The crypto market remained stable, holding a total value of $2.25 trillion, with over 30,000 digital assets in circulation. Bitcoin ($BTC) led the market, priced at $68,789 and holding a strong 60.6% market share. This dominance solidified BTC’s role as the most influential asset in the crypto space.
This substantial share reinforced $BTC’s position as the most influential asset in the crypto ecosystem. Meanwhile, Ethereum ($ETH) also asserted its presence with a 13.1% market dominance, priced at $2,433.
$BTC and $ETH Retain Dominance as Market Activity Remains High
In a significant 24-hour period, trading volume across the cryptocurrency market soared to $80.14 billion. The combined dominance of $BTC and $ETH represented a major portion of market interest, highlighting continued investor focus on these top assets.
Bitcoin’s steady increase in dominance aligns with increased market confidence, while Ethereum maintained its traction, aided by low gas fees at 5 Gwei, supporting efficient network transactions.
Liquidations Surge Amid Active Crypto Market Movements
Over the past day, total liquidations reached approximately $96.7 million, reflecting the volatile nature of the crypto market. Bitcoin’s liquidation was the largest, at $54.13 million, while Ethereum’s was second, at $29.52 million. Other coins, such as $DOGE, $LTC, and $SOL, also faced heavy losses, with liquidation values of $17.31M, $11.41M, and $5.74M, respectively.
Market sentiment was neutral, with moderate optimism on the fear and greed index. About 46% of traders held short positions, while 54% held long positions. This balance indicates a tempered outlook as traders weigh the current market dynamics.
In terms of price movement, Sui ($SUI) and Worldcoin ($WLD) saw notable volatility. $SUI demonstrated a minor decline of 0.88%, while $WLD experienced a modest 8.18% increase. These fluctuations reveal selective volatility among altcoins, even as $BTC and $ETH continue to anchor the broader market.
