Altcoin Quarterly Index Plummets, Bitcoin Dominance Soars—Is a Sell-off Imminent?
Bitcoin dominance surged to 61.52%, while the Altcoin Quarterly Index fell to 34/100.
Cryptocurrency market capitalization fell 2.75%, while trading volume jumped over 13% in 24 hours.
Greed prevailed, with the Fear & Greed Index at 67, reflecting strong risk appetite.
The cryptocurrency market is undergoing a trend shift. Amidst significant capital flows and rapidly shifting investor sentiment, Bitcoin has reasserted its dominance. Despite a surge in 24-hour trading volume to $222 billion, the total cryptocurrency market capitalization has fallen 2.75% to $3.82 trillion.
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