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<h5>Read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-faces-unexpected-drop-as-altcoins-show-mixed-responses/" data-wpel-link="internal">Bitcoin Faces Unexpected Drop as Altcoins Show Mixed Responses</a><br><br></h5>
<p style="text-align: justify">As the end of 2023 approaches, Bitcoin experienced an unexpected drop to below the $42,000 level but managed a minor recovery back to $42,100. The price, which had risen to $44,000 in previous weeks, fell to $41,650 today in the evening. The Bitcoin drop also affected altcoins, but some continue to defy the market.</p> 
<h2 style="text-align: justify" id="top-altcoins-and-their-price-surge">Top Altcoins and Their Price Surge</h2> 
<p style="text-align: justify">Recent <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> indicates a series of resignations at Grayscale, which was followed by a sharp decline in Bitcoin’s price. It would not be entirely accurate to say that the drop was limited to BTC alone.</p> 
<p style="text-align: justify">Notable price drops were observed in some top volume altcoins like SOL, XRP, <a href="https://en.coin-turk.com/cardano-ada-clings-to-crucial-support-a-glimpse-into-the-future-price/" data-wpel-link="internal">ADA</a>, BNB. Despite these drops, some altcoins continue to perform strongly.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-294314" src="https://coin-turk.com/wp-content/uploads/2023/12/perp-farm-bsw.jpeg" alt="" width="1170" height="551"></p> 
<p style="text-align: justify">During the day, Harvest Finance (FARM), an Ethereum-based project, caught attention with a significant rise to $59.69, making it the most rewarding altcoin for investors at the time of writing.</p> 
<p style="text-align: justify">After a period of stable pricing, FARM experienced a 41% increase even as BTC fell in the market. The altcoin’s price structure changed rapidly due to swift purchases, leading to an incredible 1369% increase in 24-hour trading volume, surpassing $45 million.</p> 
<p style="text-align: justify">The market cap also rose by 45% to $40 million. Following the activity, FARM climbed to the 674th position in the market cap rankings.</p> 
<p style="text-align: justify">Another altcoin that caught investors’ attention was Biswap (BSW), which saw a 34.63% increase. According to <a href="https://en.coin-turk.com/binance-counterattacks-sec-with-lawsuit-citing-misleading-claims/" data-wpel-link="internal">Binance</a> indicators, this surge over the last hour brought its price to $0.1354. The 24-hour trading volume saw an incredible increase of 1360%, reaching $159 million, while the overall volume of the altcoin interestingly only increased by 34% to $60 million.</p> 
<p style="text-align: justify">Lastly, unlike Bitcoin, Perpetual Protocol (PERP) also experienced a rise, increasing by 40% to $1.2134 despite the general market downturn.</p> 
<p style="text-align: justify">PERP also saw an increase in trading volume, with an incredible 1798% rise in 24 hours, reaching $234 million. The overall volume of PERP was at $80 million at the time of writing.</p> 
<h2 style="text-align: justify" id="current-situation-with-bitcoin">Current Situation with Bitcoin</h2> 
<p style="text-align: justify">Bitcoin had experienced a relentless rise in recent weeks, which also impacted altcoins. After the drop from the peak of $44,400, the price is undergoing minor pullbacks. As of writing, the price stands at $42,200.</p> 
<p style="text-align: justify">With the New Year’s excitement and ETF expectations, Bitcoin’s price always has the potential to start a positive movement again. Although altcoins are seen to have a high correlation with Bitcoin, it is possible to observe some that diverge in certain situations.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/bitcoin-faces-unexpected-drop-as-altcoins-show-mixed-responses/" data-wpel-link="internal">https://en.coin-turk.com/bitcoin-faces-unexpected-drop-as-altcoins-show-mixed-responses/</a></h5>

Bitcoin Faces Unexpected Drop as Altcoins Show Mixed Responses

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