- Altcoins lead with strong gains while Bitcoin dips slightly near $110,699 level.
- Fear & Greed Index hits 78, signaling extreme greed amid $3.68T market cap.
- Security breach hits Cetus Protocol, causing sharp 19.53% price decline.
The crypto market entered Friday with mixed signals. According to CryptoRan data, while Bitcoin continues to hover near the $110,699 mark, posting a slight dip of 0.19%, several altcoins are staging an impressive rally. Ethereum, the second-largest crypto by market cap, climbed 1.32% over the past 24 hours, reaching $2,661.
The market’s bullish undertone is reflected in the Fear & Greed Index, which surged to 78, indicating extreme greed. Meanwhile, overall market capitalization stands at $3.68 trillion, with daily liquidations crossing $273 million.
Top Performers Steal the Spotlight
The altcoin space is heating up. Worldcoin (WLD), Dogwifhat (WIF), and Zcash (ZEC) are leading the charge. WLD surged 22.94% in the last 24 hours, now priced at $1.56. Its market cap has soared to over $2.36 billion, backed by $1.34 billion in daily trading volume.
WIF also saw strong momentum, climbing 9.23% to $1.25, driven by increasing community support and robust liquidity. Zcash, a privacy-focused token, posted a 10.79% gain to reach $47.95, riding on renewed interest in privacy-oriented solutions.
Besides these, small-cap tokens are seeing outsized gains. Levana Protocol (LVN) jumped 276.7%, currently trading at $0.009532. Labubu added 105.8%, while Covalent X Token (CXT) surged 76% to $0.05197. Italian Brainrot (ITALIANROT) and Guild of Guardians (GOG) also impressed, gaining 59.5% and 58% respectively.
Decliners Face Sharp Pullbacks
However, not all assets enjoyed the rally. Frax (FRAX) dropped 9.06% to $3.22, despite a weekly gain of over 8%. Cetus Protocol (CETUS) declined sharply by 19.53% following a major exploit. The DEX on Sui lost approximately $223 million in a reported security breach. CETUS now trades at $0.1726, reflecting investor caution.
MetaCene (MAK) also fell by 16.39% to $0.007092, even though it recorded a weekly rise of 36.61%. With increasing volatility, investors appear to be rotating capital into more stable or promising assets.
Global Developments Support Market Optimism
Outside of token performance, major news continues to shape market sentiment. Kraken has launched tokenized stock trading on the Solana blockchain, aiming to bridge traditional finance with crypto. Meanwhile, FIFA’s new partnership with Avalanche hints at a custom blockchain ecosystem dedicated to global sports and fan engagement.
