Bitcoin (BTC) Price Stays Stable at $69,465.88, with Dominance Inching up to 58.94%

Cardano shines with a 4.49% rise, while Ethereum and Solana see minor declines Raydium (RAY) leads top 100 gainers with a 15.81% surge

The cryptocurrency market is experiencing a minor decline on Wednesday, with the global market capitalization dropping 0.09% to $2.33 trillion. Trading volume has also decreased by 4.87% to $88.31 billion, indicating a cautious approach among investors.

Meanwhile, the Fear & Greed Index remains stalled at 57, putting the market mood in neutral territory as traders await clearer directional cues, especially in light of the upcoming elections.

Bitcoin Price Analysis (BTC)

Bitcoin’s price has remained relatively stable, showing a slight 0.09% decrease over the last day, currently trading at $69,465.88. BTC’s dominance has seen a marginal 0.10% increase, bringing it to 58.94%, maintaining its leading position in the market despite the lower trading activity.

Will Bitcoin keep pushing past the $72k mark? Check our Bitcoin Price Prediction!

Altcoin Market Analysis: Major Coins Clocking Mixed Fortunes

Starting with the leading altcoin, Ethereum is down 0.48% to $2,499.76. Solana has also seen a 0.90% price decrease with the coin now trading at $165.88. On the other hand, Cardano rose 0.49% to $0.3573, showing a bullish trend for ADA fans. Elsewhere, XRP dropped 0.66% to $0.5125.

For more insights on ETH’s future performance, don’t miss our Ethereum Price Prediction.

Top Gainers and Losers of the Day

Looking at the best performances today, we have Raydium leading the pack with a 15.81% gain, putting it at $3.61. Continuing its strong performance, Cardano is also among the top gainers with a 5.64% increase. Finally, Monero rounds out the gainers list, rising 4.04%.

On the other hand, Immutable fell 6.97%, while Optimism lost 6.44% of its value. Lastly, the Artificial Superintelligence Alliance also underperformed, falling 5.29%, highlighting the varying performance across different segments of the market.

As traders keep an eye on Bitcoin's stability and the unfolding altcoin trends, the neutral tone in the market seems to be indicating a wait-and-see approach, with BTC's dominance likely to play a key role in the upcoming sessions.

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