Bitcoin dominance dips as altcoins like Toncoin and DOGE show gains in mixed market trends.
The overall crypto market contracts slightly despite Bitcoin’s continued strong performance.
Altcoins outside the top ten, including Mao and Dimitra, post notable percentage gains.
According to recent CryptoRank data, Bitcoin has stalled at over $58,000, proof that it did not blink despite the volatility that has characterized the crypto space. Further, the Fear & Greed Index indicates the level of fear at 32, proving fear still persists in the market. The total market capitalization has reduced from the previous trading period by 0.22%, settling at $2.14 trillion.
Market Overview#Bitcoin trades above $58K. The top-10 cryptos are traded in different directions:$TON +2.38%$DOGE +1.73%$ETH -0.47%
Market capitalization: $2.14T (-0.22%)
The #BTC dominance: 53.48% (-0.32%)
Fear & Greed Index: 32 (Fear)
Top Gainers
Mao $MAO +43.2%… pic.twitter.com/FZxgL41vdb
— CryptoRank.io (@CryptoRank_io) September 13, 2024
All the significant cryptos are depicting mixed trends with some of them registering gains while others on the contrary are registering losses, albeit with varied percentages of loss. The biggest winner within the group is Toncoin (TON) which has increased by 2.38% to trade at $5.55 at press time. On the other side of the spectrum, DOGE has seen an increase in its value by 1.73%, to $0.1046, which could further help to maintain its place in the memecoin segment.
On the other hand, Ethereum (ETH) has seen a small drop of 0.47%, trading at $2,355 as of press time. This split of the top cryptocurrencies suggests that while some tokens are discovering buying pressure others have issues which results in mixed performance.
BTC Dominance Slide Slightly
Despite Bitcoin’s climb, the overall cryptocurrency market has experienced a slight contraction. This shift suggests that despite Bitcoin’s gains, the broader market has not followed suit with the same intensity.
The Bitcoin dominance index, which measures Bitcoin’s market share relative to the rest of the market, also dropped by 0.32%, landing at 53.48%. This decrease shows that while Bitcoin remains the leading digital asset, altcoins are still vying for investor attention, with some outperforming in the short term.
Top Gainers See Notable Increases
Outside the top ten, several altcoins have posted significant gains. Mao (MAO) led the market with a remarkable surge of 43.2%, followed closely by EtherVista (VISTA), which jumped by 40%. Additionally, Dimitra (DMTR) and PolySwarm (NCT) have gained 34.9% and 33.4%, respectively, demonstrating strong upward momentum. Another standout is TopGoal (GOAL), which saw an increase of 26.5%.
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