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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-drops-below-60000-affecting-the-market/" data-wpel-link="internal">Bitcoin Price Drops Below $60,000 Affecting the Market</a><br></p>
<p style="text-align: justify">After a quiet Saturday in cryptocurrencies, Sunday saw a decline in the market, particularly in the price of Bitcoin, which fell below $60,000, negatively impacting the overall market. Last Monday, Bitcoin dropped to $48,800, significantly influenced by Japan’s economic collapse. So, what is happening with Bitcoin and high-volume altcoins as of the time of writing?</p> 
<h2 style="text-align: justify" id="what-is-the-current-bitcoin-price">What is the Current Bitcoin Price?</h2> 
<p style="text-align: justify">On August 5th, Japan’s economic collapse pulled Bitcoin prices to low levels, and eventually, the price dropped to $48,800. After that point, prices started to rise, and within a week, BTC surpassed $62,000, exciting <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> again, but today’s charts show a different picture.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-378790" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-btc-eth-xrp-sol-coin-turk-com.png" alt="" width="1401" height="797"></p> 
<p style="text-align: justify">Looking at the last 24 hours, Bitcoin’s price took a significant hit over the weekend. Bitcoin experienced a 4.26% drop, bringing its price to $58,500. During this period, Bitcoin’s market cap fell to $1.154 trillion, while the 24-hour trading volume was significantly lower than last week’s levels, at $24.9 billion.</p> 
<h2 style="text-align: justify" id="current-status-of-altcoins">Current Status of Altcoins</h2> 
<p style="text-align: justify">Following Bitcoin, attention turned to altcoins. Ethereum, the leading altcoin, also saw a price drop of 4.12% in the last 24 hours, trading at $2,542. ETH’s market cap started the week at $305.8 billion, with a 24-hour trading volume of $14.7 billion.</p> 
<p style="text-align: justify">Binance’s native token BNB, which previously reached an ATH of $720, dropped to $507 after a 4.26% decline, while the drop was more pronounced in Solana, known as the Ethereum killer. Solana’s price fell by 7.50%, dropping to $144 and moving away from the $150 level.</p> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/whale-transactions-spark-speculation-in-the-crypto-world-featuring-xrp/" data-wpel-link="internal">XRP</a>, which made headlines last week with its victory against the SEC and its rise above $0.50, saw a 4.53% drop in the last 24 hours, trading at $0.5627. TON, which gained attention with its price rising above $6 after being listed on Binance, also experienced an 8.81% drop, trading at $6.09.</p> 
<p style="text-align: justify">Lastly, looking at DOGE, the leading meme coin, despite its sharp decline, it remains at $0.1018, maintaining the psychological support level of $0.10, giving hope to its investors. However, DOGE’s price movement in the last 24 hours was 7.04%.</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-drops-below-60000-affecting-the-market/" data-wpel-link="internal">Bitcoin Price Drops Below $60,000 Affecting the Market</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-price-drops-below-60000-affecting-the-market/" data-wpel-link="internal">Bitcoin Price Drops Below $60,000 Affecting the Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Price Drops Below $60,000 Affecting the Market

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