Bitcoin and Altcoins Drop: Current Market Overview

As of November 14, the cryptocurrency markets are going through a turbulent period. Bitcoin is trading at a price of $97,527, experiencing a decline of %5.4. In terms of Turkish lira, the price of Bitcoin is approximately 4,126,354 TL. This market decline has drawn the attention of investors and continues to affect market dynamics.

Ethereum has decreased to around $3,192 with a decline of %9.6, while Binance Coin (BNB) has fallen to about $917 with a %5.2 loss. Ripple (XRP) saw a decrease of %7.3, reaching $2.31, and Dogecoin (DOGE) declined by %6.9 to $0.1638. Among other significant altcoins, Solana fell by %8.3 to $142.94, while TRON saw only a %1.9 decline, trading at $0.2911.

The most noteworthy development in the last 24 hours was Quant (QNT). QNT increased by %4.1, giving hope to investors, and its price rose to $89.45. However, the altcoin that lost the most value during this process was Canton (CC), which fell by %12.8 to $0.1118.

Looking at the overall picture of the cryptocurrency market, Bitcoin's market capitalization is recorded at approximately $1.94 trillion, while the total market capitalization is about $3.37 trillion. The daily trading volume stands around $238 billion. The Dollar Index (DXY) is currently at 99.13. The Dollar/TL exchange rate is trading at 42.33, while the Euro/TL exchange rate has risen to 49.34.

During this period, a total of $1.02 billion has been liquidated from the cryptocurrency market. A significant portion of the liquidated positions (%87.17) consisted of long positions, with the most liquidation occurring in Bitcoin (BTC). This situation necessitates caution among investors regarding market fluctuations.