Crypto Market Drops as Fear Grows and Major Assets Decline

The crypto sector is experiencing another wave of downturn, as the exclusive 24-hour data discloses. Hence, the total crypto market capitalization has dropped by 2.53%, hitting the $2.29T mark. However, the 24-hour crypto volume presents a 4.26% rise, reaching $101.78B. At the same time, the Crypto Fear & Greed Index is currently standing at 27 points, indicating “Fear” among the market participants.

Bitcoin ($BTC) Drops by 2.72% and Ethereum ($ETH) Sees 3.18% Dip

The leading crypto asset, Bitcoin ($BTC), is now trading at $66,302.54. This price level indicates a 2.72% plunge in price, while the market dominance of $BTC accounts for 58.0%. In addition to this, the flagship altcoin, Ethereum $ETH), is currently changing hands at $2,040.48, signifying a 3.18% decrease. In the meantime, the market dominance of $ETH sits at 10.8%.

$TSLA, $BDAG, and $TRUMP Lead Crypto Gainers of Day

Apart from that, the dominant names among the crypto gainers of the day include Tesla ($TSLA), BlockDAG Network ($BDAG), and TRUMP MOG ($TRUMP). Particularly, $TSLA has jumped by a staggering 1029.57%, touching $11.20 in price. Following that, $BDAG’s 649.77% rise has placed its price at $0.02807. Subsequently, $TRUMP’s price is now hovering around 571.30% after a 545.86% increase.

DeFi TVL Plunges by 2.70%, While NFT Sales Volume Records 75.42% Surge

Simultaneously, the DeFi TVL has dropped by up to 2.70% to hit the $91.965B mark. Additionally, the top DeFi project, Aave, presents a 0.28% dip while sitting at $24.12B. Nonetheless, when it comes to 1-day TVL change, zkFox occupies the top position in the DeFi market, claiming a stunning 9453702% spike over the past twenty-four hours.

In the same vein, the NFT sales volume has also surged by 75.42% to touch the $10,449,786. Similarly, the top-selling NFT collection, $X@ai BRC-20 NFTs, has seen a 16092.48% jump, reaching $3,805,045.

Genius Group Repays $8.5M Debt, Australia Approves Crypto Policy for Regulated Digital Asset Market

Concurrently, the crypto industry has also gone through many other key developments over 24 hours. In this respect, the Bitcoin treasury of Genius Group has completely repaid the debt worth of $8.5M, closing a months-long liquidation. Moreover, Citadel is poised to unveil a big crypto bank. Furthermore, the Australian Parliament has approved a crucial crypto licensing policy to commence a new epoch of digital asset regulation.