Based

Cardano

Bitcoin

Avalanche

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-plunges-over-3000-in-an-hour-as-crypto-market-faces-turbulence/" data-wpel-link="internal">Bitcoin Plunges Over $3000 in an Hour as Crypto Market Faces Turbulence</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/sicak-gelisme-bitcoin-btc-1-saat-icinde-3000-dolardan-fazla-dustu-btc-neden-dusuyor" data-wpel-link="internal">Bitcoin</a></strong> and the world of cryptocurrency experienced a volatile and intense day today. <a href="https://en.coin-turk.com/why-are-bitcoin-and-altcoin-prices-falling-analyzing-the-recent-developments/" data-wpel-link="internal">Bitcoin</a>‘s price reached a new peak, hitting $69,990. This new peak brought with it rapid movements in candlestick charts, with liquidations exceeding $100 million in both long and short positions. When the BTC price pulled back, it also impacted <a href="https://en.coin-turk.com/avalanche-announces-major-upgrade-implementation/" data-wpel-link="internal">Avalanche</a> (AVAX) and <a href="https://coin-turk.com/2x-yapabilir-en-buyuk-10-kripto-para-arasinda" data-wpel-link="internal">ADA</a> coin. Let’s look at the price levels.</p> 
<h2 style="text-align: justify" id="current-status-of-avalanche-avax-price">Current Status of Avalanche (AVAX) Price</h2> 
<p style="text-align: justify">In the last 24 hours, the price of <strong>Avalanche</strong> (AVAX) fell by 3.69%, dropping to $42.36. The chart below compares the price movement and volatility of the altcoin Avalanche over the last 24 hours (on the left) with that of the previous week (on the right). The gray bands are Bollinger Bands, which measure volatility for both daily and weekly price movements. The wider the bands or the larger the gray area at any given time, the greater the volatility.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-325084 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/avax-coin-turk-com-.webp" alt="" width="2400" height="1280"></p> 
<p style="text-align: justify">The trading volume of the cryptocurrency Avalanche increased by 9.0% over the past week, while the circulating supply of the coin also saw a 0.2% increase. This brings the circulating supply to 377.30 million, which is approximately 52.4% of the estimated maximum supply of 720.00 million.</p> 
<h2 style="text-align: justify" id="current-status-of-cardano-ada-price">Current Status of Cardano (ADA) Price</h2> 
<p style="text-align: justify">In the past 24 hours, the price of altcoin <strong>Cardano</strong> (<a href="https://en.coin-turk.com/cardano-fights-secs-accusation-of-being-a-security-ada-and-other-altcoins-face-strong-sell-off/" data-wpel-link="internal">ADA</a>) fell by 3.9%, dropping to $0.72. This represents a reversal from the positive trend of the previous week, where it gained 6.0% after passing the $0.69 mark. The chart below compares the price movement and volatility of the altcoin Cardano over the last 24 hours (on the left) with that of the previous week (on the right).</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-325086 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/ada-coin-turk-com-.webp" alt="" width="2400" height="1280"></p> 
<p style="text-align: justify">The trading volume of the cryptocurrency ADA fell by 6.0% last week, while the circulating supply of ADA coin increased by 0.56%. This brings the circulating supply to 35.18 billion, which is approximately 78.17% of the estimated maximum supply of 45.00 billion.</p> 
<h2 style="text-align: justify" id="what-can-be-expected-going-forward">What Can Be Expected Going Forward?</h2> 
<p style="text-align: justify">Both ADA coin and AVAX are still far from their peak prices. Based on peak prices, there is still a way to go. However, they seem to be lagging behind their counterparts.</p> 
<p style="text-align: justify">If expectations are met, the cryptocurrency AVAX has a 3x journey ahead. For ADA coin, there is approximately a 5x path. However, this depends on the continuation of positive sentiment in the crypto market. Of course, Bitcoin will also play a determining role.</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-plunges-over-3000-in-an-hour-as-crypto-market-faces-turbulence/" data-wpel-link="internal">Bitcoin Plunges Over $3000 in an Hour as Crypto Market Faces Turbulence</a></h5>

Bitcoin Plunges Over $3000 in an Hour as Crypto Market Faces Turbulence

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