The crypto market experienced a day of mixed outcomes, with Bitcoin, the leading cryptocurrency, witnessing a 2% drop from its recent highs but maintaining its position above the $90K threshold at $92,479.61. Despite this pullback, Bitcoin dominates the market with a 57.34% share and a robust trading volume of $91.22 billion, which has risen by 7.94% in the past 24 hours. Traders are closely eyeing the critical support level at $90,770.82 as the market anticipates Bitcoin's next move.

Altcoins exhibited diverse performances, with Ethereum slipping by 0.98% and Solana and XRP posting sharper declines of 3.46% and 5.60%, respectively. The downturn in these major altcoins reflects bearish sentiments among investors. Meanwhile, the global crypto market cap has contracted by 1.89%, standing at $3.19 trillion. Intraday trading volumes surged by 6.85% to $224.03 billion as opportunistic investors sought to capitalize on the dip.

Notably, Fantom (FTM) emerged as a standout performer, leading the top 100 cryptocurrencies with an impressive 9.57% gain. Algorand and Injective followed, securing gains of 7.97% and 7.90%, respectively. Conversely, Stellar endured the steepest losses, plummeting by 12.95%. Other notable decliners included The Sandbox and Dogwifhat, which fell by 9.70% and 9.31%, respectively.

The Fear & Greed Index, a key indicator of market sentiment, remains in the extreme greed zone with a score of 80. While this underscores the ongoing bullishness in the market, it also signals a potential risk of corrections, urging investors to approach the market with caution.

As the market remains volatile, Bitcoin’s trajectory and altcoin trends will likely dictate the next phase of market activity. Subscribe for daily updates to navigate the fast-paced and ever-evolving crypto landscape.