Bitcoin and Ethereum experienced notable declines over the past 24 hours, with Bitcoin dropping 2.4% and Ethereum falling 3.3%. This downturn coincided with a slight dip in the fear and greed index, reflecting cautious market sentiment.
In contrast, several altcoins saw significant gains. Swarm Network and Bitlight surged by 88.1% and 43.3%, respectively, outperforming major cryptocurrencies. Meanwhile, XRP, BNB, and Solana also faced declines, dropping 3.4%, 2.3%, and 5.7%. Smaller tokens recorded gains between 20-40%, underscoring a shift in momentum towards altcoins amid mixed news surrounding Ethereum.
Bitcoin and Ethereum Decline as Altcoins Surge in Market Shift
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