Dogecoin

Bitcoin

Toncoin

Shiba Inu

<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

Tabla de contenidos

COINTURK NEWS

Otros artículos publicados el 28 jul 2024

Cardano Initiates Chang Hard Fork

Solana to $2K and XRP to $100 – Expert’s Bold Forecast

The BRICS want to take control of the IMF and the World Bank!

Edward Snowden Attends Bitcoin Conference, Criticizes BTC

Ethereum Whales Undeterred By Price Drop, Move 3.50 Million ETH

Whale Waves and Stellar Opportunities: Crypto Investments Explored

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!