Altcoins are under pressure as Bitcoin's dominance rises to 57.46% (+0.71% in 24 hours). The trading volume of $KAVA for the day fell by 20.55% to $14.58 million, indicating a decrease in liquidity.
The decrease in liquidity intensifies price fluctuations, especially for mid-level coins like KAVA. The Fear and Greed Index in the crypto market (56 out of 100) remains neutral, but altcoins struggle to attract capital amid BTC's dominance.
The decline of KAVA is linked to technical breakdowns, delays in ecosystem development, and a challenging situation in the altcoin market. While AI plans promise long-term potential, short-term sentiment depends on holding key technical levels.
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