Crypto Market Cap Drops 5.44% to $2.84 Trillion

Token Times Market Desk — The total cryptocurrency market capitalization decreased by 5.44% over the past 24 hours, falling to $2.84 trillion as of the latest data snapshot.

Bitcoin's price dipped by 0.84% to $83,104, while Ethereum saw a slightly larger decline of 1.30%, settling at $2,579.24. Bitcoin's dominance remained strong at approximately 58.7%.

Among the biggest gainers, Pearl (PRL) led with a 25.11% increase, though the move appears to be in line with broader market trends without a specific catalyst. Raydium (RAY) rose by 13.95%, continuing its recent upward trajectory, but without a clear driver identified.

Sky (SKY) was the largest loser, dropping 7.30% as it followed the broader market trend. Midnight (NIGHT) and Derive (DRV) also declined, falling 6.63% and 5.52% respectively, with both movements attributed to overall market sentiment rather than specific news.

Market sentiment remains in 'Greed' territory with a score of 64 on the Fear & Greed Index, indicating a cautious but optimistic outlook among investors. Bitcoin's dominance at 58.7% suggests continued strength in the largest cryptocurrency.

In other news, Pendle has launched an RWA Insights Series with $2.4 billion in tokenized assets, while Grayscale has added BitGo to its custody setup for a new staking ETF. These developments, along with Google's AI prediction of Chainlink reaching $100, highlight ongoing institutional interest and speculative activity in the crypto space.