Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-ceo-comments-on-recent-price-movements/" data-wpel-link="internal">Bitcoin CEO Comments on Recent Price Movements</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/populer-kripto-para-platformunun-ceosu-bitcoin-btc-dususunu-yorumladi" data-wpel-link="internal">Bitcoin</a> price</strong> is currently at $62,000 as of writing this article, and contrary to concerns, rapid profit-taking has not started. A significant portion of investors have made double-digit gains in altcoins, supported by strong closing prices of <a href="https://coin-turk.com/federal-rezervin-son-karari-ve-planlari-bitcoin-btc-fiyatini-nasil-etkileyecek" data-wpel-link="internal">BTC</a>. So how did cryptocurrencies start the first Sunday of March? Here are the details.</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/silkroad-linked-btc-causes-minor-dip-in-crypto-markets/" data-wpel-link="internal">Bitcoin</a> price, which has increased by a net 20.4% over the last 7 days, continues to linger around $62,000. The price has remained nearly stable at $62,000 in the last 24 hours. The fear and greed index for cryptocurrencies is at a rarely seen level, over 85. The Bitcoin Dominance Index (BTCD) is just below 52%, and this relaxation supports hopes for larger rallies in altcoins.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322305 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/BTCUSDT_2024-03-03_07-47-22.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">After turning $40,400 into support, the accelerating <a href="https://en.coin-turk.com/bitcoin-price-trends-and-predictions/" data-wpel-link="internal">BTC</a> rally is currently halted by the resistance at $64,000. If we start seeing closures above $64,300, this could mean surpassing the all-time high (ATH) level of $69,000 on the <a href="https://en.coin-turk.com/court-makes-amendment-in-lawsuit-against-binance-new-date-given/" data-wpel-link="internal">Binance</a> exchange.</p> 
<p style="text-align: justify">Investor profitability is extremely high and optimism for the year 2024 is strong, so profit-taking has not started yet. If strong entries continue through the ETF channel in the last bull season, Bitcoin’s market value, which exceeds $1.2 trillion, could reach much higher peaks.</p> 
<h2 style="text-align: justify" id="current-state-of-cryptocurrencies">Current State of Cryptocurrencies</h2> 
<p style="text-align: justify"><strong>Cryptocurrencies’</strong> cumulative value is $2.35 trillion, and the psychological resistance of $3 trillion is being targeted again in the medium term. Despite a 20% drop in total trading volume on all <strong>cryptocurrency</strong> trading platforms, it still stands at around $87 billion. Volumes, which melted down to $14 billion on the most frustrating days of bear markets, are now back to levels reminiscent of a bull market.</p> 
<p style="text-align: justify">In the past 24 hours, meme coins have been the biggest gainers among the top 100 cryptocurrencies. FLOKI surged by 44% while WIF rose by 33%. Both have gained over 300% on a weekly basis.</p> 
<p style="text-align: justify">BSV, THETA, BCH, CRO, and GALA have experienced price increases of over 60% on a weekly basis. There are almost no losing altcoins among the top 100 cryptocurrencies. In the last 7 days, only WLD and BGB Coin prices fell by around 6%, and TIA Coin by 3%.</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-ceo-comments-on-recent-price-movements/" data-wpel-link="internal">Bitcoin CEO Comments on Recent Price Movements</a></h5>

Bitcoin CEO Comments on Recent Price Movements

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