Crypto Sector Faces Extreme Fear Amid Consistent Struggle for Rebound

The crypto landscape is witnessing a notable decline, with top assets attempting to make a comeback. Hence, the total crypto market capitalization has reached $3.42T after a 0.38% dip over the past 24 hours. However, the 24-hour crypto volume has seen a 6.23% rise, reaching $174.77B. At the same time, the Crypto Fear & Greed Index is in the extreme “Fear” zone while sitting at 21 points.

Bitcoin Slips 0.74% and Ethereum Sees 0.65% Slump

Particularly, the flagship crypto asset, Bitcoin ($BTC) is now changing hands at $102,397.75. This indicates a 0.74% decrease while the market dominance of the top cryptocurrency is hovering around 59.8%. In addition to this, Ethereum ($ETH) has seen a 0.65% decline in price, reaching $3,365.69. Concurrently, the market dominance of the leading altcoin is 11.9%.

$CATX, $PENGU, and $DOGS Lead Crypto Gainers

Simultaneously, CATX ($CATX), PENGU AI ($PENGU), and HARRIS DOGS ($DOGS) are the top among the prominent crypto gainers of the day. Specifically, $CATX has spiked by a staggering 4376.79% to reach $0.000007846. Subsequently, a 586.80% rise has placed $PENGU’s price at $0.0006432. Following that, $DOGS is now trading at $0.007086 after a 546.06% increase.

DeFi TVL Drops by 1.79% and NFT Sales Volume Records 12.92% Plunge

Apart from that, the DeFi TVL has dipped by 1.79%, attaining the $130.592B mark. Additionally, the leading DeFi project by TVL, Aave, has plunged by 1.49%, hitting the $31.664B mark. Nevertheless, when it comes to 1-day TVL change, Stablecomp leads the market, accounting for the stunning 820920057% increase over twenty-four hours.

On the other hand, the NFT sales volume has touched $11,638,259 led by a 12.92% decrease. Additionally, the top-selling NFT collection, DX Terminal, has slumped by 33.39%, claiming the $1,235,972 mark.

Bitwise Doge ETF Faces 20-Day Approval Window as South Korea Finds New AML Gaps in Crypto Crime

Moving on, the crypto sector has recorded many other notable developments over 24 hours. In this respect, the Dogecoin ETF filing of Bitwise is expected to get approval within twenty days after the removal of a delaying amendment.

Moreover, a crypto whale has extracted $114.9M in $USDT from Aave, raising utilization. Furthermore, the South Korean government’s fight against rising crypto crime has unveiled unique anti-money laundering (AML) challenges that the financial regulators are facing.