Crypto Market Again Slips into ‘Fear’ Zone as Declining Prices Raise Caution

The crypto industry is witnessing another downward streak, as the latest 24-hour data confirms. Thus, the total crypto market capitalization has dropped by 2.89% to reach $3.65T. However, the 24-hour crypto volume has surged to $164.24B, indicating a 5.37% increase. At the same time, the Crypto Fear & Greed Index stands in the “Fear” territory while accounting for 33 points.

Bitcoin Dips by 2.85% and Ethereum Sees 5.04% Drop

Particularly, the flagship crypto asset, Bitcoin ($BTC), is changing hands at $107,624.58. This price level signifies a 2.85% decrease while its market dominance is 59.0%. In addition to this, Ethereum ($ETH) is trading at $3,856.34, presenting a 5.04% dip. Additionally, its market dominance accounts for 12.8%.

$AXOME, $TSLA, and $TURBO Lead Crypto Gainers

Apart from that, Axolotl Token ($AXOME), Tesla ($TSLA), and Turbo Trump ($TURBO) are the leading crypto gianers of the day. Specifically, $AXOME  has seen a staggering 3162.64% spike, reaching $0.001394 in price. Following that, $TSLA’s price has touched $18.57, presenting a 992.28% increase. Subsequently, after a 469.58% increase, $TURBO is now trading at $0.000001489.

DeFi TVL Slumps by 1.15% and NFT Sales Volume Records 2.20% Plunge

Simultaneously, the DeFi TVL has plunged by 1.15%, attaining the $150.345B mark. Additionally, the top DeFi project in terms of TVL, Aave, has gone through a 1.53% drop, reaching $39.044B. On the other hand, when it comes to 1-day TVL change, Factor leads the market, showing a 386458% jump over twenty-four hours.

Contrarily, after a 2.20% plunge, the NFT sales volume has claimed the $10,605,425 spot. Nonetheless, the top-selling NFT collection, DMarket, has recorded a 0.20% rise, touching $1,087,401.

Crypto Trader Faces Insider Claims, British Columbia Plans Crypto Mining Power Restrictions

Moving on, the crypto landscape has also experienced many notable developments over the 24 hours. In this respect, a crypto trader has reportedly become notorious after taking a stunning profit of $160M via shorting Bitcoin ($BTC) before the tariff announcement shared by the U.S. President Donald Trump.

Moreover, several false listings that pretend to provide trading via Pi Coin ($PI) are scamming unsuspecting traders on a decentralized exchange based on the Stellar network, raising concerns among the community members. Furthermore, British Columbia is reportedly planning to restrict exclusive crypto mining links to the Canadian province’s hydro power grid, while referring to massive electricity demand.