The cryptocurrency market has kicked off the weekend with strong momentum, witnessing a 2.74% increase in overall market capitalization, which now stands at $2.75 trillion. Despite a cooling-off period in daily trading volumes, which dipped 14.82% to $76 billion, investor sentiment remains cautious, as reflected in the Fear & Greed Index, which holds steady at 22.

Bitcoin price continues to hold firm above the $84,000 mark, posting a 24-hour gain of 2.96%. Despite a 3.79% drop in trading volume, currently at $28.4 billion, Bitcoin’s dominance remains unshaken. The top cryptocurrency’s market cap stands at $1.67 trillion, with price fluctuations ranging between $81,771 and $85,263 over the same period.

Ethereum has also posted modest gains, climbing 1.91% in the past day. Meanwhile, XRP has impressed with a 6.37% rise, reflecting renewed investor interest. However, the standout performer among the major altcoins is Solana, surging 7.09% and emerging as the best-performing large-cap asset of the day. This rally has positioned Solana as one of the most promising cryptocurrencies in the current market scenario.

Looking at the broader altcoin market, HYPE leads the top 100 cryptocurrencies with a massive 12.08% spike, followed by ATOM with a 10.92% gain and KAS with a 9.72% increase. On the downside, PI recorded the sharpest decline, losing 15.08%, while TIA and TRX experienced minor losses of 1.54% and 1.47%, respectively.

The ongoing bullish sentiment is an encouraging sign for traders and investors alike, as Bitcoin maintains its stronghold above $84K and altcoins continue to flash green. With market conditions evolving rapidly, keeping a close eye on price action and upcoming developments remains crucial. Stay tuned for more daily updates on the ever-changing world of cryptocurrencies.