Latest Situation in Crypto Money Market: Depreciation in Bitcoin (BTC) Continues!
Recording downward price movements since reaching its all-time high (BTC ATH: 69,045 – CoinGecko), Bitcoin fell to the price levels of $ 56,500.
After the price level of $ 69,000, the leading cryptocurrency Bitcoin has experienced significant losses by breaking the support level of $ 63,000 and then $ 60,000. Although Bitcoin exceeded the price levels of $ 60,000 by making upward attacks, its rise was not permanent and the leading cryptocurrency fell back to the price levels of $ 56,000. Traded at the price levels of $ 56,500, BTC entered a consolidation process, albeit short-term.
Ethereum , the second largest cryptocurrency by market cap, also recorded similar price movements as the leading cryptocurrency in this process. With the downward price movements recorded from the $4,800 price levels, Ethereum declined to the $4,100 price levels. Although it made an upward attack on November 22 and rose to the levels of $ 4,300, ETH could not maintain the levels it recorded and started to trade at the price levels of $ 4,150 by losing value again.
According to CoinGecko data, in the last 24-hour timeframe, Binance Coin (BNB) recorded 0.7%, Solana (SOL) 1.4%, Polkadot (DOT) 1.8%, while Cardano (ADA) recorded losses. Ripple (XRP) gained 0.3% and 0.4%.
The information contained in this article does not constitute investment advice. Investors should know that cryptocurrencies carry risks due to their high volatility and should perform their transactions in line with their own research.