Crypto Landscape Slides Amid Fear-Driven Investor Sentiment

The crypto market has experienced a considerable downturn over the past 24 hours, with the top assets turning red. Thus, the cumulative crypto market capitalization has touched $2.93T, showing a 4.28% rise. However, the 24-hour crypto volume has jumped by 22.59%, reaching $118.2B.

At the same time, the Crypto Fear & Greed Index stands at 21 points, presenting “Fear” among the investors. Keeping this in view, the overall outlook of the crypto sector reportedly appears bearish while traders speculate a likely shift as the year is nearing its conclusion.

Bitcoin Dips by 3.90% and Ethereum Witnesses 6.37% Decrease

Particularly, the leading cryptocurrency, Bitcoin ($BTC), is changing hands at $86,080.15. This indicates a 3.90% dip while $BTC’s market dominance accounts for 58.6%. In addition to this, Ethereum ($ETH) is hovering around $2,919.86, presenting a 6.37% decrease. In the meantime, the market dominance of Ethereum sits at 12.0%

$MEC, $DOGS, and $TURBO Dominate Crypto Gainers of Day

Simultaneously, the list of top crypto gainers of the day includes Mellion Coin ($MEC), HARRIS DOGS ($DOGS), and Turbo Trump ($TURBO). Hence, $MEC has jumped by a staggering 539.41% to reach $19.32 in terms of price. Following that, $DOGS’s price is $0.02384 after a 496.65% spike. Subsequently, $TURBO’s 490.82% increase has placed its price at $0.02376.

DeFi TVL Drops by 2.92% While NFT Sales Volume Experiences 32.27% Increase

Apart from that, the DeFi TVL has plunged by 2.92%, touching $118.135B. Additionally, the top DeFi project, Aave, has hit $32.526B. Nevertheless, in the case of 1-day TVL change, zkBoost claims the top spot in the DeFi sector, accounting for a stunning 152531% rise over the past twenty-four hours.

Along with that, the NFT sales volume has climbed by 32.27%, reaching $11,639,547. Concurrently, the top-selling NFT collection, $ORDI+ BRC-20 NFTs, claims $741,323.

MetaMask Offers Support for Bitcoin and Strive Allocates $500M Offering to Accelerate $BTC Buyouts

Moving on, the crypto sector has also gone through several other noteworthy developments. In this respect, MetaMask has added support for Bitcoin while planning additional blockchain integrations. Moreover, Ripple has announced the multichain launch of its flagship $RLUSD stablecoin with a new pilot project. Strive has allocated $500M offering to broaden $BTC buyouts.