Crypto Market Starts the Day with an Increase: Bitcoin Approaches $26,000 - COINTURK NEWS
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Crypto Market Starts the Day with an Increase: Bitcoin Approaches $26,000

3:15 pm (29 days ago)
August 29, 2023

The crypto market started the day with a rise. The leading cryptocurrency Bitcoin (BTC) gained an average of 0.2% in the last 24 hours, approaching the price level of $26,000 significantly. Most of the high market value cryptocurrencies recorded value increases at low rates during the day.

Crypto Market Starts the Day with an Increase

The leading cryptocurrency Bitcoin (BTC) recorded a value increase of over 0.2% in the last 24 hours, surpassing the $25,900 price level and approaching the $26,000 price level significantly. With the low rate value increases of most high market value cryptocurrencies during the day, the crypto market started the day with an increase.

The total market value of the crypto ecosystem reached $1.05 trillion, according to CoinMarketCap (CMC) data. In addition, the 24-hour total trading volume of the crypto market increased by over 15% to $23.76 billion.

With their recent price movements, Ethereum (ETH) started trading from $1640, BNB from $217, XRP from $0.51, Cardano (ADA) from $0.26, Dogecoin (DOGE) from $0.062, Solana (SOL) from $20.19, and TRON (TRX) from $0.076. On the other hand, volatility in the crypto market has decreased. According to Coinglass data, there were liquidations of short and long positions worth an average of $30 million in the crypto market in the last 24 hours.

Highlighted Cryptocurrencies of the Day

With the rise of the leading cryptocurrency BTC, some cryptocurrencies recorded high percentage value increases during the day. Avalanche (AVAX), Polkadot (DOT), Bitcoin SV (BSV), Toncoin (TON), THORChain (RUNE), and Algorand (ALGO) were among the top-rising cryptocurrencies in terms of percentage among the top 100 cryptocurrencies with the highest market value, according to CoinMarketCap data.

However, despite the rising trend in the crypto market, there were also crypto assets that experienced losses and diverged negatively from the market. Sui (SUI), Hedera (HBAR), Pepe (PEPE), Injective (INJ), and Curve DAO Token (CRV) were among the top-declining cryptocurrencies of the day with losses exceeding 3% in terms of percentage.

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