Bitcoin and Altcoins Current Situation: Market Analysis (October 13)

Cryptocurrency markets have gained significant momentum, attracting the attention of investors. Bitcoin is currently trading at around $115,074, with a rise of 2.8%. Against the Turkish lira, Bitcoin is trading at around 4,684,134 TL, showcasing a noteworthy performance alongside the interconnected factors affecting market dynamics.

Meanwhile, other leading altcoins have also recorded modest but notable increases. Ethereum rose by 8.5% to $4,158, BNB increased by 14.7% to $1,321, Ripple saw an increase of 8.1% to $2.59, and Dogecoin gained 9.7% to reach $0.209. Additionally, Solana rose by 7.7% to $196, while TRON tested levels of $0.322 with a 2.2% increase.

In the last 24 hours, ChainOpera AI (COAI) achieved a significant rise of 45.6%, claiming the title of the highest-gaining altcoin, while MemeCore (M) faced a decline of 7.2%, becoming the most lost altcoin. ChainOpera AI is currently trading at $9.32, while MemeCore is at $2.05.

Looking at the forex market, the dollar index (DXY) is sustaining at 99.35. The market value of Bitcoin stands at around $2.22 trillion, and the total value of the cryptocurrency market is approximately $3.8 trillion. The 24-hour trading volume of the cryptocurrency market is recorded at $512 billion.

In the past 24 hours, a total of $19.32 billion was liquidated in the cryptocurrency market, affecting more than 1.6 million crypto investors. 87.08% of the liquidation transactions were from long positions, with the highest liquidation occurring on Bitcoin. This situation may be interpreted as a sign that the market environment is risky for investors.

As investors monitor the current state of the market, they should consider the price movements of cryptocurrencies and potential support-resistance levels.