Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-prices-continue-to-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Continue to Drop</a><br></p>
<p style="text-align: justify">For Bitcoin, the price drop that started at the end of July reached its peak on August 5. During this period, BTC’s price dropped to as low as $48,800 according to Binance indicators. In the third week of August, things took a different turn, and after a series of positive statements from the Fed, the price started to rise again. However, after reaching a certain level yesterday morning, BTC’s price visibly continued to fall.</p>
<h2 style="text-align: justify" id="why-is-btc-falling">Why is BTC Falling?</h2>
<p style="text-align: justify">The BTC drop that started after it rose to $65,000 yesterday morning continues today. Despite the absence of any notable negative <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">news</a> in the market, the falling prices raise significant questions.</p>
<p style="text-align: justify">As of the time of writing, Bitcoin’s price was trading at $61,889, which means a 2.5% drop. The deepening of the drop after the start of trading on Wall Street suggests that investors in the US might be selling.</p>
<p style="text-align: justify"><img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-383591" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-yorum-btc-fiyat-coin-turk-com.png" alt="" width="1835" height="883"></p>
<p style="text-align: justify">On the other hand, despite the price drop, the trading volume increased by 30% and exceeded $30.5 billion. This volume increase can be interpreted in two ways. Firstly, it could mean that investors are selling to avoid potential losses or minimize them.</p>
<p style="text-align: justify">Secondly, it could mean that investors who find the current prices low are making significant purchases in preparation for the expected bull season after potential <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">interest rate</a> cuts in September. In either case, it would not be wrong to say that Bitcoin’s price continues to fall.</p>
<h2 style="text-align: justify" id="how-much-is-ethereum-in-tl">How Much is Ethereum in TL?</h2>
<p style="text-align: justify">On the other hand, the price drop continues for <a href="https://en.coin-turk.com/ethereum-experiences-sharp-decline-after-spot-etf-launch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a>, the most traded altcoin in the market. After a 4% drop, Ethereum lost the $2,600 level and fell to $2,579.</p>
<p style="text-align: justify">Ethereum’s market cap dropped to $313 billion, while its trading volume remained at $13.988 billion after a 33% increase, indicating similar scenarios to Bitcoin. Looking at the ETH/TRY pair, the price is reflected as 88,542 TL on the charts.</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-ethereum-prices-continue-to-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Continue to Drop</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-and-ethereum-prices-continue-to-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Prices Continue to Drop</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin and Ethereum Prices Continue to Drop

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