An Up-to-Date Overview of the Cryptocurrency Market! Latest Situation in Bitcoin and Altcoins
The crypto money market has been trying to get rid of the recent declines, but it has not been successful. So much so that the leading cryptocurrency Bitcoin ( BTC ) started an increase in the past days and rose above the $ 42,000 level.
However, BTC fell back below $ 40,000 with the last drop. Here are the latest status and current levels in Bitcoin and altcoins.
Bitcoin (BTC), the world’s largest cryptocurrency in terms of market value, has not been able to get out of the downtrend. So much so that the leading cryptocurrency started an increase in the past days, rising to the level of $ 42,800. However, this increase in BTC did not last long and the price started a downward movement again.
This downward movement, which started in Bitcoin, brought the price back below the $40,000 level as of April 22.
As of the time of writing, Bitcoin (BTC) continues to trade at $39,703, up 0.27% in the last 24 hours, according to data from CoinMarketCap.
What’s the Latest Situation in Altcoins?
The cryptocurrency market generally follows the price movements of the leading cryptocurrency Bitcoin . So, in general, when Bitcoin goes down, it goes down and when it goes up, it goes up.
So much so that Ethereum ( ETH ), the world’s second largest cryptocurrency in terms of market value, fell again with the decline in BTC after trading above the $ 3,000 level for a while.
The popular altcoin fell below the $ 3,000 level with the effect of this latest drop in Bitcoin.
As of writing, Ethereum (ETH) continues to find buyers at $2,949, down 0.36% in the last 24 hours, according to CoinMarketCap data.
On the other hand, when we look at other cryptocurrencies in the top 10, the situation is as follows;
Binance Coin (BNB) continues to trade at $404, up 0.35% in the last 24 hours, Ripple (XRP) is down 0.43% at $0.71 in the last 24 hours, Solana (SOL) is up 1.18% in the last 24 hours. Terra (LUNA) is up 1.61% at $91 in the last 24 hours, Cardano ( ADA) is down 0.16% at $0.89 in the last 24 hours and Avalanche (AVAX) is down 1.38% at $78 in the last 24 hours. continues.