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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-drop-affects-altcoin-market-dynamics/" data-wpel-link="internal">Bitcoin Drop Affects Altcoin Market Dynamics</a> 
The decline in Bitcoin prices today has led to a renewed drop in altcoins. Bitcoin has fallen to around $63,000, marking a $3,000 loss, while the decrease in altcoins appears normal. Analysts are focusing on what awaits the cryptocurrency markets as of September 30, particularly regarding <a href="https://en.coin-turk.com/cryptocurrency-tug-of-war-bitcoin-ethereum-binance-coin-and-ripple-current-overview/" data-wpel-link="internal">BNB</a> and ETH charts. 
<h2 style="text-align: justify" id="comments-on-altcoin-and-bnb-coin">Comments on Altcoin and BNB Coin</h2> 
The recent drop in Bitcoin prices has significantly dampened morale for <a href="https://en.coin-turk.com/analyst-predicts-high-growth-potential-for-an-altcoin-project-injectives-inj/" data-wpel-link="internal">altcoin</a> holders, as investors had hoped that the two-quarter nightmare was over. This latest pullback, which can undermine risk appetite, has resulted in larger losses for altcoins. Crypto Bullet shared a chart, questioning whether the anticipated rise period for altcoins has arrived. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-392996 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/btc-piyasa-hakimiyeti-30-eylul.jpg" alt="" width="1835" height="893"> 
The BTC.D chart illustrates Bitcoin’s market dominance relative to the total <a href="https://en.coin-turk.com/cryptocurrencies-in-2022-a-challenging-year-turns-hopeful/" data-wpel-link="internal">cryptocurrency market</a> value. As Bitcoin’s dominance weakens, a rise in altcoins is expected. This is the main focus of the analysts. 
<h2 style="text-align: justify" id="eth-price-prediction">ETH Price Prediction</h2> 
Kyledoops highlighted Ethereum in a recent evaluation, focusing on the increase in open positions in futures trading for the largest altcoin by market value. With a $2.12 billion influx in August, these positions reached $9.2 billion, leading to a 30% increase in spot prices. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-392998 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/eth-fiyati-artar-mi-oi-grafigi.jpg" alt="" width="1280" height="729"> 
According to the analyst, since we have not yet seen the massive influx’s impact on spot prices, further increases in ETH prices are possible. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-392999 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/eth-tahmin-30-eylul-scaled.jpg" alt="" width="2560" height="1282"> 
Tony noted that the expectation for an upward trend continues due to the maintenance of the $2,550 level, with ETH currently priced at $2,621. 
The post <a href="https://en.coin-turk.com/bitcoin-drop-affects-altcoin-market-dynamics/" data-wpel-link="internal">Bitcoin Drop Affects Altcoin Market Dynamics</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Drop Affects Altcoin Market Dynamics

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