Bitcoin and Altcoin Latest Status: November 3 Analysis

As the cryptocurrency markets experience a volatile day, the prices of Bitcoin and altcoins are drawing the attention of investors. Bitcoin is currently trading at $107,623, down by 2.5%, and is valued at approximately 4,628,712 TL against the Turkish lira. This decline aligns with the overall market trend.

Similar declines are observed in other major altcoins. Ethereum has decreased by 4.2% to $3,735, BNB has dropped 4.6% to $1,039, Ripple is down 3.7% to $2.42, and Dogecoin is trading at $0.174, reflecting a loss of 7.2%. Solana fell 5.4% to $176.9, while TRON decreased 2.5% to $0.294.

In the last 24 hours, the most notable development was the Aster (ASTER) altcoin, which gained 10.7%, rising to $1.06. On the other hand, the Pumpfun (PUMP) altcoin experienced a 11.9% drop, with its price falling to $0.00415.

In the overall market, the dollar index (DXY) is hovering around 99.73. The market capitalization of Bitcoin is approximately $2.14 trillion, while the total cryptocurrency market value is around $3.69 trillion. The total trading volume in the cryptocurrency market over the last 24 hours was recorded at $125 billion. The dollar/TL opened the week at 42.07, and the Euro/TL exchange rate opened at 48.57.

In the cryptocurrency market, a total of $399 million was liquidated in the last 24 hours, affecting more than 162,000 investors. 85.22% of the liquidated positions were long positions, and the most liquidations took place in Bitcoin. This situation presents a critical point for investors to pay attention to.