Bitcoin

Spot

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-altcoins-follow-the-trend/" data-wpel-link="internal">Bitcoin Price Surges, Altcoins Follow the Trend</a><br></p>
<p style="text-align: justify">On the day Spot <a href="https://en.coin-turk.com/bitcoin-faces-sharp-volatility-as-it-targets-the-42000-level/" data-wpel-link="internal">Bitcoin</a> ETFs began trading, the BTC price had reached $49,000 but then sharply retreated to $38,500. Following this, the selling pressure from Grayscale had decreased, which contributed to a bullish market environment for cryptocurrencies that had been ongoing for days. Today, the Bitcoin price has surpassed the $47,000 level just moments ago.</p> 
<h2 style="text-align: justify" id="current-bitcoin-status">Current Bitcoin Status</h2> 
<p style="text-align: justify">As of this writing, Bitcoin has seen an increase of over 5%, pushing the price to $47,145. After hitting a low of $38,500 on January 23, BTC has started to rise again today.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-312936" src="https://coin-turk.com/wp-content/uploads/2024/02/bitcoin-fiyat-coin-turk-com.png" alt="" width="1567" height="891"></p> 
<p style="text-align: justify">While all this was happening, Bitcoin’s 24-hour market volume also saw a noticeable increase, with a 21% rise leaving the $30 billion level behind. In terms of market capitalization, it seems to have sustained above the critical $900 billion level, surpassing $925 billion with an increase of over 5%.</p> 
<h2 style="text-align: justify" id="latest-situation-in-altcoins">Latest Situation in Altcoins</h2> 
<p style="text-align: justify">The rise in Bitcoin has reflected on altcoins as well, with Ethereum (ETH), Bitcoin’s closest follower, also seeing an increase. As of the time of writing, ETH has risen over 3%, reaching the $2,500 level.</p> 
<p style="text-align: justify">In terms of market capitalization, SOL saw a 4% increase, surpassing the $105 level, while BNB left the $324 level behind with an increase of over 2%, joining the upward trend.</p> 
<p style="text-align: justify">Lastly, one of the most talked-about altcoins in the market, XRP, also saw a 2% increase, with the price reaching $0.525 after the rise. XRP has been in the spotlight for investors due to recent troubling events.</p> 
<p style="text-align: justify">After the approval of ETFs led to a market downturn, it seems that a recovery is taking place, possibly influenced by the easing of sales and perhaps the effect of airdrops. How far this rise can go is already a matter of curiosity among investors.</p> 
<p style="text-align: justify">Famous analyst Michael van de Poppe had indicated in recent days that the BTC price could rise to between $48,000 and $51,000 before the halving.</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-price-surges-altcoins-follow-the-trend/" data-wpel-link="internal">Bitcoin Price Surges, Altcoins Follow the Trend</a></h5>

Bitcoin Price Surges, Altcoins Follow the Trend

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