $59,272.

  • Ethereum led altcoins with a 4.50% increase, reaching $2,663.

  • DOGE maintained support at $0.10, rising by 3.04%.

COINTURK NEWS
COINTURK NEWS 11 months ago
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After the weekend’s bearish price movements in cryptocurrencies, Monday morning also showed a lull, with prices falling below $60,000, painting a negative picture. Looking back at last Monday, Bitcoin had lost strength and dropped to $48,800. Geopolitical events in the Middle East and Japan’s economic collapse had significant impacts. So, what is happening with Bitcoin and high-volume altcoins at the time of writing?

Contents
What is Bitcoin’s Current Price?Current Status of Altcoins

What is Bitcoin’s Current Price?

On August 5th, Japan’s economic collapse dragged Bitcoin’s price to its lowest levels, dropping to $48,800. After that, prices began to rise, and within a week, BTC surpassed $62,000, exciting investors about the possibility of reaching $70,000, but things didn’t turn out that way.

In the last 24 hours, Bitcoin’s price has slightly recovered compared to yesterday. Bitcoin’s price increased by just over 1%, reaching $59,272. During this period, Bitcoin’s market cap rose to $1.169 trillion, while the 24-hour trading volume surged past $37 billion, significantly higher than yesterday’s $24.9 billion.

Current Status of Altcoins

Following Bitcoin, attention turned to altcoins. Ethereum, the leading altcoin, stood out as the day’s biggest gainer among high-volume altcoins, pleasing its investors. After a 4.50% increase, ETH’s price reached $2,663. Following the price rise, ETH’s market cap surpassed $320 billion, and its 24-hour trading volume rose to $22 billion, indicating an increase of over 50%.

Binance’s native token, BNB, which previously hit an ATH of $720, also saw a price increase today. BNB’s price rose from yesterday’s $507 to $518. Solana, known as the Ethereum killer, had a limited rise. Solana’s price increased by 1.56%, trading around $145.

XRP, which made headlines last week with its victory against the SEC and rose above $0.50, saw a 0.61% increase in the last 24 hours, trading at $0.5677. After being listed on Binance, TON’s price rose from $4.5 to over $6, increasing by 2.95% to $6.27.

Finally, looking at Elon Musk‘s favorite, DOGE, despite its sharp decline, it is trading around $0.1051, maintaining the psychological support level of $0.10, giving hope to its investors. DOGE’s price movement in the last 24 hours saw a 3.04% increase.

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.

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COINTURK NEWS 13 August, 2024 - 10:53 am 13 August, 2024 - 9:08 am
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