Bitcoin crosses $101K, while XRP leads with a 4.92% gain in the altcoin market.
With BTC dominance at 52.21%, the total market cap reaches $3.85T, showing bullish growth.
ELYSIA skyrockets 101%, while Metars Genesis plummets 33.8%, highlighting market instability.
The price of Bitcoin remains high as it crosses the $101,000 mark; this is still a positive trend for the cryptocurrency industry. On Saturday, in an X post, Crypto Rank pointed out that Bitcoin has risen only by 1.08%. Among other major cryptocurrencies, Bitcoin’s upward trend further underscores its prominence in the market despite fluctuation.
Altcoin Market Overview
While the leading cryptocurrency is stable, the situation with the other top 10 cryptocurrencies is diversified. The market also saw gains in XRP, which rose by 4.92%, leading the pack. On the other hand, Solana (SOL) was down by 0.52%, indicating the mid-way sentiment seen in the market in the last few days.
The market capitalization of Bitcoin remains dominant at 52.21%, up by 0.33%. The total market capitalization has soared to $3.85 trillion, showing a bullish trend across all digital currencies. However, the Fear & Greed Index remains at 83, which means ‘Extreme Greed’ and, therefore, a positive sentiment from investors.
Top Altcoin Gainers
Within the altcoin market, certain assets have recorded significant appreciation. The biggest gainer for the day was ELYSIA (EL), which skyrocketed by 101.1%. Hypurr Fun (HFUN) also came in second and increased by 84.5%. Bluefin (BLUE) is another noteworthy participant, which jumped by 74.2%. SCHIZO has risen by 69.4% and ELIZA has increased by 58.8%. These coins are pulling in traders with the intent of buying and a positive market outlook.
Altcoin Losses and Volatility
On the other hand, some altcoins have been plummeting, given massive bearish pressure. Metars Genesis (MRS) fell the most, shedding 33.8%. Maya Protocol dropped 28.6%, while M3M3 decreased by 24.8%. The prices of other cryptos also dipped, including Velodrome Finance (VELO) and Travala (AVA), which fell by over 20%.
While most altcoins show mixed signals and some disturbing trends, Bitcoin still holds up well. Experts are already positive regarding Bitcoin’s future, which will continue growing and touch new all-time highs in the near future. Bitcoin’s strength and expanding interest from institutional investors have put the cryptocurrency in a favorable position for future expansion.
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