Current Status of Bitcoin and Altcoins: A Market Overview (November 12)

The price movements of Bitcoin and altcoins are being closely monitored by investors. As of November 11, Bitcoin is trading at approximately $103,479, experiencing a decrease of %1.4. Against the Turkish lira, the price of Bitcoin is set at around 4,384,806 TL. The general downward trend in the markets has also affected other altcoins such as Ethereum, BNB, Ripple, and Dogecoin.

Ethereum has dropped to $3,450 with a loss of %2.5, causing concern among investors. BNB is trading at $959, reflecting a decrease of %2.3. Ripple has decreased by %2.8 to $2.40, while Dogecoin is trading at $0.172, down by %3.1. Particularly, Solana has drawn attention with a decline of %5.4, bringing it down to $155.36. On the other hand, TRON has increased by %1.4, reaching $0.3006.

In the last 24 hours, Canton has emerged as the most rising altcoin, starting to trade at $0.125 with an increase of %11.5. Meanwhile, Zcash has seen a drop of %10.3, trading at $468, making it the altcoin with the most significant value loss. The dollar index is holding steady at 99.62.

In terms of the cryptocurrency market, Bitcoin's market cap is approximately $2.06 trillion, while the total value of the cryptocurrency market is about $3.56 trillion. The market volume recorded in the last 24 hours is $192 billion. Additionally, the Dolar/TL exchange rate has opened at 42.23 and the Euro/TL exchange rate at 48.88.

Recent developments in the markets have negatively impacted investors; in the last 24 hours, a total of $340 million was liquidated from the cryptocurrency market. This situation affected more than 139,000 cryptocurrency investors. Long positions constituted %60.84 of the liquidated positions, with the highest liquidations occurring in Bitcoin. Due to the uncertainties in the markets, it is crucial for investors to be cautious and to monitor critical levels closely.