The crypto has again witnessed a considerable dip over the past 24 hours. Thus, the total crypto market capitalization has hit $3T after a 0.84% drop. In addition to this, the 24-hour crypto volume has also decreased by 10.83%, reaching $136.76B. Concurrently, the Crypto Fear & Greed Index has touched 15 points, showing “Extreme Fear” prevailed in the market. However, the market onlookers predict a rebound after this likely provisional pullback.
Bitcoin Drops by 0.96% while Ethereum Jumps by 0.20%
Particularly, the leading cryptocurrency, Bitcoin ($BTC), has slipped by 0.96%. As a result of this, it is now trading at $87,368.87. In addition to this, the market dominance of Bitcoin currently accounts for 58.0%. Contrarily, Ethereum ($ETH) is changing hands at $2,936.28, underscoring a 0.20% increase in price. In the meantime, the market dominance of the flagship altcoin stands at 11.8%.
$AXOME, $BEER, and $FELIS Lead Crypto Gainers of Day
Apart from that, today’s leading crypto gamers take into account Felis ($FELIS), Axoloti Token ($AXOME), and Beers ($BEER). Specifically, $FELIS has risen by a stunning 2525.29% to hit $0.0000005371. Following that, $AXOME’s 993.45% increase has placed its price at $0.002725. Subsequently, after a 462.63% jump, $BEER presents a 462.63% surge.
DeFi TVL Sees 0.20% Plunge and NFT Sales Volume Slips by 12.43%
The DeFi TVL has dropped by 0.20%, claiming the $117.739B mark. Nonetheless, the top DeFi project in terms of TVL, Aave, has witnessed a slight 0.56% rise, touching $31.661B. At the same time, the pSTAKE Finance sits at the top position when it comes to 1-day TVL change, with a staggering 36819682% increase over the past twenty-four hours.
On the other hand, the NFT sales volume accounts for $9,999,394 after a notable 12.43% decrease. Even then, the top-selling NFT collection, DMarket, has spiked by 24.63%, attaining the $1,174,715 spot.
Kevin Hassett Becomes Top choice to Chair Fed, Monad Sees Fake Transfers Following Mainnet Launch
Moving on, the crypto industry has also gone through many other developments across the globe. In this respect, Kevin Hassett, the crypto proponent adviser to the U.S. President Donald Trump, has become the top pick to lead the U.S. Federal Reserve (Fed) after replacing Jerome Powell.
Moreover, the L1 blockchain Monad has recently witnessed false token transactions following its mainnet launch. Furthermore, Robinhood, a popular U.S. trading entity, has signed a deal to purchase LedgerX to expand its prediction market. Overall, while banks are tightening regulatory scrutiny and liquidity, the crypto sector is facing more headwinds.
Source: https://blockchainreporter.net/crypto-market-turns-bearish-amid-extreme-fear/
