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 Price Volatility Increases Amidst Market Uncertainty: Expert Believes No Sharp Drop is Likely
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 > Bitcoin (BTC) > Bitcoin Price Volatility Increases Amidst Market Uncertainty: Expert Believes No Sharp Drop is Likely
Bitcoin (BTC)

Bitcoin Price Volatility Increases Amidst Market Uncertainty: Expert Believes No Sharp Drop is Likely

In Brief

  • Bitcoin‘s (BTC) price volatility has been showing an increasing trend in recent days. Despite the turbulent market conditions, Yann Allemann, co-founder of leading on-chain data platform Glassnode, stated that a sharp drop in the price of the largest cryptocurrency is unlikely.ContentsOptimism Grows Amidst Market UncertaintyThe Current State of the Crypto Market Optimism Grows Amidst Market […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Bitcoin‘s (BTC) price volatility has been showing an increasing trend in recent days. Despite the turbulent market conditions, Yann Allemann, co-founder of leading on-chain data platform Glassnode, stated that a sharp drop in the price of the largest cryptocurrency is unlikely.

Contents
Optimism Grows Amidst Market UncertaintyThe Current State of the Crypto Market

Optimism Grows Amidst Market Uncertainty

Bitcoin, which experienced a promising 6% rise over the weekend and tested the $28,500 level, lost its gains by 4.5% the next day.

This decline is partly attributed to the underperformance of Ethereum (ETH) exchange-traded funds (ETFs) launched on October 2nd and increasing concerns about an impending economic crisis. However, the “Bitcoin Risk Signal,” a proven indicator, dropped below the high-risk threshold, signaling optimism.

Yann Allemann, co-founder of Glassnode, highlighted the Bitcoin Risk Signal indicator and evaluated the likelihood of a significant drop in Bitcoin’s price. Allemann stated that there is no significant drop on the horizon for BTC.

The Current State of the Crypto Market

CoinMarketCap data shows that there has been an inflow of funds into the cryptocurrency market in the past 24 hours, with the total market value increasing by 0.55% to $1.09 trillion.

With a market value of $539.3 billion, Bitcoin, the largest cryptocurrency, is currently trading at $27,655, up 0.88% in the past 24 hours. BTC continues to dominate the crypto market with a 49.7% market dominance, showing a 4.71% increase in the past 7 days and a 7.52% increase in the past 30 days.

On the other hand, Ethereum, the largest altcoin, has shown a low performance despite the launch of the first-ever futures ETFs in the United States. ETH is currently trading at $1,640, with a minimal increase of 0.02% in the past 24 hours. Among the top 25 altcoins, Ripple’s XRP stands out with a 3.15% increase and Avalanche‘s AVAX with a 4.97% increase in the past 24 hours.

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

Bitcoin Forecast: Rekt Capital Predicts New Peaks and Market Phases

Bitcoin Surges with Institutional Interest and Positive Economic Signals

Bitcoin Surges as the Dollar Index Weakens

Coinbase Embraces Innovative Strategy by Managing Bitcoin Holdings Differently

Arthur Hayes Predicts Bitcoin’s Meteoric Rise as Money Supply Soars

COINTURK NEWS 5 October, 2023 - 9:43 am 5 October, 2023 - 9:43 am
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin: Analyst Reveals Key Levels for Bullish Market and Potential Drop
Next Article Time to Hit the Brakes on Ethereum, the Altcoin King
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

Bitcoin Forecast: Rekt Capital Predicts New Peaks and Market Phases
Bitcoin (BTC)
Whale Activity Surges as Dogecoin Records Massive Purchases
Dogecoin (DOGE)
Ethereum Surges with Massive Withdrawals from Centralized Exchanges
Ethereum (ETH)
Rug Pull Schemes Drain Investors: Solana Altcoin Projects Collapse
Altcoin News
//

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?