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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-swings-between-key-levels" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Swings Between Key Levels</a><br></p>
<p style="text-align: justify">Cryptocurrencies continue to exhibit volatile price movements, with Bitcoin (BTC) being the most affected. Over the past week, BTC’s price has swung within a broad range, reflecting instability in the market. The struggle to maintain a position above $60,000 has further influenced altcoins.</p>
<h2 id="how-much-is-bitcoin-worth">How Much is Bitcoin Worth?</h2>
<p style="text-align: justify">Last week’s events in Japan triggered a significant downturn in the cryptocurrency sector, causing BTC to plummet to $48,800. This was followed by a dramatic rebound, pushing prices above $60,000, though the upward momentum did not sustain. Presently, BTC oscillates between $62,000 and $58,000, suggesting continued volatility.</p>
<p style="text-align: justify">Following a 4.39% drop yesterday, BTC experienced a further decline of 0.43% today, bringing the price to $58,249. This decrease also impacted the market capitalization, which fell below $1.15 trillion, now standing at $1.149 trillion.</p>
<p style="text-align: justify">In contrast, a surge in the 24-hour trading volume was observed, rising from $31.7 billion to $35.7 billion. This indicates that <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> might be taking advantage of the lower prices to buy.</p>
<h2 id="which-altcoin-stands-out-today">Which Altcoin Stands Out Today?</h2>
<p style="text-align: justify">The decline in BTC also affected altcoins, although some managed to remain in the positive zone. Ethereum (ETH) performed better than BTC on a weekly basis but saw a sharper decline today, dropping 1.86% to $2,601. Its market cap fell to $312 billion, and the 24-hour trading volume remained stable at $16 billion.</p>
<p style="text-align: justify">Meanwhile, <a href="https://en.bitcoinhaber.net/the-arbitrary-treatment-of-binance-reflects-the-complex-relationship-between-the-state-and-crypto-industry" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB) saw a 0.55% decrease, bringing its price to $518. Solana (SOL), known for its impressive rally last year, continued its decline, trading at $142.8 after a 1% drop. However, TON emerged as the standout performer, with its price rising 2.34% to $6.85, boosting its market cap to $17.2 billion despite a relatively low trading volume of $466 million.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<ul>
 <li>An increase in trading volume suggests investors are buying at lower prices.</li>
 <li>Ethereum experiences sharper declines compared to Bitcoin today.</li>
 <li>TON’s consistent rise boosts investor confidence despite lower trading volumes.</li>
 <li>Market cap fluctuations highlight ongoing instability in the crypto sector.</li>
</ul>
<p style="text-align: justify">In summary, the cryptocurrency market remains volatile, with BTC struggling to stabilize above $60,000, and altcoins experiencing varied impacts. Investors are closely monitoring these movements to make informed decisions.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-swings-between-key-levels" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Swings Between Key Levels</a></h5>

Bitcoin Price Swings Between Key Levels

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