The latest crypto market statistics point toward massive fluctuations in the crypto market. As per CryptoRank, Bitcoin ($BTC) has plunged to $96K, while $TRUMP and other such tokens are nearing their exclusive all-time lows on February 8th. Additionally, 24-hour spot volume has decreased by 2.79%, reaching $66.51B. Overall, the crypto sector’s market capitalization has slumped by 0.62% to reach $3.28T. This indicates a noteworthy shift in the overall sentiment.
Bitcoin ($BTC) and Ethereum ($ETH) Price Falls Amid Their Decreasing Market Dominance
Particularly, Bitcoin ($BTC) is trading around $96,081, with a 0.80% decrease. Apart from that, the top crypto asset’s dominance has also witnessed a 0.17% drop, touching 58.14%. In addition to this, Ethereum ($ETH) has also seen a substantial impact of this downturn. Hence, its price has reached $2,619 following a 3.01% dip. Simultaneously, Ethereum’s market dominance has reached 9.64%, resulting from a 2.05% decline.
$DOGE and $SOL also Display Bearish Outlook
Along with that, the prominent meme token Dogecoin ($DOGE) is changing hands at $0.247 with a 0.69% dip. Moreover, Solana ($SOL) is presently trading at nearly $190.77 following a 0.18% decrease. However, despite the overall bearish market behavior, a few crypto assets have still recorded slight gains including $XRP, $TRX, and $BNB. In this respect, $XRP has touched $2.38 after a 3.72% rise. Parallel to this, $BNB and $TRX’s prices have reached $579.08 and $0.233, denoting 0.27% and 2.01% increases.
Large-Cap Assets Record Huge Losses While Small-Cap Assets Pocket Slight Gains
On the other hand, several large-capitalization crypto assets have also experienced huge losses during last 24 hours. Specifically, $BERA’s price dipped to $6.58, showing a 12.3% decrease. Concurrently, $MOVE saw a 10.7% decrease to reach $0.531 while the price of $S is approximately $0.382 following a 9.44% slump. Nonetheless, the market of small-cap crypto assets witnessed remarkable gains. Thus, $GODS and $SPORE’s prices jumped by more than 72.1% and 36.2%, attaining $71.9M and $11.8M marks respectively.
Overall Crypto Market Goes Through Provisional Sentiment Shift
As per the data shared by CryptoRank.io, the overall market momentum is bearish in line with the total market cap decline and top crypto assets’ dips. Additionally, the Fear & Greed Index stands at 44, displaying a slight fear. The weekend has also seen noteworthy funding rounds, with Prodigy.Fi, Fragmetric, and INXY Payments collected $5.0M, $7.0M, and $3.0M respectively. Keeping the overall market data, it seems that the investor sentiment is shifting in the short term.
