- Bitcoin rises above $64K, boosting market capitalization to $2.36 trillion with a 1.97% gain.
- Solana leads with a 3.81% gain, while TRON falls 1.49% amid mixed market performance.
- BTC dominance climbs to 53.91%, but the Fear & Greed Index remains at 48.
The analytical platform CryptoRank provided market data and revealed that Bitcoin (BTC) has risen above $64,000. In an X post on Monday, the platform noted that the total cryptocurrency market was characterized by varying performance, with some major coins making gains while others show a decline. Bitcoin’s price increase of 2.56% comes alongside a rise in market capitalization, which now stands at $2.36 trillion, reflecting a 1.97% growth.
📈Market Overview#Bitcoin trades above $64K. The top-10 cryptos are traded in different directions:$SOL +3.81%$BTC +2.56%$TRX -1.49%
— CryptoRank.io (@CryptoRank_io) October 14, 2024
Market capitalization: $2.36T (+1.97%)
The #BTC dominance: 53.91% (+0.47%)
Fear & Greed Index: 48 (Fear)
👉 Top Gainers
GME (Ethereum)… pic.twitter.com/vahJNBgr5P
Solana Leads Gains
Solana (SOL) led the pack of major cryptocurrencies in posting a 3.81% gain in its value, while TRON (TRX) went down by recording 1.49%. Bitcoin is still the leading coin in the market to date, and BTC’s dominance is at 53.91%, up from 0.47% on the last day. Though the Fear & Greed Index, a market sentiment gauge, is currently at 48, traders are still fearful, and the index is in the fear zone.
Altcoins Show Gains
On Monday, analyst CryptoBusy shared in an X post that Worldcoin (WLD) is now among the top three cryptocurrencies by performance in the last 24 hours. Given its 16.06% growth in value, WLD has been one of the most discussed assets.
$WLD #Worldcoin trade! 🔥
— CryptoBusy (@CryptoBusy) October 14, 2024
One of the top 3 gainers in the last 24 hours!
Happy Bullish Monday! LFG! #Bitcoin pic.twitter.com/27R1yRDhyM
Analyzing the market, CryptoRank singled out several coins that have shown high results. They include GME (Ethereum) with a 63.5% jump, GOU surging 55.9%, and HANA up by 42.9%.
The Department of Government Efficiency (DOGE) token surged 38.8%, and REEF surged 35.6%. These tokens have boosted confidence in some altcoins even as the rest of the market remains unpredictable.
The overall performance of the top cryptocurrencies and the appearance of certain altcoins indicate that the current market is diverse. The price of Bitcoin is back above $64K again, which is good, but the mood among traders is still relatively conservative.
