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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-reaches-69000-as-altcoins-remain-stable/" data-wpel-link="internal">Bitcoin Price Reaches $69,000 as Altcoins Remain Stable</a> 
Bitcoin (BTC) price is at $69,000 as of this writing, and altcoins remain relatively calm over the weekend. The positive <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> during the week has helped Bitcoin attempt to break out of its long-standing consolidation level. Although it hasn’t succeeded yet, there may be new attempts in the coming days. So, what is the current situation in cryptocurrencies today? 
<h2 style="text-align: justify" id="bitcoin-btc-current-status">Bitcoin (BTC) Current Status</h2> 
After breaking the $40,295 level, Bitcoin price has entered an exciting period. Although the price, which set an all-time high at $73,777, fell to $56,845, it managed to climb back to the $72,000 mark. This is the fourth time it has returned to this level since March. Looking at the broader picture and considering the ongoing uptrend, the outlook is quite bright. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-355806 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/BTCUSDT_2024-05-26_07-07-49.png" alt="" width="1262" height="582"> 
For the leading cryptocurrency, strong new ATH attempts are expected in an environment where $71,200 has turned into a permanent support. At the $74,000 level, a significant break will trigger the liquidation of $1.4 billion in short positions. 
Currently, BTC seems to be preparing for another upward attempt after a 3-4 day dip. Investors should be ready for new attempts if it closes above $67,900. 
<h2 style="text-align: justify" id="current-status-of-cryptocurrencies">Current Status of Cryptocurrencies</h2> 
Undoubtedly, this week’s star was Ethereum (ETH). The price increased by 20% weekly and is above $3,700. The largest altcoin by <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> cap is likely to see new highs with the ETF launch. Among the top 100 cryptocurrencies, PEPE Coin was the biggest gainer. It increased by more than 57%, setting a new all-time high. 
UNI Coin, which faced off with the SEC, also rose by 43% with the support of the ETH surge, followed by cryptocurrencies like ONDO and LDO. Altcoins such as AR, AKT, FTM, JUP, ORDI, and <a href="https://en.coin-turk.com/challenging-days-ahead-for-tron-as-profitability-sparks-concern/" data-wpel-link="internal">TRX</a> were the biggest losers of the week, experiencing drops between 7% and 14%. 
Overall, as is typical for the weekend, volumes have dropped. Total trading volume fell to $53 billion, and the total value of cryptocurrencies is $2.57 trillion. BTC market dominance stands at 53%. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-reaches-69000-as-altcoins-remain-stable/" data-wpel-link="internal">Bitcoin Price Reaches $69,000 as Altcoins Remain Stable</a></h5>

Bitcoin Price Reaches $69,000 as Altcoins Remain Stable

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