Ethereum

Cardano

Solana

Bitcoin

Toncoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-recovers-after-a-sudden-drop-altcoins-follow-suit/" data-wpel-link="internal">Bitcoin Recovers After a Sudden Drop, Altcoins Follow Suit</a> 
Bitcoin, encountered unusual volatility on February 17, dropping by about $1,500 over the weekend, but most losses were recovered in the following hours, and at the time of writing, it is trading close to $52,000. Most altcoins also turned green on February 18. Ethereum reclaimed the $2,800 level and Solana returned to the $110 level. 
<h2 class="p1" style="text-align: justify" id="bitcoin-s-performance-over-the-past-week">Bitcoin’s Performance Over the Past Week</h2> 
After closing the previous week with a 13% gain, Bitcoin started the current week with another surge, reaching $50,000 on February 12 for the first time in over two years. The US CPI figures on February 13 brought some pain to investors as Bitcoin dropped to $48,500, but this was short-lived, and the asset almost instantly returned to its upward trajectory. 
This led to Bitcoin surpassing the $51,000 and $52,000 levels on February 12 and 13. More price increases were seen on February 14, with Bitcoin reaching $52,900, its recent peak. At least for now, the rally has paused. Aside from a brief price drop on February 17 that left $100 million in liquidations, Bitcoin has since calmed down. 
However, as of now, the cryptocurrency is trading close to $52,000, with a market value of over $1 trillion. According to CoinGecko data, it continues to dominate nearly 50% of the altcoin market. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-316296 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/btc-grafik-3.webp" alt="" width="1532" height="737"> 
<h2 class="p1" style="text-align: justify" id="what-happened-in-the-altcoin-market">What Happened in the Altcoin Market?</h2> 
Altcoin market saw most assets pulling back on February 17, but today they have erased their losses. As a result, Ethereum made a minor daily jump and rose above $2,800. BNB, XRP, TRX, AVAX, and MATIC also showed similar rates of increase. Solana saw an increase of over 1% and once again reached $110. Polkadot, Chainlink, and Toncoin gained between 3-4%. Cardano took the main stage with a notable increase of nearly 9%. Consequently, <a href="https://en.coin-turk.com/the-future-of-ada-coin-in-2023/" data-wpel-link="internal">ADA</a> rose above $0.6 and is currently trading close to $0.65. 
For significant gains in the altcoin market, cryptocurrencies such as FET with 20%, GRT with 14%, RNDR with 11%, BTT with 11%, and INJ with 10% can be cited as examples. The total crypto market value increased by several billion dollars overnight, reaching $2.05 trillion according to CoinGecko data. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-316298 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/kripto-veri.webp" alt="" width="1531" height="699"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-recovers-after-a-sudden-drop-altcoins-follow-suit/" data-wpel-link="internal">Bitcoin Recovers After a Sudden Drop, Altcoins Follow Suit</a></h5>

Bitcoin Recovers After a Sudden Drop, Altcoins Follow Suit

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