Article Rewritten:
Following a calm Saturday in the world of cryptocurrencies, Sunday brought a market decline, particularly in the price of Bitcoin, which dropped below $60,000, negatively impacting the overall market. Just last Monday, Bitcoin experienced a significant drop to $48,800, largely influenced by Japan’s economic collapse. So, what is the current state of Bitcoin and high-volume altcoins as of the time of writing?
Contents:
Current Bitcoin Price
Current Status of Altcoins
Current Bitcoin Price:
On August 5th, Bitcoin prices were pulled to low levels due to Japan’s economic collapse, eventually dropping to $48,800. However, prices began to rise after that and within a week, BTC surpassed $62,000, exciting investors. But today’s charts paint a different picture. Visit COINTURK FINANCE for the latest financial and business news.
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Looking at the past 24 hours, Bitcoin’s price experienced a significant hit over the weekend. Bitcoin saw a 4.26% drop, bringing its price down to $58,500. During this period, Bitcoin’s market cap fell to $1.154 trillion, while the 24-hour trading volume was significantly lower than the levels seen last week, at $24.9 billion.
Current Status of Altcoins:
Following Bitcoin, attention turned to altcoins. The leading altcoin, Ethereum, also saw a price drop of 4.12% in the past 24 hours, trading at $2,542. At the beginning of the week, ETH’s market cap stood at $305.8 billion, with a 24-hour trading volume of $14.7 billion.
Binance’s native token BNB, which previously reached an all-time high of $720, dropped to $507 after a 4.26% decline. However, the decline was even more significant for Solana, often referred to as the “Ethereum killer.” Solana’s price experienced a 7.50% drop, falling to $144, moving away from the $150 level.
XRP, which made headlines last week with its victory against the SEC and its rise above $0.50, saw a 4.53% drop in the past 24 hours, trading at $0.5627. TON, which gained attention for its price rising above $6 after being listed on Binance, also experienced an 8.81% drop, trading at $6.09.
Lastly, let’s look at DOGE, the leading meme coin. Despite its sharp decline, it remains at $0.1018, maintaining the psychological support level of $0.10, giving hope to its investors. However, DOGE’s price movement in the past 24 hours was 7.04%.
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Disclaimer:
The information provided in this article should not be considered investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
