Bitcoin holds steady at $92,000, while most other major cryptocurrencies lose recent gains amid broader market declines. In an X post on Tuesday, analytical platform CryptoRank notes that Bitcoin maintains its position as the market’s king while the top 10 altcoins are firmly in the red. Bitcoin fixes its dominance at 54.62%, down by 0.64% in the last 24 hours while the global crypto market capitalization is at $3.36 trillion.
Bitcoin Holds Above $92K
However, the price of Bitcoin has failed to break down the crucial $92K support level after the correction. Despite the declines, the sentiment remains “extremely greedy,” with the Fear & Greed Index at 79.
Bitcoin stands still while other cryptocurrencies are experiencing noticeable retracement. Altcoins have fallen significantly, with Cardano being the most affected, dropping by 12.2%. Dogecoin (DOGE) has fallen by 10.2%, and Solana (SOL) has fallen by 8.83%. These declines have contributed to the 4.95% decline in the market capitalization of the whole market.
Smaller Tokens Surge
As some of the leading coins struggle, many of the smaller coins have shown strong gains. The biggest gainers include Thena (THE), which has surged by 432.7%, and EML Protocol (EML), which increased by 366.5%.
Other big movers are Aixbt by Virtuals (AIXBT), Mossland (MOC), and SKI MASK DOG (SKI). While AIXBT increased by 78.6%, MOC rose by 56.5% and SKI surged by 56.4%. This situation demonstrates that, despite the general market situation, smaller tokens remain volatile and risky as ever in the world of cryptocurrencies.
BTC Drops Below $95K Amid Selling Pressure, “Inverse Cramer” EffectThis comes despite the broader market bearish trend, with Bitcoin price holding above $92K and the asset’s continued dominance indicating investor confidence. As the market conditions remain unstable, investors pay a lot of attention to the changes in the Bitcoin price. At the same time, it is possible to notice that smaller tokens such as Thena and EML Protocol can also bring attractive profits to risk-tolerant traders.
