Bitcoin, Ethereum, Shiba Inu and Others Changed! Record Increase in This Altcoin!
The cryptocurrency market has changed direction recently, with Bitcoins and altcoins seeing massive increases in value. The leading cryptocurrency Bitcoin (BTC) rose to the level of $ 45,400 with this increase, while this was the case with altcoins.
The second largest altcoin in terms of market value, Ethereum also managed to increase its price above $ 3,000 during this period. However, later, with the effect of the Russia-Ukraine crisis, there were sharp decreases in the price and BTC fell below $ 39,000.
Today, however, the market seems to be on the move again. Let’s look at the latest situation and current levels in Bitcoin and altcoins in this content .
Bitcoin (BTC) Rises Again
Bitcoin ( BTC ), the world’s largest cryptocurrency in terms of market value, has seen a lot of volatility in the last week. So much so that BTC started a rapid increase on March 3, reaching $ 45,400, and on March 5, it pulled its price below $ 39,000.
However, looking at the Bitcoin chart, the leading cryptocurrency seems to have changed direction again.
As of the time of writing the content, Bitcoin (BTC) continues to trade at $ 39,571 with an increase of 1.37% in the last 24 hours, according to data from 21Milyon.com.
What’s the Latest Situation in Altcoins?
These decreases and increases in the price of Bitcoin also affect the price of altcoins. Therefore, while the increase in Bitcoin recently made altcoins take flight, there was a sharp decline in Bitcoin and altcoins with the ongoing crisis between Ukraine and Russia .
So much so that many altcoins recorded great losses with this decline. While Ethereum dropped below $3,000, Binance Coin (BNB) also fell below $370.
However, as the market started to recover, most of the altcoins started to increase again. Ethereum is currently trading at $2,650, up 0.80% in the last 24 hours.
When we look at other altcoins, the situation is as follows;
Binance Coin ( BNB ) continues to trade at $384, up 2.44% in the last 24 hours, Ripple (XRP) is up 3.71% at $0.74 in the last 24 hours, Terra ( LUNA ) is up 2.21% in the last 24 hours. Cardano ( ADA ) is up 0.81% at $0.85 in the last 24 hours, Solana ( SOL ) is down 0.02% at $88 in the last 24 hours, and Avalanche ( AVAX ) is down 0.30% at $76.11 in the last 24 hours. continues.
This Altcoin Challenged the Market
With the rise in cryptocurrencies, many posted 2% to 3% gains, while popular altcoin Chiliz ( CHZ ) defied the market and achieved a huge increase.
With this upward momentum, CHZ has achieved a 30% increase in the last 24 hours.
As of the time of writing, popular altcoin Chiliz (CHZ) continues to trade at $0.2217, up 13.34% in the last 24 hours, according to data from CoinMarketCap.