There have been active times in the cryptocurrency market in the last 24 hours. Although there are relatively minor fluctuations in price and market cap among the top 10 cryptocurrencies, the overall risk perception still seems to prevail. Especially Bitcoin (BTC) 
$86,989.86still dominates the market; But investors may be eyeing altcoins.
Bitcoin Declines Again
Bitcoin price has fallen by approximately 2.4% in the last 24 hours, pushing the price to approximately $89,725.
Bitcoin’s market cap is currently seen at around $1.79 trillion; This shows that the total market value of BTC decreased by 2.53%. On the other hand, market dominance is approximately 58.65%.
However, the loss of value in the last 24 hours may be a reflection of the risk aversion in stocks and traditional markets on crypto.
The general trend in the top 10 is downward
There appears to be a general downward movement among the 10 largest cryptocurrencies in 24 hours. For example; ETH, the second largest cryptocurrency in terms of market value, fell by 3.8% in the last 24 hours, while XRP fell by 1.78%, BNB by 2%, SOL by 3.9% and DOGE by 4.9%.
In addition, the value of the total cryptocurrency market decreased to approximately 3.04 trillion dollars; This means a -2.6% decrease compared to the previous day. While most altcoins are making cautious price movements in this environment, investor interest is still predominantly shifting to Bitcoin.
However, this could also be a counter signal to a potential altcoin season: The market is looking for stability while risk appetite is low, which could mean altcoins remain in the shadows in the short term.
What Could Happen in the Short Term?
Bitcoin is still the center of the crypto market, but the last 24-hour decline may be bringing with it concerns. The decrease in total market capitalization and volume indicates that investors are being cautious. Major altcoins in the top 10 were not shaken much; This indicates that there is a tendency to take a cautious position rather than “escape from panic”.
If this situation in the market continues, it is likely that volatility will dominate in the short term and Bitcoin-focused strategies will continue. On the other hand, if there is regulation, macroeconomic risks or corporate acquisition news, this balance may change rapidly.
