Is the Market Recovering Again? Here is the Latest Situation in Bitcoin and Altcoins

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Crypto currency its units have been hit hard by the recent decline and there have been big drops in prices. So much so that the leading cryptocurrency Bitcoin it fell to an all-time high of $69,000 from $56,000.

The flagship cryptocurrencythis sharp decline in n also affected altcoins. However, as of the past day, a rapid increase in Bitcoin has begun and it is quite close to the 60.000 dollar level. That being said Bitcointhis increase in altcoins has also affected altcoins, and prices have increased. Here is the current situation in the crypto currency market;

Bitcoin (BTC)

The world’s largest crypto currency in terms of market value Bitcoin (BTC), which started a steep decline last week. With this decline in Bitcoin, the price first tested the $ 64,000 level. However, the price could not hold above this level and broke the support of $ 64,000.

Subsequently, the decline accelerated and the price dropped below $60,000. The bulls also failed to take control in this region, which resulted in the price dropping to $ 56,000. In this case Bitcoin, which has wiped almost $13,000 off its all-time high.

After this decline in the leading cryptocurrency Bitcoin, BTC yesterday evening, it started a rapid increase and managed to reach the levels of 57.000 dollars to 59.500 dollars.

BTC as of the moment the content was written, according to CoinMarketCap data, it continues to see trading at $ 58,988, an increase of 0.56% in the last 24 hours.

What is the Situation with Altcoins?

The sharp decline in Bitcoin has also heavily affected altcoins. So much so that the leading altcoin Ethereum (ETH), which was trading at $4,760 just before the decline, also fell below $4,000 with the decline.

Ethereum at the moment, it continues to see trading at the level of 4.369 dollars, an increase of 1.12% in the last 24 hours.

Binance Coin‘e (BNB) it is popular when we look at altcoin while it was trading at the level of 660 dollars just before the fall, it lost close to 130 dollars with the fall and fell to the level of 530 dollars.

BNB as of the moment the content was written, according to CoinMarketCap data, it has experienced an increase of 1.89% in the last 24 hours and continues to move at the level of $ 594.

On the other hand, when looking at another altcoin Solana it fell sharply from the level of $ 256 to $ 191. As of the moment the content was written, the popular altcoin Solana, it has been trading at $212, down 1.12% in the last 24 hours.

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