Ethereum

Bitcoin

Show

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-mixed-performance-3/" data-wpel-link="internal">Bitcoin and Altcoins Show Mixed Performance</a><br></p>
<p style="text-align: justify">After the weekend’s bearish price movements in cryptocurrencies, Monday morning also showed a lull, with prices falling below $60,000, painting a negative picture. Looking back at last Monday, Bitcoin had lost strength and dropped to $48,800. Geopolitical events in the Middle East and Japan’s economic collapse had significant impacts. So, what is happening with Bitcoin and high-volume altcoins at the time of writing?</p> 
<h2 style="text-align: justify" id="what-is-bitcoin-s-current-price">What is Bitcoin’s Current Price?</h2> 
<p style="text-align: justify">On August 5th, Japan’s economic collapse dragged Bitcoin’s price to its lowest levels, dropping to $48,800. After that, prices began to rise, and within a week, BTC surpassed $62,000, exciting <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> about the possibility of reaching $70,000, but things didn’t turn out that way.</p> 
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-379174" src="https://coin-turk.com/wp-content/uploads/2024/08/bitcoin-eth-coin-turk-cm.png" alt="" width="1520" height="781"></p> 
<p style="text-align: justify">In the last 24 hours, Bitcoin’s price has slightly recovered compared to yesterday. Bitcoin’s price increased by just over 1%, reaching $59,272. During this period, Bitcoin’s market cap rose to $1.169 trillion, while the 24-hour trading volume surged past $37 billion, significantly higher than yesterday’s $24.9 billion.</p> 
<h2 style="text-align: justify" id="current-status-of-altcoins">Current Status of Altcoins</h2> 
<p style="text-align: justify">Following Bitcoin, attention turned to altcoins. Ethereum, the leading altcoin, stood out as the day’s biggest gainer among high-volume altcoins, pleasing its investors. After a 4.50% increase, ETH’s price reached $2,663. Following the price rise, ETH’s market cap surpassed $320 billion, and its 24-hour trading volume rose to $22 billion, indicating an increase of over 50%.</p> 
<p style="text-align: justify">Binance’s native token, BNB, which previously hit an ATH of $720, also saw a price increase today. BNB’s price rose from yesterday’s $507 to $518. Solana, known as the Ethereum killer, had a limited rise. Solana’s price increased by 1.56%, trading around $145.</p> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/xrp-coin-price-trends-and-market-analysis/" data-wpel-link="internal">XRP</a>, which made headlines last week with its victory against the SEC and rose above $0.50, saw a 0.61% increase in the last 24 hours, trading at $0.5677. After being listed on Binance, TON’s price rose from $4.5 to over $6, increasing by 2.95% to $6.27.</p> 
<p style="text-align: justify">Finally, looking at <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">Elon Musk</a>‘s favorite, DOGE, despite its sharp decline, it is trading around $0.1051, maintaining the psychological support level of $0.10, giving hope to its investors. DOGE’s price movement in the last 24 hours saw a 3.04% increase.</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-and-altcoins-show-mixed-performance-3/" data-wpel-link="internal">Bitcoin and Altcoins Show Mixed Performance</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-and-altcoins-show-mixed-performance-3/" data-wpel-link="internal">Bitcoin and Altcoins Show Mixed Performance</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin and Altcoins Show Mixed Performance

Table of Contents

COINTURK NEWS

Other articles published on Aug 13, 2024

Grayscale Unveils MakerDAO Trust, MKR Rises 7% Following Launch

Phishing Scam Drains $7. $66 million in Ethereum through an elaborate scam

Massive Liquidations! Bitcoin Plunges Below $59,000!

Argo Blockchain Repays $35M Loan, Ensures Financial Stability

Top 5 Circle Ventures Portfolio Coins by Market Cap

$600 Million in Bitcoin Disappear as Whales Go Bearish

Join our free newsletter for daily crypto updates!