$ETH What’s the Situation with Bitcoin and Altcoins: A General Overview of the Markets (May 16)👀👀

At the time of writing, Bitcoin is trading at $103,980 with an increase of 1.4%. Against the Turkish lira, the price of BTC is approximately 4,053,656 TL.

Ethereum (ETH) has risen to $2,594 with a 0.7% increase, while Binance Coin (BNB) is trading at $657 with a 1.2% gain. Among other prominent altcoins, Ripple (XRP) has declined by 3.5% to $2.43, Dogecoin (DOGE) has decreased by 1% to $0.2273, and Cardano (ADA) has fallen by 0.4% to $0.7842.

On the other hand, Solana (SOL) has increased by 0.6% to $172, while Tron (TRX) has gained 1.3% and is trading at $0.2767.

In the last 24 hours, the cryptocurrency with the highest increase was Story (IP), which rose by 11% and is currently trading at $5. The biggest loss was experienced by dogwifhat (WIF), which fell by 6.6%; the current price of WIF is at $1.02.

On the macro data side, the dollar index (DXY) is at 100.54, while Bitcoin's total market value is approximately $2.06 trillion. The total value of the cryptocurrency market has reached $3.45 trillion. The daily trading volume is around $132 billion.

In exchange rates, the dollar/TL is at 38.84, and the euro/TL is trading at 43.56.

In the last 24 hours, $432 million worth of positions were liquidated in the crypto market, affecting more than 169,000 investors. Long positions constituted 74.4% of the liquidations, and the highest liquidation occurred in Ethereum (ETH).

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