Market Update | 18th MAY 2025
The crypto market has shown some recovery today. The Fear & Greed Index stands at 74 but has slightly decreased, indicating reduced market confidence. Bitcoin's dominance has declined to 63.42%, down 0.34%, showing investors are moving towards altcoins. The total market capitalization has reached $3.24T (+0.77%), with altcoins at $1.19T (+1.37%).
24 Hour Price Changes:
Bitcoin: $103,561 (+0.09%)
Ethereum: $2,509 (+0.52%)
Solana: $169.71 (+0.49%)
BNB: $645.54 (+0.20%)
XRP: $2.38 (+0.51%)
Dogecoin: $0.22 (+1.67%)
The market has shown some recovery, with altcoins outperforming Bitcoin. Dogecoin has shown the highest gains. While the market mood has turned slightly positive, caution is still advised.
Key Observations:
1. Market shows signs of recovery after recent declines
2. Altcoins performing better than Bitcoin
3. Dogecoin leads the gains among major coins
4. Bitcoin dominance decreasing indicates capital rotation to altcoins
5. Market sentiment remains cautiously optimistic