Market Update
Date: 16/06/25
UTC Time: 10:55 AM
Pakistan Standard Time: 03:55 PM
Today, the crypto market witnessed a healthy recovery. The total market capitalization increased by 1.29%, reaching $3.29 trillion. Total market cap refers to the combined dollar value of all cryptocurrencies, meaning the overall amount of money invested in the crypto market. The altcoin market cap rose by 1.56% to $1.16 trillion, which represents the total value of all coins excluding Bitcoin.
BTC dominance dropped to 64.60%, indicating a slight shift in investor interest towards altcoins. When BTC dominance falls, it typically means that more capital is flowing into altcoins. The Fear and Greed Index has reached 51, placing it in the neutral zone, but also reflecting a bit of optimism in the market.
In terms of price action, every major coin has shown positive performance and moved into the green. Bitcoin rose by 1.60% to reach $106,806. Ethereum showed a strong gain of 3.76%, while Solana led the market with the highest jump of 7.05%. XRP increased by 1.97%, Dogecoin by 1.23%, and BNB by 0.79%. Overall sentiment appears bullish, and altcoins have outperformed Bitcoin.$BTC