Bitcoin and Altcoins Current Status: November 24 Analysis

As of November 24, Bitcoin has shown a 1% increase, reaching a level of $87,241 at the time of writing. Against the Turkish lira, it is trading at approximately 3,711,625 TL. This increase in value, closely monitored by cryptocurrency investors, may indicate a general positive sentiment in the markets.

Meanwhile, notable activity is also observed in other major altcoins. Ethereum (ETH) is up 1% at $2,861, BNB (BNB) has risen 0.6% to $852, Ripple (XRP) increased by 1.5% to $2.09, Dogecoin (DOGE) is up 2.5% at $0.1471, Solana (SOL) has risen 1.5% to $132.68, and TRON (TRX) is up 0.8% at $0.277. This market activity is raising investors' interest in crypto assets.

In the last 24 hours, Canton (CC) has gained attention with an 11.8% increase, becoming the most profitable altcoin, trading currently at $0.08448. On the other hand, Zcash (ZEC) has declined by 5.6% to $555.58, making it the biggest loser among altcoins. Within the cryptocurrency market, a total of $206 million in liquidations occurred in the last 24 hours, affecting over 107,000 investors. Short positions accounted for 50.98% of the liquidated positions, with Bitcoin being the most liquidated asset.

It is also worthwhile to take a look at developments in the foreign exchange market. The dollar/TL is trading at 42.45, while the euro/TL parity stands at 48.96. The total value of the cryptocurrency market remains around $3.06 trillion, with Bitcoin's market capitalization reaching approximately $1.74 trillion. The daily trading volume is around $142 billion.

It is critical for investors to carefully monitor price movements in Bitcoin and altcoins, as they are essential for determining the market's direction. Focusing on support and resistance levels in technical analyses can provide a strategic approach when evaluating potential investment opportunities.