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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-drops-after-brief-surge-above-61000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Drops After Brief Surge Above $61,000</a><br></p>
<p style="text-align: justify">After cryptocurrencies briefly surged above $61,000 yesterday, they failed to maintain this level. The price drop raises questions about whether the movement will repeat last week’s dip to $48,800, causing continued frustration among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>. Following the anticipated inflation data from the US yesterday afternoon, the price drop deepened; let’s examine how Bitcoin and major altcoins started the day.</p>
<h2 style="text-align: justify" id="how-much-is-bitcoin">How Much is Bitcoin?</h2>
<p style="text-align: justify">Last week’s significant price crash in Bitcoin had worried investors, with BTC dropping to $48,800 in the following days. After a few days, BTC’s price returned to $60,000, but it continued to fluctuate in this region.</p>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-379997" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-15-agust-coin-turk-com.png" alt="" width="1519" height="795"></p>
<p style="text-align: justify">Following these price movements, BTC continued to fluctuate rapidly between $62,000 and $58,000. BTC, which was above $61,000 yesterday morning, is experiencing a decline today.</p>
<p style="text-align: justify">In the last 24 hours, BTC’s price has dropped by 4.39%, reaching $58,471. The price drop also caused the market cap to fall below $1.2 trillion, currently at $1.154 trillion. The 24-hour trading volume increased from $29.1 billion to $31.7 billion, suggesting that investors might be eager to buy at lower prices.</p>
<h2 style="text-align: justify" id="current-status-of-altcoins">Current Status of Altcoins</h2>
<p style="text-align: justify">Altcoins were also affected by BTC’s decline. Ethereum’s better performance than BTC throughout the week had pleased its investors, but today it also experienced a drop.</p>
<p style="text-align: justify">ETH’s price dropped by 2.40% today, falling back to $2.654, yet it remained stronger than BTC. After a two-day rise, ETH’s market cap fell to $319 billion following today’s drop. The 24-hour trading volume increased to $16 billion, indicating investor interest.</p>
<p style="text-align: justify">Among the altcoins standing strong against BTC, BNB was leading. BNB’s price dropped from $526.9 to $522.29, a mere $4 decrease. Solana, which made a mark last year, also held its ground. After a 0.34% drop, SOL found buyers at $145.08.</p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/xrp-price-update-xrp-price-at-a-critical-moment-of-either-everything-or-nothing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>, which recently rose above $0.60, found buyers at $0.5722 after a 1.16% drop in the last 24 hours, keeping questions about when the price will reach $1 alive.</p>
<p style="text-align: justify">TON, which has been in <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">the news</a> for various developments on Binance, was once again the day’s winner. TON was the only cryptocurrency in the top 10 to rise. TON’s 3.77% increase in the last 24 hours brought it back to $6.76, moving towards $7, pleasing its investors. Lastly, meme coin DOGE experienced a 3.31% price drop, finding buyers at $0.1027, approaching the $0.10 support level, which continues to worry its investors.</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-price-drops-after-brief-surge-above-61000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Drops After Brief Surge Above $61,000</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-price-drops-after-brief-surge-above-61000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Drops After Brief Surge Above $61,000</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Price Drops After Brief Surge Above $61,000

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