Greed

Bitcoin

Shiba Inu

Avalanche

Status

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-update-bitcoin-and-altcoins-latest-status/" data-wpel-link="internal">Crypto Market Update: Bitcoin and Altcoins’ Latest Status</a> 
The cryptocurrency market began with a 0.48% decrease following the opening of the Asian markets. The optimism surrounding Bitcoin-linked ETFs did not materialize, triggering a decline in prices. The Crypto Fear and Greed Index has retreated to a “neutral” level for the first time in months. This indicates that investors have become more cautious since the launch of spot Bitcoin products in the US. 
<h2 style="text-align: justify" id="current-situation-of-bitcoin-and-altcoins">Current Situation of Bitcoin and Altcoins</h2> 
The leading cryptocurrency Bitcoin reached its highest level in two years at $49,000 on the first day of trading after the approval of spot Bitcoin ETFs in the US. 
Subsequently, the price of Bitcoin (BTC) took a steep dive and at the time of writing, it has decreased by 0.06% in the last 24 hours, falling to $42,621. During this period, Bitcoin’s market capitalization also fell below $835 billion, while its trading volume increased by approximately 17% in the last 24 hours, reaching $20 billion. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-302503" src="https://coin-turk.com/wp-content/uploads/2024/01/btc-usdt-gorsel.png" alt="" width="1567" height="857"> 
On the other hand, Ethereum, the leader of altcoins, also experienced a 1.5% decrease in the last 24 hours. At the time of writing, it was trading at $2,510. Ethereum’s market capitalization was at $301.7 billion, while its trading volumes decreased by over 7% within 24 hours, dropping to $10.1 billion. 
Binance‘s native token BNB saw an increase of over 3.6%, rising to $313.11. Another notable altcoin, XRP, increased by 4% in the last 24 hours and is trading at $0.58. Solana (SOL) and Cardano (<a href="https://en.coin-turk.com/cardano-a-comprehensive-analysis-of-ada-and-future-trends/" data-wpel-link="internal">ADA</a>), which were among the most notable altcoins in recent months, were among the losers of the day with declines of 0.8% and over 1%, respectively. 
In addition, Avalanche (AVAX) and Dogecoin were trading in the positive territory at the time of writing. DOGE’s biggest competitor, Shiba Inu (SHIB), experienced a 0.9% decline. Pepe, the closest competitor to the leading Meme Coins, dropped to $0.000001226 with a 0.03% decrease in the last 24 hours. 
<h2 style="text-align: justify" id="today-s-noteworthy-altcoins">Today’s Noteworthy Altcoins</h2> 
The native token of the recently talked-about Sui blockchain network, SUI, was one of the highest gainers of the day with an increase of over 8% in the last 24 hours. At the time of writing, SUI was trading at $1.42, and its market capitalization had risen to $1.53 billion. However, its trading volume had decreased by 12% in the last 24 hours, which could be interpreted as the beginning of a loss of interest among investors. 
Another altcoin that has been drawing attention lately is Optimism (OP), which experienced a 7% decrease in the last seven hours, dropping to $3.54. Its market capitalization fell to $1.4 billion during this period. Despite the decrease in market volume, the trading volumes in the last 24 hours increased by 24%, rising to $266.1 million. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-update-bitcoin-and-altcoins-latest-status/" data-wpel-link="internal">Crypto Market Update: Bitcoin and Altcoins’ Latest Status</a></h5>

Crypto Market Update: Bitcoin and Altcoins’ Latest Status

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