Cryptocurrency

Terra Classic

Bitcoin

Frax (prev. FXS)

Rocket Pool

<p>The cryptocurrency market started the day with an increase. The leading cryptocurrency <strong><a href="https://en.coin-turk.com/monochrome-asset-management-files-bitcoin-etf-application-with-australian-securities-exchange/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC)</strong> reached the price levels of $30,250 with an average value increase of about 1% in the last 24 hours. <strong>Ethereum (ETH)</strong> started trading at $1,915 with its recent value increases, while the total market value of the cryptocurrency ecosystem exceeded $1.22 trillion according to CoinMarketCap (CMC) data.</p><h2 id="consolidation-continues-in-bitcoin">Consolidation Continues in Bitcoin</h2><p>The leading cryptocurrency <strong>Bitcoin (BTC)</strong>, which consolidated around $30,000 price levels in the last week, started trading at $30,200 with a low rate value increase of about 1% in the last 24 hours. With the cryptocurrency market starting the day with an increase, <strong>Ethereum (ETH)</strong> reached the price levels of $1,915 after its recent value increases. The total market value of the cryptocurrency ecosystem also exceeded $1.22 trillion according to CMC data.</p><p><img class="wp-image-238502 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/07/Bitcoin-BTC-17.png" alt="" width="1704" height="1320"></p><p>On the other hand, there was a significant decrease in volatility in the cryptocurrency market compared to last week. According to the latest data shared by Coinglass, approximately $55 million worth of short and long positions were liquidated in the last 24 hours.</p><h2 id="highlights-in-the-cryptocurrency-market">Highlights in the Cryptocurrency Market</h2><p>With the cryptocurrency market and the leading cryptocurrency <strong>BTC</strong> starting the day with an increase, there were cryptocurrencies that recorded double-digit value increases during the day. Stellar (<strong>XLM</strong>), which recorded a value increase of over 20% within hours, became the cryptocurrency with the highest percentage increase among the top 100 cryptocurrencies in terms of market value according to CMC data. In addition to the rise in Stellar (XLM), <a href="https://en.coin-turk.com/new-revelation-from-altcoin-hunter-this-altcoin-is-rising-unnoticed/" rel="noopener noreferrer nofollow">Chainlink</a> (<a href="https://en.coin-turk.com/this-altcoin-is-in-the-top-20-a-small-rally-could-push-its-price-to-8/" rel="noopener noreferrer nofollow">LINK</a>), dYdX (DYDX), Optimism (OP), and Maker (MKR) also saw high percentage increases during the day.</p><p>On the other hand, there were also cryptocurrencies that continued to lose value during the day alongside this upward trend in the cryptocurrency market. Rocket Pool (RPL), Frax Share (FXS), and Terra Classic (LUNC) were among the cryptocurrencies with the highest percentage losses among the top 100 cryptocurrencies in terms of market value according to CMC data in the last 24 hours.</p><div class="sorumluluk_reddi"><strong>Disclaimer:</strong> This article does not provide investment advice. Investors should be aware that cryptocurrencies carry risks due to their high volatility and should conduct their own research before making any transactions.
</div><h5>The post <a href="https://en.coin-turk.com/current-state-of-cryptocurrency-market-will-bitcoin-continue-its-consolidation/" rel="noopener noreferrer nofollow">Current State of Cryptocurrency Market: Will Bitcoin Continue Its Consolidation?</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS.</a></h5>

Current State of Cryptocurrency Market: Will Bitcoin Continue Its Consolidation?

Table of Contents

COINTURK NEWS

Other articles published on Jul 20, 2023

Société Générale Subsidiary Obtained France's First Crypto Services License

Solana Rolls Out Solang Compiler, Enhances Ethereum Compatibility

1Inch Token Balance on Centralized Exchanges Surges to $65M

Shiba Inu Forms Partnership with Welly in Canada for Blockchain Futurist Event

Exploring the Free-to-Play Mode: An Introduction to Beginner Deck

Congressman Urges SEC to Reassess Crypto Regulations

Join our free newsletter for daily crypto updates!