Crypto Market Hits $2.97T as Bitcoin Gains Dominance While Altcoins See Mixed Trends

As March started, the crypto sector witnessed steady growth. As per CryptoRank’s data, diverse well-known crypto assets have seen mixed sentiment, while the overall crypto market cap has reached $2.97T after a 0.17% increase. Additionally, the spot volume has experienced a 7.85% dip over the past 24 hours.

In line with the market data, Bitcoin ($BTC) has recorded slight growth both in its price and market dominance. However, Ethereum’s price and market dominance show a decline. CryptoRank has shared this report through its official X account.

Bitcoin’s Market Dominance Increases to 57.28% while Price Reaches $85,857

CryptoRank’s latest crypto market overview discloses a 0.02% spike in Bitcoin’s market dominance. This rise has placed the respective figure at 57.28%. In addition to this, the price of Bitcoin has seen a 0.19% jump to attain the $85,857 mark over the last 24 hours. On the other hand, Ethereum’s market dominance has reached 9.04 following a 1.30% decrease. Apart from that, its price currently stands at $2,228 after a 1.14% plunge.

$XRP, $BNB, and $ADA Maintain Growth Whereas $SOL, $TRX Record Decline

Concurrently, the popular crypto assets like $XRP, $BNB, $SOL, $ADA, and $TRX have observed mixed market performance. $XRP has gained a notable upsurge of 3.55%, reaching $2.27 in terms of price. The price of $BNB has surged by 2.41% to touch the $609.26 mark while $SOL has dipped by 1.42% to reach $142.86. Along with that, $ADA’s price has gone through a 1.83% increase whereas $TRX has touched $0.233 after a 0.80% plunge. Moreover, the memecoins $DOGE and $SHIB recorded 0.29% and 2.52% price decreases.

$PSTAKE and $KAITO Lead Crypto Gainers with 43.8% and 14.3% Increases

The small-cap crypto gainers over the recent 24 hours include $PSTAKE, $DORA, $FORT, AURORA, and GHX. They have experienced 43.8%, 40.7%, 40.5%, 31.6%, and 24.5% price spikes respectively. Simultaneously, large-cap crypto gainers include $KAITO, $XLM, $HBAR, $GRASS, and $MKR. These crypto assets pocketed 14.3%, 9.22%, 8.24%, 7.09%, and 6.45% gains respectively.

FanTV, Figure, and Finisterra Labs Attain $8.5M, $200M, and $3.75M in Latest Funding Rounds

CryptoRank’s data also reveals the prominent funding rounds, taking into account FanTV, Figure, and Finisterra Labs. Particularly, FanTV obtained $8.5M while Figure and Finisterra Labs added $200M and $3.75M respectively. Nonetheless, the overall Fear and Greed Index stands at 26 indicating a slight “Fear.” Overall, the crypto market is making a gradual growth amid the mixed sentiment.