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Reading: Bitcoin Strikes Balance at $109,500 Despite Market Turbulence
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COINTURK NEWS > Cryptocurrency News > Bitcoin Strikes Balance at $109,500 Despite Market Turbulence
Cryptocurrency News

Bitcoin Strikes Balance at $109,500 Despite Market Turbulence

In Brief

  • Bitcoin stabilized at $109,500 after significant market fluctuations.

  • MYX Finance and HASH coin showed notable gains, defying market stagnation.

  • Overall market remained fragile with a notable weekly decline of $300 billion.

İlayda Peker
İlayda Peker 7 months ago
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Following significant fluctuations, the cryptocurrency market adopted a relatively quiet trajectory over the weekend. Notably, Bitcoin $78,084 established a foothold at $109,500. While the broader market mirrored Bitcoin’s calm stance, MYX Finance—a small-scale altcoin—captured considerable attention with its double-digit rise.

Contents
Bitcoin’s Quest for $109,500 StabilityMYX Finance Defies Market Lag

Bitcoin’s Quest for $109,500 Stability

Last week, Bitcoin tested the $118,000 mark but failed to surpass it, resulting in a sharp pullback. The price initially declined to $115,500 and further slid to $112,000 during the week. A brief recovery pushed the value to $114,000, but selling pressure persisted, driving Bitcoin below $109,000—its lowest in nearly four weeks.

Despite shedding over $6,000 by Thursday, Bitcoin rebounded above $110,000 on Friday but could not maintain its ground. As the weekend approached, Bitcoin steadied at $109,500. The leading cryptocurrency’s market valuation dropped to $2.18 trillion, while Bitcoin’s dominance rose to 56.5%, according to CoinGecko.

Ethereum $2,335, meanwhile, struggled to uphold the $4,000 support. Other prominent altcoins like Solana $86, Dogecoin $0.099087, Cardano $0.253725, HYPE, Chainlink $9, and Avalanche witnessed weekly double-digit losses. This weakness among large-cap altcoins underscores the market’s overall fragility.

The total cryptocurrency market value remained at $3.85 trillion. An approximate $300 billion decline occurred weekly, with short-lived rallies failing to translate into substantial recovery.

MYX Finance Defies Market Lag

Despite the prevalent market stagnancy, some smaller altcoins exhibited strong performances, setting themselves apart. Leading this breakaway was MYX Finance, which surged nearly 15% over 24 hours. HASH coin, too, emerged with a notable 24% rise, becoming the day’s standout altcoin.

Both altcoins experienced significant increases in trading volume. MYX Finance’s performance signals sustained investor interest in projects despite market-wide value losses.

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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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İlayda Peker 28 September, 2025 - 1:38 pm 28 September, 2025 - 1:38 pm
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