Bitcoin and Altcoin Analysis: Market Status (November 6, 2023)

As of November 6, 2023, the price of Bitcoin has risen to $103,070, marking a %1.4 increase. Against the Turkish lira, investors are trading at 4,370,722 TL. The general rise in the market has increased investor interest, positively affecting the prices of other major cryptocurrencies as well.

Ethereum has reached $3,382 with a %1.9 increase, while BNB is trading at $951, reflecting a %0.7 rise. Ripple stands out with a %4.3 increase, reaching $2.33. On the other hand, Dogecoin has decreased by %0.4, trading at $0.164, Solana has risen %1.4 to $159.3, and TRON has increased %0.5 to $0.287.

The most notable movement observed in the last 24 hours is in Zcash, which has surged %18.1 to $502, making it the top-gaining altcoin. Conversely, Dash has seen a %14.5 decrease, trading at $101.1, earning it the title of the largest altcoin to have fallen. Investors should be aware of these significant changes that affect the dynamics of the market.

The dollar index (DXY) is currently trading at 99.73, while Bitcoin's market capitalization is approximately $2.058 trillion. The total value of the cryptocurrency market has reached $3.52 trillion. The 24-hour trading volume has been recorded at $168 billion.

The dollar/TL is trading at 42.07, and the Euro/TL parity is at 48.57. In the last 24 hours, $316 million has been liquidated from the cryptocurrency market, affecting over 160,000 crypto investors. Of the liquidated positions, %59.02 are short positions, with the most liquidations occurring in Bitcoin (BTC).