Bitcoin Flexes Muscle as Crypto Markets Stagger—Altcoins Left Gasping for Air
King BTC tightens its grip—dominance climbs while altcoins flail in its wake. A classic ’risk-off’ shuffle as traders ditch speculative bets for the OG crypto’s perceived safety.
Meanwhile, Ethereum plays defense, BNB chain grinds through congestion, and Solana’s ’uptime’ jokes write themselves. The market’s sending mixed signals—like a hedge fund manager explaining their third yacht purchase as ’portfolio diversification.’
One thing’s clear: When Bitcoin sneezes, the rest of the market still catches pneumonia. Welcome to decentralization, where one asset calls 54% of the shots.
The worldwide crypto landscape is currently experiencing mixed trends amid Bitcoin’s ($BTC) growing market dominance. As per the new market data, the total crypto market capitalization has touched $3.48T after a 0.46% decrease, while the total crypto trading volume has reached $124.29B following a 12.96% decrease. Apart from that, the Fear & Greed Index accounts for 70 points, highlighting a noteworthy “greed” in the crypto market.
Bitcoin Attains $103,913 Mark While Ethereum Stands at $2,509
The top cryptocurrency Bitcoin ($BTC) is now trading at $103,913 after a slight 0.24% price dip recorded over the past twenty-four hours. Additionally, the market dominance of Bitcoin is standing at 59.23%. Concurrently, the current price of Ethereum ($ETH) is hovering around $2,509 following a 1.40% drop, whereas its market dominance is nearly 9.1%.
$PIPPIN and $PI Dominate Crypto Gainers
In addition to this, the top daily crypto gainers include $PIPPIN and $PI. Leading small-cap crypto assets, $PIPPIN has seen a 75.0% rise over 24 hours. As a result of this, its price has reached the $0.0447 mark. Along with that, $PI’s price has reached $1.26. This price level indicates a cumulative 31.3% increase throughout the past 24 hours.
DeFi TVL Dips by 1.33% Whereas NFT Sales Volume Soars by 2.48%
Simultaneously, the DeFi market now accounts for a minor plunge of 1.33% in its TVL, which has touched $117.346B. The DeFi project in terms of TVL is AAVE, as it accounts for $24.329B. Nonetheless, Titan Protocol enjoys the top position in terms of daily TVL growth while expressing a 119494% increase.
On the other hand, the NFT sector shows a 2.48% jump as its sales total sales volume has reached $16,454,918. Particularly, Courtyard maintains its status as the top NFT collection based on sales volume, irrespective of a 16.34% decline.
Metaplanet Buys $126.7M in $BTC and Ledger Reinstates Discord Server After Phishing Scam
Amid this mixed performance in the crypto market, T-Rex, Sonic, and GoQuant have carried out effective funding rounds, collecting $17M, $10M, and $4M respectively. Concurrently, Metaplanet Inc. has acquired $126.7M more in $BTC, raising its Bitcoin holdings to 6,796 $BTC.
Moreover, Ledger has recently recovered its Discord server following a phishing scam that hit its moderator. Furthermore, Lido Finance has asserted that its protocol is completely secure after a recent oracle attack.
