Crypto Market Cap Falls as Bitcoin Holds Near $96K; Altcoins Display Mixed Signals

The cryptocurrency market saw fluctuating performance today, with Bitcoin leading the charge and altcoins displaying a mix of gains and losses. While Bitcoin gained 2% in the past week but struggles to break above the $100,000 mark, most altcoins traded lower, experiencing notable dips. For example, XRP dropped 1.22%, while Ethereum and Binance Coin decreased by nearly half a percent. However, assets like Pengu (launched through the Pudgy Penguin NFT project) surged by 10% over the past 24 hours. analysts attribute this to expanding DeFi applications and growing institutional investments in Bitcoin. Meanwhile, the market cap of the crypto world dipped back below $3 trillion, reaching a low of $2.99 trillion after briefly exceeding it yesterday.