Bitcoin

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Ethereum

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Bitcoin continues to gain strength and has now crossed the $87,000 mark, increasing its dominance over the entire crypto market. In a Wednesday X post, CryptoRank highlighted Bitcoin&#39;s resilience, emphasizing that it continues to dominate the market despite the decline in value of several major digital assets. While Bitcoin has held its position well, the rest of the cryptocurrency market is under pressure, with several major coins in the red zone.CryptoRank has reported that the market capitalization has dropped by 4.23% and is now at $3.05 trillion. Nevertheless, Bitcoin’s market share has increased to 56.68 %, a 2.26 % increase from previous levels. This dominance increase can be attributed to the ongoing performance of Bitcoin even while other cryptocurrencies are not doing very well. Investors are focusing on Bitcoin again since it is still the market frontrunner.Top Cryptos Struggle in RedOn the opposite side of Bitcoin’s growth, several top ten cryptocurrencies had significant losses. The price of Cardano (ADA) has deteriorated by 16.8%, while <a href="https://cryptotale.org/doge-soars-above-0-40-as-retail-interest-and-futures-surge/" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) came under pressure, shedding 11.8%. Ethereum (ETH), the second-largest cryptocurrency, also fell by 7.6%.While most of the major altcoins are undergoing a downfall, Bitcoin signals that investors are still optimistic about its future prospects. The <a href="https://alternative.me/crypto/fear-and-greed-index/" rel="noopener noreferrer nofollow">Fear &amp; Greed Index</a>, an indicator that measures market sentiment, currently shows a value of 84, which is indicative of greed. This means that, though the market has its problems, many people still believe in Bitcoin’s potential for future expansion.<a href="https://cryptotale.org/bitcoin-hits-87koutpaces-altcoins-in-market-dominance/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Hits $87K, Outpaces Altcoins in Market Dominance

CryptoTale

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