Crypto Market Records 6.55% Dip Amid Fear-Driven Sentiment

The crypto landscape is experiencing another dip amid the consistent bearish momentum. Thus, the total crypto market capitalization has dropped to $2.95T after a 6.55% decrease over the past 24 hours. However, the 24-hour crypto volume has witnessed a 14.68% rise, reaching $210.9B. At the same time, the Crypto Fear & Greed Index accounts for 11 points, showing “Extreme Fear.”

Bitcoin Slips by 7.02% and Ethereum Sees 7.08% Drop

Particularly, the leading crypto asset, Bitcoin ($BTC), is changing hands at $86,240.46. This denotes a 7.02% decline in the top cryptocurrency’s price while its market dominance stands at 58.2%. In addition to this, Ethereum ($ETH) has seen a 7.08% decrease, with its price reaching $2,827.80. In the meantime, the flagship altcoin’s market dominance is sitting at 11.5%.

$AXOME, $PAYAI, and $DOGEX Dominate Crypto Gainers

Apart from that, the prominent names among the top crypto gainers take into account Axoloti Token ($AXOME), PayAI Network ($PAYAI), and DOGEX ($DOGEX). Specifically, $AXOME has jumped by 4066.20%, with its price touching $0.0002970. Following that, after a 2326.99% rise, $PAYAI’s price is $0.01246. Subsequently, $DOGEX is trading at $0.0000001369, led by a 883.08% increase.

DeFi TVL Records 4.12% Decrease and NFT Sales Volume Plunges by 1.29%

Simultaneously, the DeFi TVL has plunged by 4.12%, claiming the $116.487B mark. Additionally, the top DeFi project in terms of TVL, Aave, has dipped by 3.31%, attaining the $30.824B spot. Nonetheless, in the case of 1-day TVL change, the top DeFi player is pSTAKE Finace, accounting for a staggering 34974507% spike over the past twenty-four hours.

Concurrently, the NFT sales volume has gone through a 1.29% decrease, claiming the $11,161,672 figure. However, the top-selling NFT collection, DMarket, has climbed by 2.06%, hitting $874,497.

UK Seizes $33M from Crypto Money Laundering Group, US Raises Reward to $15M for Information against Ryan Wedding

Along with that, the crypto industry has also experienced many other developments across the globe. In this respect, the UK National Crime Agency has officially exposed a big money laundering group that leverages crypto, seizing more than £25 million (nearly $33M).

Moreover, the US authorities have increased the amount of reward for information against Ryan Wedding, the former Olympian who now runs a huge drug trafficking network, from $10M to $15M. Furthermore, Kalshi has raised $1B in latest funding round amid the boom in prediction markets.