- Bitcoin dominance at 58.10% signals market caution amid rising altcoin divergence.
- Trump’s tariffs and BitMEX pardons fuel uncertainty in crypto regulatory outlook.
- Small-cap tokens like FIRE and X surge, defying the broader market’s bearish trend.
The cryptocurrency market is experiencing heightened volatility amid concerns over potential 20% or higher reciprocal tariffs from the Trump administration. These tariffs could impact over 25 countries, fueling uncertainty across global markets.
While the broader crypto market faces downward pressure, specific altcoins are bucking the trend with notable gains. According to CryptoRank data, Bitcoin dominance stands at 58.10%, reinforcing its stronghold in the market, while the Fear & Greed Index sits at 34, indicating fear-driven sentiment.
📉Market Overview
— CryptoRank.io (@CryptoRank_io) March 31, 2025
The market is reacting to upcoming reciprocal tariffs by the Trump administration, with 20%+ tariffs potentially being imposed on up to 25+ countries.
Over the past 24h, $IP, $ORCA, and $BERA have dropped by 7%, while $TON, $TRX, and $ZEC are rising against… pic.twitter.com/mnQBwomwmz
Top Gainers and Losers Amid Market Uncertainty
Over the last 24 hours, the market witnessed contrasting movements among major tokens. Story (IP) fell 8.85% to $4.90, while Orca (ORCA) declined 7.04% to $2.21. Berachain (BERA) also dropped 9.08%, now trading at $6.74. In contrast, Toncoin (TON) surged 1.55% to $3.92, TRON (TRX) edged up 0.32% to $0.2316, and Zcash (ZEC) recorded an impressive 4.66% rise to $38.00.
The market capitalization currently stands at $2.80 trillion, reflecting the mixed sentiment across digital assets. Although BTC continues to maintain a dominant position, select altcoins are outperforming despite broader bearish pressure.
Major Developments Impacting Market Sentiment
Several industry developments are influencing market sentiment. The FTX estate is set to begin creditor repayments for claims exceeding $50,000 on May 30, marking a crucial step in resolving bankruptcy proceedings.
Additionally, Trump has granted pardons to three former BitMEX executives, potentially reshaping regulatory scrutiny around crypto exchanges. Meanwhile, Marathon Digital Holdings plans to sell $2 billion in stock to acquire more Bitcoin, signaling strong institutional confidence in BTC.
These events contribute to the market’s evolving landscape, as investors closely monitor regulatory and institutional shifts that may impact future price movements.
Small-Cap Winners Defy Market Downturn
Despite broader market concerns, some small-cap tokens are recording significant gains. Fire (FIRE) surged 58.2% to $0.04404, while X (X) climbed 27.8% to $0.0001011. Broccoli (BROCCOLI) jumped 24.9% to $0.01186, and Solana Social Explorer (SSE) increased 23.4% to BTC 0.061316. KiloEx (KILO) also performed well, rising 22.4% to $0.1106.
