Crypto Market Cap Drops 3.82% to $2.75 Trillion

TLT Market Desk — The total cryptocurrency market capitalization decreased by 3.82% over the past 24 hours, falling to $2.75 trillion. This downturn affected most major cryptocurrencies, reflecting a broader market correction.

Bitcoin's price dipped by 1.23% to $81,241, while Ethereum saw a more modest decline of 0.41%, settling at $2,425.95. Despite the downturn, Bitcoin's dominance remained strong at approximately 59.3%, underscoring its continued influence on market trends.

Celestia (TIA) emerged as the top gainer, rising by 14.61% amid broader market weakness. Injective (INJ) also performed well, surging 11.63% to reach a one-year high. Filecoin (FIL) gained 8.61%, with analysts attributing the rise to increased whale demand.

Starknet (STRK) was the biggest loser, with its price plummeting by 22.82%. This significant drop is likely due to a combination of broader market conditions and a recent sell-off, despite positive project developments. Pyth Network (PYTH) and Akedo (AKE) also experienced notable declines of 10.28% and 9.78%, respectively.

The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Greed' territory at 63, indicating a cautious but not overly pessimistic outlook. This sentiment contrasts with the market's downward movement, suggesting potential for volatility.

In other news, Near Protocol's expansion into the Solana ecosystem has driven notable price gains, according to Crypto Economy. Additionally, Filecoin's recent price increase has been linked to rising whale demand, as reported by AMBCrypto. These developments highlight the continued influence of ecosystem expansions and investor behavior on individual asset performance.