👀👀What’s the Situation with Bitcoin and Altcoins: General Market Overview (May 8) 👀👀

Bitcoin is trading at $98,920 with a 2.4% increase at the time of writing, and approximately 3,667,510 TL in Turkish lira. Ethereum (ETH) gained 3.9%, reaching $1,903, while Binance Coin (BNB) rose 1.2% to $611. Ripple (XRP) increased by 2% to $2.18, and Dogecoin (DOGE) surged by 4.8% to $0.1805. Cardano (ADA) is trading at $0.702 with a 3.8% increase, Solana (SOL) rose 3% to $150, and Tron (TRX) increased by 2.4% to $0.2501.

The altcoin that gained the most in the last 24 hours was EOS (EOS) with a 20.9% increase, currently trading at $0.836. The biggest loser was Monero (XMR), which saw a 1.2% decrease; XMR's price is currently at $283.

The Dollar Index (DXY) is at 100.04. Bitcoin's market cap is approximately $1.98 trillion, while the total cryptocurrency market cap has reached $3.16 trillion. The 24-hour trading volume is around $133 billion.

When we look at exchange rates, Dollar/TL is trading at 38.65, and Euro/TL is at 43.76.

In the last 24 hours, $296 million worth of positions were liquidated in the crypto market. More than 107,000 investors were affected by this development. 71.54% of the liquidations were from short positions, with the most liquidations occurring in Bitcoin (BTC).

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