Sharp

Bitcoin

Status

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-to-new-highs-before-sharp-decline/" data-wpel-link="internal">Bitcoin Price Surges to New Highs Before Sharp Decline</a> 
When the Bitcoin price reached its ATH on March 14, no one expected it to happen so soon. The price surged to $73,750, triggering an <a>altcoin</a> rally, but many did not reach their ATH. After this rise in BTC, a sharp decline followed, and the price dropped to $48,800 on August 4 due to a major crash in the Japanese economy. Subsequently, BTC continued to experience volatile price movements, and things still seem not to be going well. 
<h2 style="text-align: justify" id="1-btc-to-usd">1 BTC to USD?</h2> 
About two weeks ago, things started to go wrong for Bitcoin again. During this period, the price reached $65,000 and then sharply declined, falling below $54,000 after a prolonged decline. Although it recovered slightly afterward, it continues to worry <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-386953" src="https://coin-turk.com/wp-content/uploads/2024/09/bitcoin-1-btc-coin-turk-com.png" alt="" width="1835" height="883"> 
Nevertheless, on Sunday, BTC’s price showed a positive momentum, reaching $54,407 after a 0.5% increase. Due to this rise, the market cap remained above $1 trillion, maintaining this important level. 
However, the trading volume dropped by 64%, indicating that the strength of investors taking advantage of the decline might be exhausted. A decrease in the number of investors and interest could lead to a slight stagnation in the price. 
<h2 style="text-align: justify" id="current-status-of-altcoins">Current Status of Altcoins</h2> 
After analyzing Bitcoin, attention turned to altcoins, where stagnant price movements were also observed. First, looking at Ethereum , the most voluminous altcoin in the market, it showed a 0.6% increase, trading at $2,286. 
Despite recent <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> about CZ, BNB’s closest competitor, the rise continues. The increase reached 1.37% today, with BNB trading at $498. <a href="https://en.coin-turk.com/crypto-market-soars-as-bitcoin-hits-highest-level-in-2-years-will-the-rise-continue/" data-wpel-link="internal">Solana</a>, the star of 2023 and the first quarter of 2024, also shows a positive outlook today. SOL is trading at $128 after a 1% increase. 
DOGE was the top gainer among the top 10 cryptocurrencies today. DOGE is trading at $0.0945 after a 2.45% increase, but investors are still worried as it hasn’t reclaimed $0.010. Lastly, TON, one of the most talked-about projects of 2024, fell to $4.72, losing its place in the top 10. 
The post <a href="https://en.coin-turk.com/bitcoin-price-surges-to-new-highs-before-sharp-decline/" data-wpel-link="internal">Bitcoin Price Surges to New Highs Before Sharp Decline</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Surges to New Highs Before Sharp Decline

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