Bitcoin and Altcoins Market Analysis for October 20th

As of October 20, the cryptocurrency market remains active. Bitcoin has increased by %3.9, reaching $111,118 and is trading around 4,663,773 TL against the Turkish lira. This rise is a significant indicator of Bitcoin's performance for investors.

Ethereum has also seen a %4.1 increase, reaching $4,063, while BNB is trading at $1,132 with a %0.8 decrease. The price of Ripple has risen by %4.5 to $2.46, and Dogecoin has climbed %5.9 to $0.201. Solana has gained %3.5 to reach $193, while TRON has increased by %2.7 to $0.323.

The altcoin that has shown the most notable performance in the last 24 hours is Bittensor, which surged %12.3 to $453.1. On the other hand, Provenance Blockchain is trading at $0.0349 after a %10.8 decline. The dollar index (DXY) is hovering around 98.45.

Bitcoin's market capitalization is estimated at approximately $2.21 trillion, while the total value of the cryptocurrency market has reached $3.86 trillion. A trading volume of $152 billion has occurred in the cryptocurrency market over the last 24 hours. The dollar/TRY closed the week at 41.950, while the Euro/TRY exchange rate is around 48.98.

Lastly, in the past 24 hours, $496 million has been liquidated from the cryptocurrency market, impacting more than 121,000 investors. %63.45 of the liquidated positions were from short positions, with the majority of liquidations occurring in Bitcoin. Investors should note that market fluctuations continue.