The worldwide crypto market is facing a sheer downtrend, with massive asset prices showing considerable losses. Hence, the cumulative crypto market capitalization has dropped by 6.02%, hitting $2.66T. However, the 24-hour crypto volume has surged by 36.55% to reach $189.14B. At the same time, the Crypto Fear & Greed Index has slumped into “Extreme Fear” territory while standing at 18 points.
Bitcoin Drops by 4.24% and Ethereum Sees 8.91% Slump
Specifically, the top crypto asset, Bitcoin ($BTC), is changing hands at $75,349.71. This price level indicates a 4.24% decrease over the past 24 hours, while $BTC’s market dominance is 59.1%. Additionally, the flagship altcoin, Ethereum ($ETH), is trading at $2,217.90, displaying an 8.91% slump. In the meantime, $ETH has a market dominance of up to 11.0%.
$TRUMP, $HBTC, and $TURBO Lead Crypto Gainers of Day
Apart from that, PEPE ($TRUMP), Hold BTC ($HBTC), and Turbo Trump ($TURBO) have taken the leading positions among the top crypto gainers of the day. Particularly, $TRUMP is 12.14.70% up, with its price reaching $0.0002945. Subsequently, a 926.34% increase has placed $HBTC’s price at $0.000004415. Following that, $TURBO is now hovering around $0.004314 after a 481.31% jump.
DeFi TVL Records 4.15% Decrease While NFT Sales Volume Climbs by 41.24%
Simultaneously, the DeFi TVL has dropped by 4.15%, attaining the $104.518B mark. Additionally, the top DeFi project, Aave, has slumped by 2.66%, touching the $29.305B spot. However, in the case of 1-day TVL change, VanillaSwap is the dominant DeFi project, accounting for a stunning 706% rise over the past twenty-four hours.
Along with that, the NFT sales volume has spiked by 41.24% to touch $9,468,794. Similarly, the top-selling NFT collection, Flying Tulip PUT, has experienced a 1839.41% increase, reaching $3,232,814.
CrossCurve Faces $3M Loss Because of Smart Contract Vulnerability, Jupiter Unveils Polymarket via Solana
Concurrently, the crypto landscape has also gone through some other influential developments across the globe over 24 hours. In this respect, CrossCurve, a DeFi protocol, has incurred a staggering $3M loss because of a smart contract vulnerability.
Moreover, Jupiter, a DeFi liquidity aggregation platform, has unveiled Polymarket, a worldwide crypto hub, on Solana. Furthermore, Nevada’s court has granted a provisional restraining order, stopping Polymarket from providing event contracts.
Source: https://blockchainreporter.net/crypto-market-enters-extreme-fear-zone-with-sheer-market-cap-dip-and-price-plunges/
