Bitcoin and Altcoins Show Positive Trends Despite Volatility
Release: 2024/02/20 14:24 Reading: 532
You can also read this news on COINTURK NEWS: Bitcoin and Altcoins Show Positive Trends Despite Volatility
Bitcoin (BTC) price experienced a momentary drop to the $51,300 level before recovering, which was followed by a majority of altcoins showing a positive outlook. On the other hand, Ethereum is at the $2,900 level, a price point last seen two years ago. During this period, leading market players, XRP and BNB, gained value while Solana (SOL) was declining.
Bitcoin and Altcoins
Bitcoin price is struggling to maintain stability above the $52,000 level. As of the time of writing on February 20th, Tuesday, Bitcoin’s price has decreased by 0.15%, falling to $51,792.72. Despite the price drop, the trading volume has increased by 21.59% in the last 24 hours, rising to $22.14 billion. On the other hand, BTC still appears to have a market value of $1.01 trillion.
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Ethereum, the undisputed leader of altcoins, is trading at $2,924.72, up 1.21%, with a market value of $351.45 billion. However, ETH’s trading volume has seen a decrease of 35.34%, falling to $15.83 billion.
On the other hand, Binance Coin (BNB) price has increased by 0.63%, reaching $354.76, and still has not fallen below the critical $350 level. Additionally, its 24-hour trading volume has increased by 23.43%, rising to $1.29 billion.
Solana’s price seems to be inching closer to the $110 level. After a 1.55% drop, Solana’s price has fallen to $110.30. Despite the price drop, SOL’s trading volume has increased by 27.73% in the last 24 hours, reaching $1.98 billion.
XRP’s price surpassing $0.57 indicates a recovery trend. XRP’s price has increased by 1.63%, reaching $0.5717. Demonstrating investor interest, XRP’s trading volume has also seen an 88.46% increase, rising to $1.32 million.
The situation with meme coins appears to be somewhat mixed. Dogecoin’s current price has increased by 2.83%, reaching $0.08843, while its closest competitor, Shiba Inu, has shown a 0.02% gain, reflected in the charts at $0.000009805. Despite past bear market conditions, Pepe Coin’s price has fallen by 2.36% to $0.000001187 after the drop.
Today’s Top Crypto Prices
Arweave (AR) is at the top of the day with a 19.58% increase. As of the time of writing, AR’s price is trading at $14.5. The price increase is also reflected in the market cap, which has risen over 19%, settling just below the $1 billion level. During this period, the trading volume has surged by 312%, reflecting $122 million on the charts.
Filecoin (FIL) has seen a significant price increase and is one of the day’s highlights. Filecoin’s price, as of the time of writing, has risen by 15.11%, trading at $7.33. The 24-hour trading volume has seen a 216.14% increase, surpassing $1 billion.
The post first appeared on COINTURK NEWS: Bitcoin and Altcoins Show Positive Trends Despite Volatility
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