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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-reactions-affect-bitcoin-and-ethereum-prices/" data-wpel-link="internal">Market Reactions Affect Bitcoin and Ethereum Prices</a> 
Yesterday afternoon, while the impact of the newly launched spot Ethereum ETF on the market was eagerly awaited, an unexpected event occurred. Mt. Gox creditors suddenly started announcing that they received payments through the Kraken exchange. Following these <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">announcements</a>, a sense of uncertainty in the market led to a decline in cryptocurrencies, especially Bitcoin. So, what changes occurred in high-volume cryptocurrencies in the last 24 hours? 
<h2 style="text-align: justify" id="what-is-the-current-bitcoin-price">What is the Current Bitcoin Price?</h2> 
After yesterday’s developments, Bitcoin price experienced a sharp decline but later recovered slightly. Recently, BTC had surpassed $68,000 for the first time in months but then started to pull back. As of the time of writing, BTC is trading at $65,788 after a 1% drop. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373313" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-eth-xrp-doge-sol-coin-turk-com.png" alt="" width="1255" height="65"> 
BTC’s 7-day outlook appears stable on the charts, indicating neither buyers nor sellers have had an advantage recently, with only a 0.17% drop. 
Following the decline in Bitcoin price, the market cap fell below $1.3 trillion, while the trading volume stands at $34 billion. 
<h2 style="text-align: justify" id="what-is-the-current-ethereum-price">What is the Current Ethereum Price?</h2> 
After the launch of spot Ethereum ETFs, all eyes were on the ETH price. Despite an inflow of over $1 billion, ETH price seems to have fallen short of expectations. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-373314" src="https://coin-turk.com/wp-content/uploads/2024/07/eth-coin-turk-com-3.png" alt="" width="1245" height="71"> 
Ethereum price remains steady at $3,437 after a 0.01% increase in the last 24 hours. ETH has seen a 2.02% decline over the past 7 days. The market cap for ETH has dropped to $413 billion, with a trading volume of $23 billion. 
<h2 style="text-align: justify" id="current-status-of-altcoins">Current Status of Altcoins</h2> 
Meanwhile, attention was on the high-volume altcoins in the market. Among the top 10, three cryptocurrencies managed to stay in the positive zone over the last 24 hours. The first is BNB. BNB is trading at $583 after a 0.46% increase, still far from its ATH above $700. 
Secondly, <a href="https://en.coin-turk.com/cryptocurrency-analysis-eth-and-xrp-approaching-key-resistance-levels/" data-wpel-link="internal">XRP</a> remains positive according to 21milyon.com data. XRP is trading at $0.6 after a 0.18% increase. 
Lastly, TON, ranked 9th in volume, continues to trade at $6.91 after a 0.39% increase, which has not gone unnoticed by <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. This strong performance in these altcoins seems to have pleased their investors. 
Finally, Solana is trading at $172.8 after a 1% decline, while DOGE is trading at the critical level of $0.13 after a 2.3% drop. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/market-reactions-affect-bitcoin-and-ethereum-prices/" data-wpel-link="internal">Market Reactions Affect Bitcoin and Ethereum Prices</a></h5>

Market Reactions Affect Bitcoin and Ethereum Prices

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