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Bitcoin (BTC) Dropped Below $38,000! What’s the Latest Situation in Altcoins?

How did the latest drop in the leading cryptocurrency Bitcoin affect the cryptocurrency market? What is the latest situation in Bitcoin and altcoins?

Bitcoin (BTC) Dropped Below $38,000! What’s the Latest Situation in Altcoins?

The crypto money market has been going down for a long time. So much so that the leading cryptocurrency Bitcoin ( BTC ) started a rapid decline in the evening hours and fell below $ 38,000.

This decline in Bitcoin also affected altcoins . Here are the latest status and current levels in Bitcoin and altcoins.

Bitcoin (BTC)

Bitcoin BTC ), which is the world’s largest cryptocurrency in terms of market value, fell to the level of $ 38,000 after rising above $ 40,000 during the week.

Afterwards, BTC started a new increase and with this increase, it managed to regain the $ 40,000 level.

However, this increase in Bitcoin did not last long and as of last evening, the flagship cryptocurrency Bitcoin (BTC) started a new decline. The last drop brought the BTC price to the lowest level of the last month, $ 37,733.

As of the time of writing, Bitcoin (BTC) continues to trade at $38,113, with a 1.50% drop in the last 24 hours, according to CoinMarketCap data.

What’s the Latest Situation in Altcoins?

The cryptocurrency market generally follows the price movements of the leading cryptocurrency Bitcoin. For this reason, when there is a sharp rise or a sudden decrease in Bitcoin, similar price movements appear in other cryptocurrencies.

This time, the sharp decline in Bitcoin almost bled the market and caused depreciation in altcoins.

So much so that Ethereum (ETH), the second largest cryptocurrency in terms of market value, has been hard from $ 2,800 to $ 2,730 with this decline. experienced a decline.

Then, changing direction again and moving upwards, Ethereum continues to trade at $ 2,786, with an increase of 1.65% in the last 24 hours, according to CoinMarketCap data, as of the time of writing the content.

When we look at other cryptocurrencies in the top 10, the situation is as follows;

Binance Coin (BNB) continues to trade at $384, down 3.58% in the last 24 hours, Solana (SOL) is down 5.08% at $89.86 in the last 24 hours, Ripple (XRP) is up 4.67% in the last 24 hours. It is down 0.59 percent, Terra (LUNA) is down 6.42% at $80 in the last 24 hours, Cardano (ADA) is down 5.02% at $0.77 in the last 24 hours and Dogecoin (DOGE) is down 2.85% at $0.1323 in the last 24 hours. continues.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton Theblockchainnew.com he is the editor-in-chief of the news portal. Blockchain is love.

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