Latest Situation in Cryptocurrency Markets

Cryptocurrency markets can be affected by many current events, just like other traditional market instruments. While the process that started with the interest rate increases by the US central bank continued with the tension between Russia and Ukraine, the high inflation experienced by many countries made the biggest contribution to this and cryptocurrencies, along with Bitcoin, began to experience a stagnant process.

The process that started with the Covid epidemic gradually took an upward trend as the bitcoin halving process approached, and bitcoin started to approach its all-time peak again. However, the negative atmosphere caused by the war between Israel and Palestine and the participation of other countries in this war also showed itself in the cryptocurrency markets. Let's see together what the latest situation is in the markets that move up and down as of 17:00 on May 19, 2024. Data provided by Coinmarketcap. It may differ depending on the market.

Bitcoin (BTC)

Bitcoin, as the first crypto currency, is the cryptocurrency with the highest market dominance. As of May 19, bitcoin is traded in the markets at a price of $66,810. The 24-hour transaction volume is approximately 17 million dollars. While there was a 0.40% decrease in its price in the last 24 hours, it showed an increase of 9.37% in the last 7-day performance.

Ethereum (ETH)

Ethereum is the second largest cryptocurrency in terms of market dominance. While ETH is traded at 3,075 USDT in current data, it is far behind the all-time peak of 4,891 USDT. ETH has achieved a transaction volume of approximately $8 million in the last 24 hours. ETH, whose 24-hour performance decreased by 1.49%, has increased by 4.75% in the last 7 days.

Binance Coin (BNB)

Binance stands out as the world's largest cryptocurrency exchange. In addition, Binance, which provides services with its own blockchain, is one of the most used networks. In addition, BNB coin is the 3rd largest cryptocurrency in terms of market dominance after the Tehter stable coin USDT. BNB, which is currently traded at 577 USD, increased by 0.52% in the last 24 hours and decreased by 2.61% in the last 7 days.

Solana (SOL)

Sol, the local token of the Solona network, which is called the Ethereum killer, stands out as the 4th largest cryptocurrency in the market, excluding tradable coins, although it has encountered some negative situations, especially with the problems experienced in the network. Sol, which is currently traded at a price of 168 USDT, is well behind the all-time peak price of 260 USDT. Sol, which decreased by 2.87% in the last 24 hours, made its investors happy by showing an increase of 16% in the last 7 days. The chart below shows its 24-hour movement.