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What’s happening with Bitcoin and altcoins: Market Overview (February 28)
Bitcoin is currently trading at around $63,783, down 5.7%, and approximately 2,803,680 TRY against the Turkish lira.
Ethereum (ETH) is down 8.7% at $1,859, BNB (BNB) has decreased by 5% to $595, Ripple (XRP) is down 7.1% at $1.31, Dogecoin (DOGE) has fallen 9.2% to $0.0837, Solana (SOL) is down 10.1% at $78.37, and TRON (TRX) has decreased 1.3% to $0.2812.
Over the past 24 hours, Provenance Blockchain (HASH) saw the largest increase among altcoins with a 6.2% rise, while Stable (STABLE) experienced the biggest decrease with a 17.8% drop.
Provenance Blockchain (HASH) is trading at $0.01707, and Stable (STABLE) is at $0.03053.
The DXY dollar index (DXY) is hovering around 97.39.
While Bitcoin’s market cap is approximately $1.26 trillion, the total cryptocurrency market value is around $2.26 trillion.
The 24-hour trading volume in the crypto market is approximately $116 billion.
The USD/TRY closed the week at 43.92, and the Euro/TRY exchange rate ended at 51.42.
In the last 24 hours, $501 million worth of positions were liquidated in the crypto market, affecting over 151,000 crypto investors.
Of the liquidated positions, 87.64% were long positions, with the most liquidations occurring in Bitcoin (BTC).