The decline in cryptocurrencies last night affected all altcoins. It was seen that large-volume altcoins, especially Bitcoin, experienced a noticeable decline. While the rise that occurred in parallel with the expectation that the Fed would make a statement about the interest rate cut the other day was seen to please investors, the price decline caused anxiety. So what is happening in the market as August 21, 2024 begins?
How Many Dollars is Bitcoin?
The deep price drop seen in Bitcoin in the past few days and affecting the entire market attracted attention, but the price recovered later. BTC After this price movement, the price was seen to settle between $ 58,000 and $ 60,000 and consolidated for 1 week, which still seems unchanged. The price, which rose above the $ 61,000 level yesterday, moved downward again. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The outlook for BTC turned negative in the last 24 hours and the graphs reflected a 2.83% decrease in BTC price. With the decrease, it is seen that BTC found buyers at $ 59,300. The price decrease also affected the market volume and the graphs reflected that the value decreased to $ 1.17 trillion.
BTC’s 24-hour trading volume dropped from $28.1 billion yesterday to $26.9 billion, revealing that investors may be nervous about buying despite the decline.
Latest Situation in Altcoins
The price drop experienced by Bitcoin was felt by its closest follower, Ethereum, and accompanied it with a similar decline, once again making its investors nervous.
ETH It was seen that the price decreased by 3.32% today after the 2.33% increase experienced yesterday, and decreased from the $ 2,688 price it had yesterday to $ 2,594. Amid the questions of when ETFs will be able to support the price increase, ETH’s market volume decreased to $ 312 billion, while the 24-hour trading volume decreased slightly from $ 12.6 billion to $ 12 billion.
When we look at cryptocurrencies number 3 (excluding stablecoins from the list) BNB’s It was seen that it was also declining. It remained stronger than BTC and ETH. BNBThe fact that it is trading in the $561 region after the 1.67% decline in the last 24 hours has given hope to its investors.
It is seen that it finds buyers at two completely different price levels at the beginning and end of 2023. LEFT The price drop for today also increased the rumors among investors. SOL fell by 3.19% in 24 hours and settled at $142.82.
XRP The situation was not much different for XRP, and it lost the $ 0.60 level it reached yesterday once again. The price change for XRP indicated a 1.95% decrease, while its value became $ 0.5958.
Telegram network TON coin has also been falling for two days after its days of rise. The TON price has fallen by 3.40% today after the 1.46% drop yesterday and is in the $6.65 region. Finally, the undisputed leader of meme coins DOGE’s It is also understood from the charts that it is in the $0.1039 region and remains above the psychological support of $0.10.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
