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 Reaches $60,000 and Faces Market Reactions
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 Reaches $60,000 and Faces Market Reactions
Cryptocurrency News

Bitcoin Reaches $60,000 and Faces Market Reactions

In Brief

  • Bitcoin rose to $60,296 before dropping to $59,900. Altcoins saw significant sales due to BTC price concerns. Overall crypto market volume weakened by 10% compared to yesterday. Bitcoin (BTC) rose to $60,296 and then dropped to $59,900. Volatility is high. The price targeting around $50,000 for a long time attempting above $60,000 again is positive […]
COINTURK NEWS
COINTURK NEWS 12 months ago
Share
SHARE

Bitcoin rose to $60,296 before dropping to $59,900.

Altcoins saw significant sales due to BTC price concerns.

Overall crypto market volume weakened by 10% compared to yesterday.

Bitcoin (BTC) rose to $60,296 and then dropped to $59,900. Volatility is high. The price targeting around $50,000 for a long time attempting above $60,000 again is positive for the coming days. So, what is the current situation in cryptocurrencies? What are the predictions for BTC?

Contents
Bitcoin (BTC)Current Situation in Cryptocurrencies

Bitcoin (BTC)

Although the price exceeding $60,000 starts to improve morale, the essential thing is closures above this level. Investors ensured significant supports were tested by making serious sales in altcoins due to concerns that the BTC price would experience deeper dips. Now, for similar rapid returns, the $64,500 threshold needs to be exceeded.

Germany’s sales ended, and BKA sold 50,000 BTC in a few weeks. MTGOX returns continue at an uncertain pace. Genesis Trading sales are relatively slow. Miners have dropped their reserves to a 10-year low, and according to on-chain data, whales bought 100,000 BTC during last week’s excessive sales.

On the macroeconomic front, inflation continues to fall, and employment has weakened. On the other hand, at least two interest rate cuts are expected for 2024, and this expectation has increased by more than 20% in the last week. In short, the BTC price exceeding $60,000 is normal and even overdue in many respects.

Current Situation in Cryptocurrencies

XRP Coin achieved impressive gains on the anniversary of last year’s summary judgment. The price surprisingly jumped above $0.51. The total volume in the cryptocurrency markets is $49.4 billion, a 10% weakening compared to yesterday. On the other hand, BTCD slightly eased, and the total market value of cryptocurrencies rose to $2.2 trillion.

The fear and greed index recovered from extreme fear to a neutral level of 45. The week’s winner among the top 100 cryptocurrencies was MOG Coin, which increased by 31%. AAVE, RON, and OM Coin rose by more than 20%. RNDR, WIF, and AKT Coin were the flag bearers in the opposite direction, falling by 10% in one week. BTC increased by 4% compared to a week ago.

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

Trump Tariffs Stir Waves of Uncertainty in Crypto Markets

Bitcoin Holds Steady While Investors Await Major Developments

Master the Art of Crypto Investing with Proven Strategies

New Crypto Fund Offers Exciting Diversified Opportunities

Barclays Halts All Crypto Transactions via Bank Cards

COINTURK NEWS 14 July, 2024 - 8:32 am 14 July, 2024 - 8:32 am
Share This Article
Facebook Twitter
Share
Previous Article PEPE Price Faces Challenges in Gaining Momentum
Next Article Trump Supports Cryptocurrency and Gains Political Advantage
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

Unveil the Spy Drama Linking Crypto Theft to Israeli Intelligence
Cryptocurrency Security
Ethereum Foundation Stirs Excitement with Large ETH Transfers
Ethereum (ETH)
Judge Rejects Joint Request, Keeping Ripple-SEC Legal Tensions Alive
Ripple (XRP)
Changpeng Zhao Predicts Bitcoin’s Value Outshining US Homes
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?