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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-surges-above-69000-before-retreating/" data-wpel-link="internal">Bitcoin Surges Above $69,000 Before Retreating</a><br></p>
<p style="text-align: justify">Yesterday afternoon, Bitcoin (BTC) briefly surged above $69,000 but couldn’t maintain this level and the price pulled back. All eyes were on Donald Trump’s speech. Despite Trump’s strong pro-Bitcoin statements, things didn’t go as expected, and Bitcoin’s price fell back to $67,000. Meanwhile, attention turned to altcoins. One of the leading companies in the cryptocurrency analysis field made significant statements about this situation.</p> 
<h2 style="text-align: justify" id="santiment-statements">Santiment Statements</h2> 
<p style="text-align: justify">Santiment, one of the world’s leading crypto analysis firms, made a statement on Friday about altcoins that have the potential to rise. Santiment evaluated the market value to realized value (MVRV) Z-score of the cryptocurrencies under <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">review</a> to determine if the assets were undervalued or overvalued.</p> 
<p style="text-align: justify">An asset with a low MVRV Z-score is considered undervalued, while an asset with a high MVRV Z-score is considered overvalued.</p> 
<p style="text-align: justify">The realized value, on the other hand, is considered the price at which each asset was last traded and aims to measure how many <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> are in profit or loss.</p> 
<p style="text-align: justify">Santiment’s statement on the matter was as follows:</p> 
<blockquote> 
 <p>If you believe the markets are about to fluctuate, history suggests that investing in assets where investors are suffering the most is more likely to yield high returns.</p> 
</blockquote> 
<h2 style="text-align: justify" id="altcoins-highlighted-by-santiment">Altcoins Highlighted by Santiment</h2> 
<p style="text-align: justify">Santiment highlighted <a href="https://en.coin-turk.com/jupiter-dex-surpasses-uniswap-in-trading-volume/" data-wpel-link="internal">decentralized exchange</a> (DEX) Uniswap (UNI), memecoin Shiba Inu (SHIB), high-volume altcoins Polygon (MATIC), Chainlink (LINK), Cardano (ADA), and XRP, which is at the center of the crypto world turmoil, as having low MVRV Z-scores and recently troubling their investors.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-374545" src="https://coin-turk.com/wp-content/uploads/2024/07/santiment-kripto-paralar-coin-turk-com.png" alt="" width="615" height="437"></p> 
<p style="text-align: justify">For investors looking to make riskier purchases, Santiment pointed to Toncoin (TON), Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).</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-surges-above-69000-before-retreating/" data-wpel-link="internal">Bitcoin Surges Above $69,000 Before Retreating</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-surges-above-69000-before-retreating/" data-wpel-link="internal">Bitcoin Surges Above $69,000 Before Retreating</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Surges Above $69,000 Before Retreating

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