Bitcoin and Altcoins: September 29 Market Situation Analysis

As of September 29, the market situation of Bitcoin and altcoins is showing a remarkable trend. Bitcoin is trading at $111,785 with a 2.2% increase at the time of writing. Its price against the Turkish Lira has reached 4,644,954 TL. Ethereum, another leading cryptocurrency attracting investors' interest, has risen to $4,109 with a 2.3% increase, while BNB has also reached a value of $1,009 with a 3.7% increase.

Ripple is at $2.85 with a 2.6% increase, while Dogecoin is trading at $0.2337 with a 2.3% increase. Solana has risen to $208.84 with a 3.6% increase, while TRON remains at $0.3353 with a 0.5% decrease.

In the last 24-hour period, the altcoin with the highest value gain was MYX Finance, reaching $15.88 with a 27.3% increase, while the altcoin with the highest value loss was Plasma, trading at $1.32 with a 13.3% decrease. Looking at the overall market outlook, Bitcoin's market capitalization is approximately $2.18 trillion; the total cryptocurrency market capitalization has reached $3.87 trillion.

Additionally, the trading volume in the cryptocurrency market within the last 24 hours was around $170 billion. The Dollar Index (DXY) is hovering at 97.95. The Dollar/TL pair started the new week at 41.57, and the Euro/TL parity at 48.78.

In the last 24-hour period, a total of $353 million in liquidations occurred in the cryptocurrency market, affecting over 93 thousand investors. Short positions constituted 73.78% of the liquidated positions. Ethereum (ETH) ranked first among the most liquidated positions, and investors should enter a careful monitoring process.