Crypto Market Witnesses Continuous Decline as Fear Dominates Sentiment

The worldwide crypto landscape is going through a persistent downturn. Hence, the cumulative crypto market capitalization is 0.90% down at $2.27T. In addition to this, the 24-hour crypto volume has dipped by 10.68% to reach $102.57B. Concurrently, the Crypto Fear & Greed Index sits at 8 points, indicating “Extreme Fear” among the market participants.

Bitcoin ($BTC) Incurs 1.34% Dip and Ethereum ($ETH) Sees 1.48% Drop

Particularly, the leading crypto asset, Bitcoin ($BTC), is trading at $66203.72. This suggests a 1.34% decrease in $BTC’s price while its market dominance stands at 58.3%. Additionally, the top altcoin, Ethereum ($ETH), is now changing hands at $1,937.80, indicating a 1.48% drop. In the meantime, the market dominance of $ETH accounts for 10.3%.

$BPX, $PF, and $D Lead Crypto Gainers of Day

Apart from that, the list of today’s prominent crypto gainers includes Black Phoenix ($BPX), Purple Frog ($PF), and D ($D). Specifically, $BPX has jumped by a staggering 3539.74%, hitting the $0.1443 mark. Subsequently, $PF’s current price is $0.0004489, denoting a 1957.29% increase. Following that, $D has climbed by 684.48%, touching the $0.00004028 spot.

DeFi TVL Plunges by 0.41% While NFT Sales Volume Records 162.20% Surge

Simultaneously, the DeFi sector has seen a 0.41% slump, attaining the $95.026B figure. Additionally, the top DeFi platform in the case of TVL, Aave, shows a 0.30% plunge while standing at $27.303B. Nonetheless, when it comes to 1-day TVL change, CurrentX is the leading player in the DeFi market, claiming a stunning 50104301855% increase over the past twenty-four hours.

In the same vein, the NFT sales volume is 162.20% up at $17,857,322. Similarly, the top-selling NFT collection, Flying Tulip PUT, has recorded a 1038.69% spike to reach $11,824,027.

Binance Refutes Claims of BitMEX Transfers and LSEG Intends to Unveil Digital Securities Depository

Concurrently, the crypto industry has also seen several other noteworthy developments over 24 hours. In this respect, Changpeng Zhao, the Binance founder, has denied the claims of carrying out transfers on BitMEX. Moreover, London Stock Exchange Group (LSEG) is planning to launch a Digital Securities Depository in 2026. Furthermore, Saudi Arabia has opened the real estate industry of Mecca to the worldwide investors.

Source: https://blockchainreporter.net/crypto-market-witnesses-continuous-decline-as-fear-dominates-sentiment/