Jupiter

Bitcoin

Avalanche

Gala

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-price-drop-affects-the-overall-crypto-market/" data-wpel-link="internal">Bitcoin’s Price Drop Affects the Overall Crypto Market</a><br></p>
<p style="text-align: justify">On Friday, <strong><a href="https://coin-turk.com/fed-sonrasi-bitcoin-40-000-dolar-olur-mu-kripto-paralar-ne-olacak" data-wpel-link="internal">Bitcoin</a></strong> erased its weekly gains, initiating a downturn. This signaled a bloodbath in the crypto market. Altcoins such as Jupiter, SEI, <a href="https://en.coin-turk.com/avalanche-network-experiences-outage/" data-wpel-link="internal">Avalanche</a>, Gala, and SUI saw price increases. These five altcoins demonstrated their strength during the market correction. The total market value of <a href="https://coin-turk.com/kripto-para-piyasasinda-son-durum-haftanin-one-cikan-kripto-para-birimleri" data-wpel-link="internal">altcoins</a> is closely following the 2020 trend, indicating that the accumulation and distribution phase is likely complete.</p> 
<h2 style="text-align: justify" id="bitcoin-s-price-correction-influences-crypto-market">Bitcoin’s Price Correction Influences Crypto Market</h2> 
<p style="text-align: justify">The correction in <a href="https://en.coin-turk.com/bitcoin-and-gold-comparison-how-high-can-cryptocurrencies-rise/" data-wpel-link="internal">Bitcoin</a>‘s price led to a downturn in the crypto market. However, some altcoins managed to perform strongly during this decline, providing gains for their holders. This situation is a significant narrative during a <strong>BTC</strong> correction, as profits from the largest asset often flow into altcoins.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-329084 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/altcoin-kriptopara-coin-turk-com-.png" alt="" width="1302" height="791"></p> 
<p style="text-align: justify">The market value of altcoins appears to be mimicking the 2020 trend. Upon close examination, there’s a long phase of accumulation, distribution, and the current stage. This suggests that altcoin prices may soon climb higher and faster in an impulsive movement.</p> 
<h2 style="text-align: justify" id="jup-sei-avax-gala-and-sui-prices-rise">JUP, SEI, AVAX, GALA, and SUI Prices Rise</h2> 
<p style="text-align: justify">Jupiter (JUP), SEI, Avalanche (AVAX), <strong>Gala</strong> (GALA), and Sui (SUI) resisted the downturn in the crypto market. These cryptocurrencies moved in sync with the rising altcoin market enthusiasm, despite Bitcoin’s price correction, achieving nearly double-digit gains today.</p> 
<p style="text-align: justify">JUP’s price increased by about 25% on <a href="https://en.coin-turk.com/binance-withdraws-crypto-license-application-in-abu-dhabi/" data-wpel-link="internal">Binance</a> in the last 24 hours. If buying pressure continues and bulls take control, this asset may see further price increases in the coming weeks.</p> 
<p style="text-align: justify">The prices of SEI, <strong>AVAX</strong>, GALA, and SUI increased between 4% to 13% in the same time frame. As the market value of altcoins rises in the coming weeks and months, it will be interesting to see if these altcoins can maintain their gains.</p> 
<h2 style="text-align: justify" id="weekdays-for-bitcoin-weekends-for-altcoins">Weekdays for Bitcoin, Weekends for Altcoins</h2> 
<p style="text-align: justify">As a long-time market observer, I’ve noticed that in recent weeks Bitcoin tends to surge on weekdays, while altcoins often see significant rises over the weekend when BTC’s trajectory is relatively calm.</p> 
<p style="text-align: justify">This pattern became more evident especially after the approval of the spot <strong>Bitcoin ETF</strong>. While this isn’t a rule, it’s an observation I wanted to share. Let’s see if the coming days will clearly indicate the start of an altcoin season.</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/bitcoins-price-drop-affects-the-overall-crypto-market/" data-wpel-link="internal">Bitcoin’s Price Drop Affects the Overall Crypto Market</a></h5>

Bitcoin’s Price Drop Affects the Overall Crypto Market

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