Current Situation of Bitcoin and Altcoins: Overview of the Markets (October 28)

As of October 28, significant price movements are observed in the Bitcoin and altcoin markets. Bitcoin, during the last transactions, decreased by %1.5 to trade at $113,778, while against the Turkish lira it is approximately at 4,847,585 TL. This decline attracts investors' attention, while the general fluctuations in the markets should also be taken into account.

Among other important cryptocurrencies, Ethereum experienced a decline of %3.6, falling to $4,081. At the same time, BNB dropped by %1.8 to $1,125, and Ripple decreased by %0.6 to $2.62. On the other hand, there are altcoins showing positive trends; Dogecoin rose by %5.7 to $0.207, Solana increased %5.4 to $204.17, and TRON climbed %2.3 to $0.3014.

Considering the last 24 hours, Zcash became the altcoin with the highest gain, rising by %23.9, trading at $354.95, while MemeCore was the biggest loser with a %6.4 drop, trading at $2.09. The dollar index remains stable at 98.95.

In terms of market values, Bitcoin's market capitalization is approximately $2.3 trillion, while the total value of the cryptocurrency market is around $3.99 trillion. The 24-hour cryptocurrency market volume has been recorded at $145 billion. Additionally, the Dollar/TL exchange rate started the new week at 41.99, and the Euro/TL exchange rate at 48.88.

A concerning situation for investors is that there was a $449 million liquidation in the cryptocurrency market in the last 24 hours. More than 110,000 cryptocurrency investors were negatively affected by this situation. Of the liquidated positions, %82.64 were short positions, and Bitcoin was the most liquidated asset. These developments highlight critical levels and market dynamics that investors should carefully monitor in the forthcoming period.