The cryptocurrency market experienced a significant downturn over the last 24 hours, with major players like Bitcoin experiencing losses. The price of Bitcoin dropped 0.7%, falling to $104,663. This move was driven by a broader sell-off, as investors retreated from large-cap assets and favored alternative options. Ethereum also saw a decline of 0.4% reaching $2,615.46, mirroring Bitcoin’s downward trend. 20 of the 25 largest cryptocurrencies experienced losses during this time, including XRP which dropped by 1.7%, while other large-cap coins such as BNB and Dogecoin saw declines of 0.5% and 3.1% respectively. However, a counter-trend emerged with several altcoins experiencing explosive gains. Polymath surged over 299% during the day while LiquidLaunch gained 41.5%, leading the pack. Notably, The Arena, Railgun, and Launch Coin each saw significant gains of 33.4%, 30% , and 23.4% respectively in response to increased investor interest in these assets. This volatility highlights an ongoing shift within the market where some investors are seeking quick returns by moving towards smaller-cap assets.