Analytical platform CryptoRank revealed a positive trend in the cryptocurrency market with Bitcoin at the top of the list. As of press time, Bitcoin (BTC) is still trading above $90,000, a big breakthrough in digital assets. This momentum has continued to the other top cryptocurrencies, as the top ten assets have increased.
BTC Dominance and Growth
The price of Bitcoin alone increased, thereby causing the total market capitalization of the cryptocurrency market to rise to $3.17 trillion within the last 24 hours, a 3.85% increase. BTC’s dominance is at 56.69% today, up by 0.09% from the previous day, and this still makes Bitcoin the king in the market.
Investor sentiment is apparently the best it has ever been, given the Fear & Greed Index, which is currently standing at 88, which is in the Extreme Greed zone. This means that the mood remains extremely positive in the crypto world, with more and more people buying into the market as the prices rise.
Top Altcoins on the Rise
In the top 10 cryptocurrencies, Cardano (ADA), Ripple (XRP), and Dogecoin (DOGE) are demonstrating high growth rates. ADA has gained 8.77%, XRP has increased by 7.44%, and DOGE has risen by 6.67%, creating a positive market atmosphere.
Smaller altcoins have also posted impressive gains, with Petunia (PET) leading the charge, rising by an extraordinary 722.7%. Other performers of interest are Dogami (DOGA), which has risen 406.6%, Dora Factory (DORA), which has risen 363.1%, and Obi PNut Kenobi (OPK), which has risen 346.5%. First Convicted RACCON (FRED) has also risen by 277.9%.
Bitcoin Goes Ballistic and Is Not So Far From $100K TargetThe crypto market continues to be dominated by Bitcoin, while overall, the market remains bullish thanks to interested investors and strong performances from diverse altcoins. Despite the fact that the market is currently in the phase of greed it is crucial to note that such high levels of greed are usually followed by a market correction in the coming period. However, holding ground at $90,000 moves Bitcoin to a better vantage point for more upward movement in the next couple of days.
