The cryptocurrency market continues to struggle to heal the wounds of the recent decline. The leading cryptocurrency Bitcoin (BTC) started a rapid increase during the week and managed to rise above $ 42,000. With this increase in Bitcoin, altcoins also gained speed.
However, the market then retreated again. While Bitcoin fell below $ 40,000, major decreases were recorded in altcoins. Here is the latest situation and current data in the cryptocurrency market.
Bitcoin Struggles For $40,000
Bitcoin (BTC), the world’s largest cryptocurrency in terms of market value, started a rapid decline from $ 42,500 in the past week and managed to regress to $ 38,500.
Then, with the effect of the FED’s statements, Bitcoin gained an upward momentum again and started to increase. So much so that this increase in BTC carried the price above $ 40,000.
However, the price dropped below $40,000 again and has been trading at this level for a while.
As of the time of writing, the leading cryptocurrency Bitcoin (BTC) is trading at $ 39,157, with an increase of 0.10% in the last 24 hours, according to CoinMarketCap data.
What is the Latest Situation in Altcoins?
These price movements in the leading cryptocurrency Bitcoin also have great effects on the price of altcoins. So much so that the decline of Bitcoin results in large losses in the price of many altcoins.
Ethereum (ETH), the second largest altcoin in terms of market capitalization, started an increase similar to Bitcoin during the week and managed to rise to the level of $ 2.2661.
Later, it started a decline again from this level and fell to the $2,550 level. As of the time of writing the content, Ethereum (ETH) continues to trade at $ 2,585, with a decrease of 0.10% in the last 24 hours, according to CoinMarketCap data.
In other altcoins in the top 10, the situation is as follows;
Binance Coin (BNB) continues to trade at $375, up 0.20% in the last 24 hours, Ripple (XRP) is down 0.83% at $0.79 in the last 24 hours, Terra (LUNA) is up 3.83% in the last 24 hours. Cardano (ADA) is down 0.005% at $0.79 in the last 24 hours, Solana (SOL) is down 0.48% at $82 in the last 24 hours and Avalanche (AVAX) is down 1.97% at $71.48 in the last 24 hours. continues.
Waves (WAVES) Keeps Increasing!
While the cryptocurrency market is generally in a bearish trend, popular altcoin Waves has been the star of recent times. So much so that Waves experienced an increase of more than 9% in the last 24 hours, while experiencing an increase of up to 50% in the last 7 days, becoming the most rising cryptocurrency of the week.
As of the time of writing, Waves (WAVES) continues to trade at $ 27.37 with an increase of 8.97% in the last 24 hours, according to CoinMarketCap data. In addition, in the last week, with an increase of 48.36%, it leads the list of those who have experienced the highest increase.