The Latest Situation in the Crypto Currency Market: The Depreciation of Bitcoin (BTC) Continues!


It has been recording downward price movements since the all-time high it reached (BTC ATH: 69.045 – CoinGecko Bitcoin, it has declined to $56,500 price levels.

Bitcoin (BTC)

The leading cryptocurrency Bitcoin after the $69,000 price level it reached, it first broke the $63,000 support level and then the $60,000 support level and suffered significant depreciation rates. Although Bitcoin exceeded the price levels of 60.000 dollars by making upward attacks, its rise was not permanent and the leading crypto currency fell back to the price levels of 56.000 dollars. trading at the price levels of $ 56,500, BTC has entered a consolidation process, albeit a short-term one.

I ethereu (ETH)

It is the second largest cryptocurrency in terms of market capitalization Ethereum da noted similar price movements with the leading crypto currency in this process. Ethereum declined to the 4.800 dollar price levels along with the downward price movements it recorded from the 4.100 dollar price levels. Although it rose to the 4.300 dollar levels by making an upward attack on November 22, ETH could not maintain the levels it had recorded and started trading at the 4.150 dollar price levels, experiencing a revaluation.

According to CoinGecko data, Binance Coin (BNB) lost 0.7%, Solana (SOL) lost 1.4%, Polkadot (DOT) lost 1.8%, Cardano (ADA) gained 0.3% and Ripple (XRP) gained 0.4% in the last 24-hour time frame.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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