$BTC Today, the cryptocurrency market is experiencing an overall negative sentiment. The total market capitalization has decreased by 1.25% and now stands at $3.33 trillion. The total market capitalization refers to the combined value of all cryptocurrencies — it is the total value of all coins and tokens that are in circulation, in dollars. The market capitalization of altcoins has also decreased by 1.23% and now stands at $1.19 trillion, reflecting the value of all cryptocurrencies except Bitcoin.

BTC dominance is at 64.11%, with a slight decline. BTC dominance indicates what portion of the total market capitalization is occupied by Bitcoin alone. When it decreases, it means that investors are more interested in altcoins. The Fear and Greed Index has also slightly decreased and now stands at 61, which is still in the greed zone — this means that investors in the market are still hopeful, but there are also some doubts.

In price action, all major coins are in the red zone. Bitcoin has decreased by 1.90%, trading at $107,277.76. Ethereum has also decreased by 0.87%. Solana has decreased by 3.89%, XRP by 3.46%, and Dogecoin has experienced the largest decline at 6.17%. This data indicates that selling pressure in the market has increased, especially on altcoins.