- Bitcoin rises above $81K as market dominance climbs to 55.13%, boosting market cap.
- Dogecoin leads altcoins with a 23.5% surge as Bitcoin’s rally drives crypto gains.
- Niche tokens see explosive growth, reflecting high-risk appetite among investors.
The crypto market is forming a mixed picture as Bitcoin’s bull run continues, up until around $82,000. While the total market capitalization rose 1.73% to $2.91 trillion, Bitcoin’s share of the market has increased to 55.13%, an improvement of 0.89% from yesterday.
Other major cryptos were also bustling during the momentum of Bitcoin’s upward trajectory. The top performer among the majors was Dogecoin, which soared 23.5% in the last 24 hours. A small gain of 2.67% came the way of Bitcoin while Ethereum saw a loss of 1.47%.
Bitcoin’s climb in dominance suggests a consolidation phase where investors may be shifting focus from altcoins back to Bitcoin. The high level of investor optimism is further showcased by The Fear & Greed Index which has shot up to 76 now.
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Meanwhile, several lesser known assets have grown significantly in value. First place on the market was taken by The AI Prophecy ($ACT) which appreciated by a whopping 1,307%. Kira Powered by Infera ($KIRA) soared behind ACT and grew by 307%, while VLaunch ($VPAD) grew 295.2%. Interestingly, Peanut the Squirrel ($PNUT) and Uni ($UNI) also achieved amazing gains of 261.6% and 125.8%, respectively. These gains are testament to growing appetite for high risk, high reward avenues in niche projects.
The performance of these assets mirrors a dynamic market landscape where smaller tokens draw speculative interests. In the meantime, investors are eager to diversify their portfolios or boast of growth. They add to the market’s overall growth while providing hints to the direction of the industry.
