Ethereum

Bitcoin

April

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-after-initial-drop/" data-wpel-link="internal">Bitcoin Price Surges After Initial Drop</a><br></p>
<p style="text-align: justify">Bitcoin’s price rapidly surged to $62,300 after dropping to $48,800 last Monday. However, it then experienced a sudden pullback, falling to the $60,000 level, which it continues to defend. Altcoins showed a stagnant movement in daily price analysis, with ETH and SOL moving close to neutral, while TON and <a href="https://en.coin-turk.com/analysts-remain-bullish-on-xrp-despite-recent-price-dip/" data-wpel-link="internal">XRP</a> rose.</p> 
<h2 style="text-align: justify" id="bitcoin-dominance-situation">Bitcoin Dominance Situation</h2> 
<p style="text-align: justify">Last weekend and Monday posed significant challenges for cryptocurrencies, especially Bitcoin. The major correction that started on Friday continued, and by Sunday morning, BTC had dropped from $66,000 to just below $60,000. The decline continued later on Sunday, worsening as it fell to $57,000.</p> 
<p style="text-align: justify">However, the worst occurred on Monday when Bitcoin visited $48,800, marking its lowest level in about six months.</p> 
<p style="text-align: justify">Bulls halted the decline at this point and regained <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> dominance from the bears. BTC then began to rise again, reaching $53,000 on Tuesday and $57,000 on Thursday. By Friday, a price movement nearly pushed the cryptocurrency to $63,000.</p> 
<p style="text-align: justify">On the other hand, Bitcoin couldn’t sustain its rise and has since shown signs of weakening. BTC’s price retreating to $60,000 caused panic, but the mentioned level was defended by the bulls, and as of the time of writing, BTC is trading above $60,700.</p> 
<p style="text-align: justify">BTC’s market cap is just below $1.2 trillion. Despite the decline, Bitcoin’s dominance over altcoins continues to rise. According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> from CoinGecko, BTC.D has risen to 54%, its highest level since April 2021.</p> 
<h2 style="text-align: justify" id="current-state-of-altcoins">Current State of Altcoins</h2> 
<p style="text-align: justify">Looking at large-cap altcoins, Ethereum has shown less than 1% price movement in the last 24 hours, remaining above $2,600. Solana’s price movement was a 0.1% increase, with the price hovering around $154.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378640" src="https://coin-turk.com/wp-content/uploads/2024/08/xrp-ton-coin-turk-com.png" alt="" width="1372" height="146"></p> 
<p style="text-align: justify">On the other hand, the rises in TON and XRP did not go unnoticed. TON and XRP, which performed beyond large-cap altcoins, saw increases of 3.90% and 5.16%, respectively, with TON at $6.70 and XRP trading at $0.5991.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-surges-after-initial-drop/" data-wpel-link="internal">Bitcoin Price Surges After Initial Drop</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-price-surges-after-initial-drop/" data-wpel-link="internal">Bitcoin Price Surges After Initial Drop</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Price Surges After Initial Drop

Table of Contents

COINTURK NEWS

Other articles published on Aug 10, 2024

Big Secret: Why BTC ETF Holders Stay Confident in Front Of Volatility

Top Cryptos Which Need to Be Closely Monitored in the Coming Week

Israeli holidaymakers targeted in $700K Costa Rica Bitcoin robbery – report

XRP News Today: Ripple Begins RLUSD Beta Test on XRP Ledger and Ethereum

Analyst Predicts XRP Price Surge to $2.3: What to Expect

How to Achieve Financial Growth with the Top Crypto Presale Happening Now? Explore the Recent Upd...

Join our free newsletter for daily crypto updates!