The cryptocurrency market has maintained a calm stance over the past 24 hours, with Bitcoin trading slightly higher at $97,000. While BTC showed resilience, nearly falling below $96,000 at one point, its dominance continues to decline, dropping by over 3% in the past week. This shift has paved the way for altcoins to make notable gains.
Bitcoin Holds Steady
Bitcoin's price saw a modest increase of 0.4%, but market participants remain focused on whether it can breach the long-anticipated $100,000 mark. The broader market capitalization stayed largely flat, reflecting a pause in major movement among large-cap cryptocurrencies.
Hyperliquid (HYPE) Takes the Lead
The star of the weekend is undoubtedly Hyperliquid (HYPE). Following its recent airdrop, HYPE has surged to trade above $9, boasting a market capitalization exceeding $3 billion. This meteoric rise makes it the best-performing cryptocurrency within the top 100, capturing significant attention across the crypto space.
Other Notable Gainers
Brett (BRETT), a rising meme coin, has gained over 20%, fueled by its growing community and increasing interest in meme-focused cryptocurrencies.
Hedera (HBAR) also posted a 20% increase, driven by ongoing ecosystem developments and investor optimism.
Large-Cap Cryptos Stay Flat
While smaller tokens are experiencing explosive growth, major cryptocurrencies like Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), and XRP have seen little movement, trading within a narrow range of -2% to +2%.
This weekend highlights the growing trend of altcoins taking center stage as Bitcoin's dominance declines, with Hyperliquid leading the pack in a rally that's turning heads across the crypto world.#BTC #Altocoin ##BSCOnTheRise $BTC $BTC