Altcoin Crash: Fear Drives Bitcoin Dominance Up

Crypto market values fell significantly, with the total market cap dropping 2.5% to $3.44 trillion. The cryptocurrency selloff was spearheaded by a decline in altcoins – Solana (-8.48%), XRP (-6.21%), and Cardano (-7.1%) were among the hardest hit. Meanwhile, Bitcoin dominance climbed to 59%, indicating a shift toward safety-seeking investors moving away from smaller-cap assets. The Fear & Greed Index stands at 27 (