The crypto market is experiencing a wave of positive momentum, with Bitcoin trading steadily around $69,000.
This stability is reflected across the top-10 cryptos, all of which are in the green zone. Per CryptoRank data, Binance Coin (BNB) leads the gains with a 4.39% increase, followed by Toncoin (TON) at 4.10% and Bitcoin (BTC) at 1.99%. The total market capitalization has surpassed $2.7 trillion, marking a 1.18% increase, with Bitcoin’s dominance standing at 50.37%. The Fear & Greed Index currently sits at 73, indicating greed among investors. These factors suggest a bullish sentiment in the market, with investors showing confidence in the future of cryptos.
📈Market Overview#Bitcoin trades around $69K. The top-10 cryptos are traded in green zone:#BNB $BNB +4.39%#Toncoin $TON +4.10%#Bitcoin $BTC +1.99%
Market capitalization: $2.70T (+1.18%)
The #BTC dominance: 50.37% (+0.6%)
Fear & Greed Index: 73 (Greed)👉 Top Gainers… pic.twitter.com/7hyHoVdjev
— CryptoRank.io (@CryptoRank_io) June 3, 2024
Bitcoin Holds Steady Around $69,000
Bitcoin, the flagship cryptocurrency, continues to hover around the $69,000 mark, reflecting its stability in the market. This price level underscores Bitcoin’s resilience and its ability to maintain strong support despite market fluctuations.
The top-10 cryptocurrencies are trading in the green, indicating a positive trend in the market. Binance Coin (BNB) leads the pack with a 4.39% increase, followed by Toncoin (TON) at 4.10% and Bitcoin (BTC) at 1.99%. This upward movement suggests growing investor confidence in cryptocurrencies.
Market Capitalization Surpasses $2.7 Trillion
The total market capitalization of all cryptocurrencies has surpassed $2.7 trillion, marking a 1.18% increase. This milestone highlights the growing acceptance and adoption of cryptocurrencies as a legitimate asset class.
Bitcoin’s dominance in the market stands at 50.37%, up by 0.6% from the previous period. This indicates that Bitcoin continues to be the preferred choice for investors, despite the increasing popularity of alternative cryptocurrencies.
Fear & Greed Index Indicates Greed
The Fear & Greed Index, a metric that measures market sentiment, currently stands at 73, indicating greed among investors. This sentiment is often associated with a bullish market outlook, as investors are optimistic about the future of cryptocurrencies.
Several cryptocurrencies have experienced significant gains in recent trading sessions. GameStop (GME) leads the pack with an impressive 239% increase, followed by My Neighbor Alice (ALICE) at 52.8% and Nyan Heroes (NYAN) at 52.5%. ZeroLend (ZERO) and APX Finance (APX) have also seen substantial gains, with increases of 40.4% and 39.6%, respectively.
