The crypto landscape is still going through a huge selling pressure. Hence, the total crypto market capitalization has dipped by 1.67%, reaching $2.37T. In addition to this, the 24-hour crypto volume is 36.04% down at $134.43B. At the same time, the Crypto Fear & Greed Index is considerably down in the “Extreme Fear” zone while accounting for just 8 points.
Bitcoin ($BTC) Drops by 2.27% and Ethereum ($ETH) Records 0.44% Price Dip
Particularly, the leading crypto asset, Bitcoin ($BTC), is now trading at $89,303.85 with a 2.27% dip in its price. Additionally, its market dominance is sitting at 58.4%. Along with that, the flagship altcoin, Ethereum ($ETH), is changing hands at $2,084.21, indicating a 0.44% decrease in price. In the meantime, $ETH’s market dominance is 10.6%.
$TRUMP, $TSLA, and $GROK Lead Today’s Top Crypto Gainers
Apart from that, the leading among today’s crypto gainers are PEPE ($TRUMP), Tesla ($TSLA), and SORA GROK ($GROK). Specifically, $TRUMP is 1061.79% up at $0.0001777. Subsequently, $TSLA has jumped by 422.91% to reach the $35.52 mark in terms of price. Following that, $GROK enjoys a 601.99% increase, with its price standing at $0.01556.
DeFi TVL Surges by 1.49% and NFT Sales Volume Sees 0.62% Rise
Simultaneously, the DeFi TVL shows a 1.49% increase, hitting the $98.318B spot. In addition to this, the top DeFi project in the case of TVL, Aave, has risen by 1.28%, touching $28.182B. Additionally, when it comes to 1-day TVL change, Prism DEX is the top DeFi player, claiming a huge 601% surge over the past twenty-four hours.
Moving on, the NFT sales volume displays a 0.62% spike at $7,254,225. Similarly, the top-selling NFT collection, Flying Tulip PUT, has witnessed a 76.23% increase to attain the $1,429,607 figure.
CFTC Approves Stablecoin Collateral, Vietnam Plans Crypto Transfer Tax
Concurrently, the crypto industry has also experienced many other crucial developments. In this respect, the U.S. Commodity Futures Trading Commission (CFTC) has broadened its digital asset collateral agenda, enabling the use of federally-chartered trust bank-issued stablecoins as margin for derivatives trading.
Moreover, TRM Labs has hit $1B in valuation following a Series C fundraising round of $70M. Furthermore, Vietnam is looking for a 0.1% taxation on crypto transfers.
Source: https://blockchainreporter.net/crypto-market-struggles-as-extreme-fear-hits-bitcoin-and-ethereum/
