Current Status of Bitcoin and Altcoins: Market Analysis

As of November 1st, the situation of Bitcoin and altcoins presents a chart that raises curiosity among investors. Bitcoin is currently trading at $109,303 with an increase of 0.3%. Against the Turkish lira, this value is fluctuating around 4,628,712 TL.

On the other hand, Ethereum (ETH) has reached $3,851 with a 0.7% increase, while Binance Coin (BNB) has declined by 0.8% to $1,084. Ripple (XRP) is valued at $2.50 with a 0.9% increase, and Dogecoin (DOGE) is trading at $0.1856 with a 0.7% increase. Solana (SOL) remains unchanged, maintaining the level of $185.22. TRON (TRX) showed a small increase, rising to $0.2952.

In the last 24 hours, the altcoin with the highest increase is Virtuals Protocol (VIRTUAL), which has risen by 32% to $1.77, while OKB (OKB) has decreased by 3.9% to $142.38. These fluctuations draw investors' attention while also determining the general body language of the market.

The dollar index (DXY) is currently around 99.80. Bitcoin’s market capitalization is approximately $2.19 trillion, while the total value of the cryptocurrency market is around $3.78 trillion. Additionally, the 24-hour trading volume is recorded at $139 billion. The dollar/TL closed the week at 42.06, while the Euro/TL pair reached 48.48.

Investors should consider that there has been a total liquidation of $213 million in the cryptocurrency market in the last 24 hours, affecting more than 102,000 investors. This indicates a significant increase in market volatility.

It is essential to pay attention to the critical levels that investors should monitor. Reviewing position-taking and risk management strategies in line with the price movements of prominent cryptocurrencies and market fluctuations may be beneficial.