Ethereum

Solana

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-experience-high-volatility-in-the-market/" data-wpel-link="internal">Bitcoin and Altcoins Experience High Volatility in the Market</a> 
The cryptocurrency market witnessed high volatility this week as the price of <a href="https://coin-turk.com/bitcoin-9-000-dolara-tirmanirken-160-milyon-usdt-piyasaya-suruldu" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bloomberg-acikladi-2020-bitcoin-ve-altinin-yili-olacak" data-wpel-link="internal">BTC</a>) once again traded around the psychological level of $70,000. The <a href="https://en.coin-turk.com/bitcoin-and-altcoins-will-we-see-the-expected-rise/" data-wpel-link="internal">BTC</a> daily chart shows several neutral candles with higher wicks, indicating no clear dominance of buyers or sellers. What is the current situation with altcoins like Ethereum (ETH) and Solana (<a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-strong-appetite-for-risk-as-solana-signals-optimism/" data-wpel-link="internal">SOL</a>)? 
<h2 id="bitcoin-options-trading">Bitcoin Options Trading</h2> 
Additionally, the Deribit Exchange reported the expiration of a record-breaking three-month options period with over $15 billion in notional value, including 135,000 <a href="https://en.coin-turk.com/whats-next-for-bitcoin-current-predictions-and-targets-for-cryptocurrencies/" data-wpel-link="internal">Bitcoin</a> options and 1.58 million Ethereum options. Bitcoin options closed with a put-call ratio of 0.85 and a strike price of $51,000, while Ethereum options corresponded to a notional value of $5.6 billion with a ratio of 0.63 and a strike price of $2,600. 
The mentioned event could signify a significant increase in liquidity and might boost volatility in the cryptocurrency market. Ethereum stands out as a leading blockchain platform that enables the creation and operation of smart contracts and decentralized applications (DApps) without any interruption, control, or intervention by a third party. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-335030 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/eth-5.png" alt="" width="1946" height="937"> 
<h2 id="eth-and-sol-price-movements">ETH and SOL Price Movements</h2> 
Over the past two weeks, the price of ETH has seen a notable correction, recording a 13% decline from $4,090 to $3,561. Ethereum’s price is currently trading at $3,557 with a market cap of $427 billion. If the general supply at $3,700 continues, the correction trend could reach a lower peak, and the ETH token could retest $3,120, a 12% drop. 
Solana (SOL) shifted sideways after its recent market correction, which saw its trajectory rise to $210. However, looking at the 4-hour chart, it appears that the mentioned consolidation is echoing within two converging trend lines, forming a flag formation. The <a href="https://coin-turk.com/analistten-ethereum-yatirimcilarina-kotu-haber-800-dolara-dusebilir" data-wpel-link="internal">altcoin</a> is currently trading at $186, down 1.82% on the day, with a market cap of $82.7 billion, making Solana the fifth-largest cryptocurrency. Under the influence of the bullish formation, it is likely that buyers will break the general trend line as a signal for the continuation of the uptrend. According to experts, a post-breakout rally could push the asset’s potential target to $210 and then to $240. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-experience-high-volatility-in-the-market/" data-wpel-link="internal">Bitcoin and Altcoins Experience High Volatility in the Market</a></h5>

Bitcoin and Altcoins Experience High Volatility in the Market

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