The CryptoRank platform shared the latest insights into the cryptocurrency market, highlighting the rise of Bitcoin to $91,000 and its reinforcing market dominance.
Bitcoin's Growth and Dominance
According to CryptoRank, Bitcoin maintains its dominant position with 56.02% of total cryptocurrency market capitalization. This dominance increased by 0.11%. The total cryptocurrency market cap has grown to $3.24 trillion, a 0.40% increase.
Current Market Changes
Among major assets, Ripple (XRP) and Cardano (ADA) have shown significant gains with XRP increasing by 6.87% and ADA rising by 6.60%. Meanwhile, Binance Coin (BNB) recorded a decline of 2.28%, while the rest of the market remained bullish.
Investor Sentiment on the Crypto Market
The market sentiment remains positive, as the Fear & Greed Index is at 83, in the 'Extreme Greed' territory. This indicates exceptional optimism among investors, with many expecting further market improvements.
The cryptocurrency market is largely driven by Bitcoin's growth and positive investor sentiment, which fuels increased interest and activity in the market.
