The cryptocurrency market is seeing profit-taking pressure leading to significant selling across major digital assets, with top altcoins experiencing notable losses in the last 24 hours.
Despite the downturn in altcoins, Bitcoin remains stable above $105,000, providing support to the overall market amid the selloff.
Market sentiment remains in the 'greed' zone, indicating overall confidence despite the profit-taking behavior from traders during this period of volatility.
While most altcoins are in the red, Tron (TRX) stands out with a gain, emphasizing the importance of diversification in crypto portfolios, and analysts are monitoring key technical support levels amidst the ongoing market correction.