Bitcoin (BTC) has crossed the $65,000 mark and has spiked a sentiment of appreciation across the entire cryptocurrency space. In an X post on Friday, the analytical platform CryptoRank noted that Bitcoin has gained 3.41% in value. This increase is also adding to the growth of the top 10 cryptocurrencies in the market.
📈Market Overview#Bitcoin trades above $65K. The top-10 cryptos are traded in green zone:$DOGE +8.77%$SOL +4.91%$BTC +3.41%
— CryptoRank.io (@CryptoRank_io) September 27, 2024
Market capitalization: $2.43T (+3.15%)
The #BTC dominance: $53.17B (+4.86%)
Fear & Greed Index: 61 (Greed)
👉 Top Gainers
Moo Deng $MOODENG +82.2%… pic.twitter.com/oFecEJuqTJ
Market Cap Rises
According to the platform, the market capitalization of the total cryptocurrency market has increased by 3.15% to $2.43 trillion, showing a bullish trend in the market. Bitcoin’s market share has also gone up to 4.86% with a total market capitalization of $53.17 billion, which shows that Bitcoin is still the major driving force. The market’s Fear & Greed Index, a gauge of investor sentiment, has moved to 61 from the previous 50, a zone indicating greed, meaning investors are feeling more positive.
Within the top performers, Dogecoin (DOGE) reflected the most notable increase, with its price rising by 8.77% within the last 24 hours. Solana (SOL) also rose by 4.91%, which supported the positive trend that was observed in the market.
Major Gainers Identified
CryptoRank also presented some of the day’s biggest winners and losers excluding Bitcoin. Moo Deng (MOODENG) emerged as the market leader with a staggering 82.2% surge, followed by zkLink (ZKL) with 79%, and Byte (BYTE) at 73.6%. DOGE, which has been on the rise, also posted a 63.8% increase. LandWolf (WOLF) followed the list with the 54.8% growth confirming that the majority of the digital assets were in green.
Bitcoin Nears $65,000 Key Resistance Amid Market UncertaintyThe recent surge past the $65,000 mark is considered as a key level in the further growth of Bitcoin. The rise has been accelerated by the heightened institutional focus and the expansion of the market. As Bitcoin is dominating the market, investors are watching if this trend will be sustained.
Given that market sentiment is still in the “Greed” territory, the path is likely to be higher in the near future. The crypto market may be moving into a new phase of growth with Dogecoin and Solana posting impressive gains together with Bitcoin. Next few days would be crucial in showing if momentum remains positive and if Bitcoin could break new ground and challenge previous record highs.
