The crypto market is under heavier selling pressure today. The Fear & Greed Index has dipped to 70, showing that market sentiment is cooling off. Total market capitalization is down 1.54% to $3.24 trillion, with altcoins being hit harder — their combined value has fallen by 2.09% to $1.20 trillion. BTC dominance has climbed to 62.79%, indicating that investors are moving out of altcoins and back into Bitcoin.
Bitcoin has dropped 1.64% and is now trading at $102,250.62. Ethereum is down 2.29%, while Solana has seen a sharp decline of 5.94%. XRP has also fallen significantly by 5.51%. Dogecoin and BNB are both in the red as well. The market is currently in a short-term correction phase, with sentiment leaning bearish.$BTC