The cryptocurrency market continues to experience a turbulent path in an uncertain environment. Price fluctuations in Bitcoin $103,261 and leading altcoins are causing concern among traders while simultaneously driving them to seek new opportunities. Market experts indicate that short-term price movements will become more pronounced in the coming days, with signs of market recovery being monitored closely.
Bitcoin and Altcoins Draw Attention
Bitcoin started the week at roughly $97,000. However, volatile price movements have been observed due to market conditions. Major altcoins such as Ethereum $2,510, XRP, and Solana
$173 mirrored Bitcoin’s performance, with Ethereum down by 2%, XRP by 4%, and Solana experiencing a similar loss.
Meme coins like Dogecoin $0.237397 and Shiba Inu also faced declines. Conversely, Litecoin stood out with a 5% increase, attracting investor interest and reshaping short-term strategies.
According to market data, while total market capitalization has decreased, there has been a significant rise in trading volume. This situation indicates an increase in market activity, urging traders to exercise caution against market fluctuations.
Top Gainers and Losers in Cryptocurrency
Litecoin and Monero emerged as notable gainers, with Litecoin rising by 5% and Monero by 3%. The Artificial Superintelligence Alliance also saw a 2% increase, providing hope to investors.
On the other hand, cryptocurrencies like Onyxcoin, Virtuals Protocol, and Raydium experienced losses in the 10-11% range. These declines highlight the market’s volatile nature, emphasizing the need for investors to reassess their short-term strategies, especially with significant economic data anticipated from the U.S.
Market expert Michaël van de Poppe suggested that the market might enter a recovery phase. According to van de Poppe, a positive trajectory is likely following short-term fluctuations in the cryptocurrency market.