Cryptocurrency markets have been very active in recent weeks. Bitcoin (BTC) is very close to its record level. The most popular altcoins are also experiencing significant price increases. Here is the latest situation in the markets…
One of the most controversial investment instruments of recent years cryptocurrencies, has been on everyone’s lips lately. The main reason for this is that the market is generally in an upward trend. Bitcoin (BTC), the number one crypto currencies, record levels The fact that it is floating around its shores has begun to excite consumers who have already invested.
Now with you, in the cryptocurrency markets final situation We will take a general overview. It is also very important for individuals who are considering becoming investors. we will have warnings. If you wish, let’s move on to the topic without further ado.
BTC can break a new record at any moment!
*Source: TradingView
The chart above reveals the price chart of BTC since the first day it was added to Binance. The most so far 69,044.77 BTC, which can see the dollar level, is now at the level of 66 thousand 450 dollars. However, BTC also tested the $67,000 levels many times.
All this means a new record level for Bitcoin. can be seen at any time means. If this happens, BTC ATH (all time high) will be refreshed after 2021.
Current situation in the top 10 cryptocurrencies:
*Source: Coinmarketcap
When we look at Coinmarketcap data, we see the 10 crypto assets with the largest volume in the market. in all We see that there is an upward trend. If we do not count stable coins; Ethereum (ETH) price has increased by 4.40 percent in the last 24 hours. Binance Coin (BNB) price decreased by 1 percent and Solana (SOL) decreased by 2.42 percent. While Ripple (XRP) continues to trade at $ 0.64, Cardano (ADA) is at $ 0.76 with a decrease of 3.61 percent. However, both XRP and ADA, in the last week It hosted very serious increases.
The “meme coin” craze continues at full speed!
Cryptocurrency markets have been around for a very long timememe coinDogecoin (DOGE) and Shiba Inu (SHIB), which are known as the most popular of these altcoins that do not have much of a purpose but are followed fondly by investors, have increased by 90 percent and 10 percent respectively in the last week. 280 percent increased. SHIB has increased by 47 percent even in the last 24 hours.
Remember that cryptocurrency markets are risky!
Cryptocurrency markets are what history has seen most volatile can be considered as investment instruments. BTC price, which is currently in an upward trend, can host huge declines in just 1 hour. Therefore, it is very important that you thoroughly understand all the risks before becoming a cryptocurrency investor. And no matter what, with hearsay information Do not invest in cryptocurrencies. Because this market hosted huge profiteers.
Do not invest in cryptocurrencies with debt or tuition!
If you plan to invest in cryptocurrency markets, set a budget that you can afford. Don’t wait, don’t wait Do not enter this market with borrowed money. Because crypto money markets can experience very sharp rises as well as very sharp declines. In the past, because he lost all his property who took his life There have been many cryptocurrency investors. Try to protect yourself from such risks.
Finally; If you are new to this market or do not have enough knowledge from leveraged transactions Let us emphasize that you should stay away. Because leveraged transactions involve much greater risks than spot trading transactions. Yes, the short-term profit margin may be higher in such transactions, but your entire balance, Can be reset in seconds. Please try to invest by taking all these into consideration.
*This content cannot be considered investment advice.