Ethereum

Akash Network

Bitcoin

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-face-price-fluctuations-amidst-market-pressure/" data-wpel-link="internal">Bitcoin and Altcoins Face Price Fluctuations Amidst Market Pressure</a><br></p>
<p style="text-align: justify">In the dynamic environment of the cryptocurrency market, price fluctuations continued today as cryptocurrencies struggled with selling pressure from investors. <strong>Bitcoin</strong> (BTC) fell below the $40,000 level. Simultaneously, some smaller market cap altcoins outperformed their larger counterparts, showing resilience.</p> 
<h2 style="text-align: justify" id="bitcoin-and-ethereum-face-low-levels-amidst-bearish-trends">Bitcoin and Ethereum Face Low Levels Amidst Bearish Trends</h2> 
<p style="text-align: justify">Bitcoin, the pioneer of cryptocurrencies, experienced a drop below the $39,000 level before recovering. Currently, the Bitcoin price has fallen by 1.25% to $39,728. The 24-hour trading volume has seen a marginal decrease of 1.99% to $30.19 billion. Despite short-term challenges, Bitcoin’s market value remains strong at $777.14 billion.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-306568 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/24-ocak-bitcoin-cointurk.png" alt="" width="1564" height="798"></p> 
<p style="text-align: justify">Parallel to Bitcoin’s trajectory, <strong>Ethereum</strong> (ETH) experienced a significant drop of 5.26% and is currently trading at $2,222.96. However, its trading volume saw a notable increase of 21.76%, reaching $16.59 billion. The broader market sentiment indicates a general downtrend, highlighting the impact of external factors on crypto valuations.</p> 
<h2 style="text-align: justify" id="diverse-movements-among-altcoins-opportunities-emerge">Diverse Movements Among Altcoins: Opportunities Emerge</h2> 
<p style="text-align: justify">Looking beyond the giants of the crypto space, various altcoins displayed different movements. <strong><a href="https://en.coin-turk.com/secs-asset-freeze-request-to-binance-could-deepen-crypto-market-fears/" data-wpel-link="internal">Binance</a> Coin</strong> (BNB) fell by 5.13% to $294.20, while its 24-hour trading volume increased by 14.81% to $1.06 billion. Solana experienced a price drop of 0.93% to $84.38, but its trading volume saw a significant increase of 19.62%, reaching $3.14 billion.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-306569 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/altcoin-fiyatlari-cointurk.png" alt="" width="517" height="538"></p> 
<p style="text-align: justify"><strong>XRP</strong> fell by 2.42% to $0.5168, while its trading volume experienced a considerable increase of 25.92%, reaching $1.41 billion. Similarly, Cardano fell by 3.11% to $0.4674, with its 24-hour trading volume increasing by 26.13% to $557.39 million.</p> 
<p style="text-align: justify">In the meme coin market, <strong>Dogecoin</strong> fell by 2.75% to $0.07872, while Shiba Inu traded at $0.000008804, down by 8.35%. The downtrend extended to Pepe coin, which saw its trading volume increase by 16.54% to $71.54 million, yet its price fell by 3.60% to $0.000001029.</p> 
<h2 style="text-align: justify" id="resilient-performers-amidst-market-turbulence">Resilient Performers Amidst Market Turbulence</h2> 
<p style="text-align: justify">In the midst of market turbulence, some cryptocurrencies showed resilience. Akash Network (AKT), an <a href="https://newslinker.co/category/ai/" data-wpel-link="exclude">AI</a>-focused crypto, defied the dominant downtrend with a 14% increase. The AKT price rose by 14.38% to $2.76, while its market value reached $623.39 million. However, its 24-hour trading volume decreased by 14.51% to $5.76 million.</p> 
<p style="text-align: justify">Blur (<strong>BLUR</strong>), identified as a trending cryptocurrency, recorded a notable increase. Blur’s value rose by 8.88% to $0.664, with its trading volume experiencing a remarkable increase of 50.08%. In terms of numbers, it reached $405.74 million. This surge also brought Blur’s price to a high of $0.6667.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-and-altcoins-face-price-fluctuations-amidst-market-pressure/" data-wpel-link="internal">Bitcoin and Altcoins Face Price Fluctuations Amidst Market Pressure</a></h5>

Bitcoin and Altcoins Face Price Fluctuations Amidst Market Pressure

Table of Contents

COINTURK NEWS

Other articles published on Jan 24, 2024

Is It Time for A True Blockchain OS?

Ethereum’s Centralization Concerns: Geth’s Dominance Declines Amidst Calls for Diversity

Budget-Friendly VPNs: Top 5 Affordable VPN services

Tezos Price Fails to Gain Traction: Is a Major Correction Looming?

Elon Musk’s AI Grok Predicts Dogecoin’s Future

Indian Union Budget 2024: A List of Few Key Expectations

Join our free newsletter for daily crypto updates!