Crypto Market Witnesses Steady Performance Amid Extreme Fear

The crypto landscape is going through turbulent waters with mixed performance. Thus, the total crypto market capitalization has hit $2.94T, after a slight 0.75% rise. Additionally, the 24-hour crypto volume has jumped by 26.01% to reach $152.66B. At the same time, the Crypto Fear & Greed Index shows “Extreme Fear” at 16 points.

Bitcoin Surges by 1.38% While Ethereum Sees 0.43% Dip

Specifically, the flagship cryptocurrency, Bitcoin ($BTC), has witnessed a 1.38% increase over the past 24 hours. As a result, its price has touched $86,984.41 while its market dominance stands at 58.9%. In addition to this, Ethereum ($ETH) is changing hands at $2,804.69, presenting a 0.43% decrease. In the meantime, the market dominance of the leading altcoin accounts for 11.5%.

$GROK, $PEOPLE, and $TRUMP Dominate Daily Crypto Gainers

Simultaneously, the top crypto gainers of the day include SORA GROK ($GROK), MAGA ($PEOPLE), and PEPE ($TRUMP). Particularly, $GROK has surged by a staggering 538.50%, hitting $0.02799 in terms of price. Subsequently, $PEOPLE has reached $0.001088 led by a 499.35% rise. Following that, $TRUMP is now hovering around $0.000001184 after a 489.73% spike.

DeFi TVL Records 2.93% Slump and NFT Sales Volume Records 33.12% Correction

Apart from that, the DeFi TVL has dipped by 2.93%, attaining the $114.666B mark. Nonetheless, the top DeFi project in terms of TVL, Aave, has seen a 1.12% increase, reaching $31.214B. Contrarily, when it comes to 1-day TVL change, Brise Swap is the leading DeFi project, claiming a stunning 2688590565669446656% over the past twenty-four hours.

On the other hand, the NFT sales volume has recorded a 33.12% plunge, touching $9,707,865. Along with that, the top-selling NFT collection, DMarket, has dropped by 5.26% to reach $1,124,299.

Strategy Builds $1.44B Reserve, Bank of America Pushes ETF Crypto Guidance

Concurrently, the crypto industry has also gone through many other notable developments over 24 hours. In this respect, Strategy has formed an official USD reserve of $1.44B. Moreover, Bank of America has shared unique Bitcoin ETF allocation guidance to drive crypto integration into mainstream finance. Furthermore, Coinbase is rebalancing COIN50 Index with the inclusion of 6 unique crypto assets, including Immutable X, Sei, Flare, VeChain, Mantle, and Hedera.