The cryptocurrency market is facing a positive atmosphere these days. As the Bitcoin (BTC) price climbed above $62,000, other leading cryptocurrencies also experienced significant increases. This move increased optimism in global markets. The overall cryptocurrency market cap increased by 2.92% today, reaching $2.26 trillion. Total transaction volume increased by 16.83% and reached 55 billion dollars. Here is a brief look at the price movements of some leading cryptocurrencies as of July 15…
What is the latest situation in Bitcoin and altcoin prices?
BTC price increased by 5.18% today, reaching $62,531.83. The lowest and highest levels seen in the last 24 hours were $ 59,471.03 and $ 62,689.04, respectively. Bitcoin’s breakout of the $60,000 resistance level has increased investors’ optimism about future price movements. Bitcoin’s dominance rate also increased by 0.20%, reaching 53.71%, despite the rise in the altcoin market. ETH price surpassed the $3,200 resistance level thanks to optimism about the ETF expected to launch soon. Ethereum price rose 4.71% today to $3,323.23. The lowest and highest levels in the last 24 hours were $ 3,171.78 and $ 3,340.79, respectively.
SOL price increased by 5.03% today, reaching $151.48. The lowest and highest levels seen in the last 24 hours were $143.82 and $152.08, respectively. With this rise, Solana’s market value reached 70.32 billion dollars. XRP price increased by 1.57% today, reaching $0.528. The lowest and highest levels of this asset, supported by Ripple, seen in the last 24 hours were $ 0.5172 and $ 0.5396, respectively. While the DOGE price increased by 4.62% and reached $0.118, the SHIB price increased by 5.35% to $0.00001812. Additionally, the price of Pepe Coin (PEPE) increased by 8.55% and reached $0.00000974.
What were the biggest winners?
Some cryptocurrencies on the list made significant gains on a daily basis:
- Mog Coin (MOG) price increased by 17.24% and reached $0.000002042.
- Pendle (PENDLE) price increased by 14.12% to $4.38.
- Stacks (STX) price increased by 11.74% to $1.87.
- Artificial Superintelligence Alliance (ASI) price increased by 11.39% to $1.31.
In addition to the upward trend seen in price movements, there are also points to pay attention to. Despite daily gains of 1% to 5% seen in some altcoins, when looking at hourly charts, a decrease of 0.05% to 0.55% is observed in BTC, ETH, XRP and SOL prices. This may indicate that there may be volatility in the cryptocurrency markets again at the end of the day.
Sleeping whale took action
While the price of Bitcoin has increased by over 5% in the last 24 hours, reaching over $63,000, an upward trend prevails throughout the cryptocurrency market. One of the factors behind this rise is the action of large investors, known as whales. A Bitcoin wallet that has been dormant for nearly 12 years has become active again, transferring 1,000 BTC (about $60 million) in the last few hours. This massive transfer coincided with the rise in Bitcoin price and attracted the attention of investors.
In 2012, the owner of this wallet purchased 1,000 BTC when each Bitcoin was $12. This investment cost only $12,060 at the time. Today, the value of these 1,000 BTC has reached 60 million. It is thought that this transfer was caused by a whale who wanted to make a profit by taking advantage of the increase in Bitcoin price. Although the transfer of 1,000 BTC was not a large enough amount to significantly impact the market, it increased investors’ enthusiasm and contributed to Bitcoin continuing its uptrend.
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Yazının devamı için Bullish Return in Bitcoin and Altcoins: Whales Are on the Move!