Increases Continue in the Market! Here is the Latest Situation in Bitcoin (BTC) and Altcoins
Cryptocurrencies made a good start to October after a bad performance in October 2021. So much so that while the leading cryptocurrency Bitcoin (BTC) rose above $ 48,000, there were great increases in altcoins . Here is the latest situation in the cryptocurrency market.
Bitcoin Struggles For More Increase
Bitcoin , which is the largest cryptocurrency in terms of market value , has made a big leap as we enter October. While the BTC price regressed to $ 41,000 on September 30, it managed to reach the $ 48,000 band with a great increase as of October 1. After a long time, BTC went on the attack again and started a rapid increase, touching $ 48,280.
On the other hand , while there are predictions that Bitcoin may set a new ATH this month , the leading cryptocurrency continues its struggle for more increases.
Bitcoin continues to trade in the $47,970 band, with a 0.5% increase in the last 24 hours, according to CoinMarketCap data, as of the time the content was written.
Big Increases in Altcoins
With the re-activation of the leading cryptocurrency BTC , there were also great increases in altcoins . So much so that the largest altcoin, Ethereum (ETH), was trading under $ 3,000 on September 30, while it increased rapidly to $ 3,465 with the new month.
While Ethereum continues to increase by 5% in the last 24 hours, it continues to trade at $ 3,406, while it has increased by more than 20% in the last week.
On the other hand, ADA , which was traded at $2 on September 30, started to rise with the increase in the market and started an increase up to $2.31 levels. As of now, Cardano, which has increased by 2.63% in the last 24 hours, is trading at $2.27.
With the market rising again, the situation in other altcoins is as follows;
Binance Coin ( BNB ) (% 4.12 431.16 Dollars), Solana ( SOL ) ($ 9.12 172 Dollars), Rippe ( XRP ) ($ 2.72 1.05 Dollars), Polkadot ( DOT ) (% 0.83 32.30 Dollars), Dogecoin ( DOGE ) ( % 0.82 0.21 Dollars), Terra ( LUNA ) (% 19.54 45.10 Dollars), Uniswap ( UNI ) (2.59 26.35 Dollars), Avalanche ( AVAX ) (% 5.21 70.58 Dollars)
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should perform their transactions in line with their own research.