Cryptocurrency Market Faces Short-Term Oscillations
2025-07-14 22:40:54
Main Idea
The cryptocurrency market experienced short-term fluctuations with Bitcoin surpassing $123,000 before falling below $120,000, while altcoins showed mixed performance and some recovery post-market closing.
Key Points
1. Bitcoin surpassed $123,000 in U.S. markets but later fell below $120,000, recording a 0.6% increase over 24 hours.
2. Other leading cryptocurrencies like Ethereum, Dogecoin, Cardano, and Stellar's XLM depreciated by 2-3%.
3. Post-market closing, altcoins such as XRP, SUI, and Uniswap's UNI token showed modest recovery with increases of 2.5%, 10%, and 6%, respectively.
4. Shares of cryptocurrency-linked companies like MicroStrategy (MSTR), Galaxy (GLXY), and Coinbase (COIN) closed up by 1.5% to 4%.
5. Analysts noted that the ongoing rally is not near previous significant peaks and highlighted the absence of a distribution phase in Bitcoin's market.
Description
Bitcoin's rally has not reached its peak, despite recent market activity. Trading volumes increased but remain below previous market surges. Continue Reading: Cryptocurrency Market Faces Short-Term Oscillations The post Cryptocurrency Market Faces Short-Term Oscillations appeared first on COINTURK NEWS .
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