Bitcoin and Altcoins Current Situation: Market Analysis (October 11)

As of October 11, Bitcoin and altcoin price movements attract attention, while the uncertainty continues for investors. Bitcoin is trading at around $111,374 with a value loss of %8.2, and is valued at approximately 4,684,134 TL against the Turkish lira.

Meanwhile, declines are observed in other significant cryptocurrencies as well. Ethereum fell %12.7 to $3,775, BNB dropped %14 to $1,092, Ripple decreased %13.6 to $2.43, Dogecoin plummeted %22.5 to $0.192, Solana fell %16.6 to $183.54, and TRON saw a %5.2 drop to $0.3183.

In the last 24 hours, ChainOpera AI (COAI) has become the altcoin with the highest value increase, rising %6, while Story (IP) experienced the largest value decrease with a drop of %43.7. ChainOpera AI is currently trading at $6.9, while Story (IP) has decreased to $4.91.

Reflecting the general situation in the cryptocurrency market, the dollar index (DXY) is hovering around 99.35. The market capitalization of Bitcoin is approximately $2.22 trillion, while the total value of the cryptocurrency market has declined to about $3.8 trillion. The 24-hour trading volume is recorded at approximately $512 billion.

Another important point for investors to consider is that approximately $19.32 billion worth of liquidations occurred in the cryptocurrency market in the last 24 hours. This situation has directly affected over 1.6 million cryptocurrency investors. It is noted that %87.08 of the liquidated positions were long positions, and the largest liquidation occurred in Bitcoin (BTC).

As investors continue to analyze market dynamics, they must carefully monitor price levels and volatility. In this process, critical levels that investors should pay attention to include technical support and resistance points.