Current Status of Bitcoin and Altcoins: Market Analysis (December 5)

As of December 5, the latest developments regarding Bitcoin and altcoins are being closely monitored by investors. Bitcoin is currently trading at $92,070, showing a decrease of %1. Against the Turkish Lira, Bitcoin's price is recorded at 3,977,779 TL.

On the other hand, Ethereum (with a %0.6 decrease to $3,168), BNB (with a %0.9 decrease to $901), Ripple (with a %4.1 decrease to $2.09), Dogecoin (with a %2.1 decrease to $0.146), Solana (with a %3.5 decrease to $138.4), and TRON (with a %2.2 increase to $0.286) prices are also noteworthy. In the last 24 hours, Zcash emerged as the altcoin with the highest increase, gaining %9.6, while Aptos stood out as the altcoin with the most decrease at %4.7. Currently, Zcash is trading at $388, and Aptos at $1.91.

The general situation in the cryptocurrency market shows that the Dollar Index (DXY) is hovering around 98.92, with Bitcoin's market capitalization around $1.837 trillion. The total cryptocurrency market capitalization is estimated at $3.21 trillion. The 24-hour cryptocurrency market volume is approximately $165 billion.

In terms of exchange rates, the Dollar/TL is trading at 42.47 and Euro/TL at 49.49. However, another noteworthy situation is the $265 million worth of liquidation that occurred in the cryptocurrency market in the last 24 hours. This liquidation has affected more than 95,000 cryptocurrency investors. Short positions constituted %66.33 of the liquidated positions, with the highest liquidation occurring in Bitcoin.

Looking at all these data, it becomes clear that investors need to closely monitor the market fluctuations and critical price levels. As uncertainty continues in the cryptocurrency market, Bitcoin remains the most prominent asset to pay attention to.