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Market Snapshot: Bitcoin Gains Ground as Altcoins Face Pullback
The global cryptocurrency coin market cap has climbed to approximately $3.1 trillion, marking a modest 1% increase over the past day. While major assets demonstrate resilience, several mid-cap tokens are experiencing profit-taking pressure.
Bitcoin (BTC) continues its upward momentum, advancing 1.64% to touch $92.84K, maintaining its role as market anchor. Ethereum (ETH) follows suit with a 0.51% appreciation, now trading near $3.15K, though at a gentler pace than its larger peer.
On the altcoin front, the picture turns mixed. MYX Finance (MYX) corrects sharply by 16.41%, currently valued at $4.91. BEAT (Audiera) drops 7.02% to $0.73, while NIGHT (Midnight) slides 7.20% to $0.08. These movements suggest profit-taking after previous rallies across smaller-cap assets.
The Fear & Greed Index has warmed slightly to 25 from 20, indicating that market panic is gradually easing despite the recent pullback in altcoins. The reading reflects a market catching its breath rather than showing panic-driven selling—a healthier dynamic as traders reassess positions in this volatile coin market cap environment.