The crypto currency market has shown a general downward trend over the past 24 hours. Bitcoin while falling by 7% to $ 61,000 price levels, Ethereum da began trading at the price levels of 4.350 dollars with a depreciation of about 8%.
The Latest Situation in Bitcoin and Ethereum
Bitcoin, the leading crypto currency that has recently recorded high volatility price movements, has lost some value with the downward price movements it has recorded in the last 24 hours. Although Bitcoin made its weekly close above critical levels with the increases it made, it was unable to maintain these value increases to a large extent and remained below the critical $63,000 support level. With the depreciation that it started recording from the 65.000 dollar price levels, Bitcoin started trading from the 61.200 dollar price levels. Bitcoin although it dropped to the 60.600 dollar price levels momentarily, it reacted from the support zone at the 60.000 dollar levels and again rose above the 61.000 dollar price levels.
It is the second largest cryptocurrency in terms of market capitalization Ethereum da recorded declines at a similar rate with Bitcoin. Ethereum has achieved a high price performance by reaching an all-time high more than once in a short period of time, but has adapted to the general downward trend in the market and has experienced some value losses. Over the past 24 hours, Ethereum has started trading at the 4.700 dollar price levels, along with the right directional price movements that it has started recording from the 4.350 dollar levels.
What about Other Crypto Assets
Along with the depreciation of Bitcoin, most crypto assets have experienced declines at certain rates. Binance Coin (BNB)6.7%, Solana (LEFT)5.8%, Cardano (ISLAND) 5.2%, Ripple (XRP) recorded a depreciation of 7.5%. The crypto asset whose market value is in the top ten largest crypto currencies and which recorded the highest rate of decline with a depreciation of more than 10% Polkadot (DOT) happened. within 24 hours, the DOT declined from the 46.92 dollar price levels to the 42.20 dollar price levels with the declines it recorded.
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.