Crypto Market Dips as Fear Index Stays Low and Bitcoin Falls

The crypto market is going through a turbulent phase as the top assets have turned red amid the “bull vs bear” skirmish. Hence, the total crypto market capitalization has hit $2.37T after a 0.37% decrease.

In addition to this, the 24-hour crypto volume presents a 11.42% dip, reaching $98.42B. At the same time, the Crypto Fear & Greed Index remains down at 26 points, showing “Fear” among the emarket participants amid continuous endeavors for optimising portfolios.

Bitcoin ($BTC) Drops by 0.93% and Ethereum ($ETH) Sees 0.60% Dip

Specifically, the flagship crypto asset, Bitcoin ($BTC), is currently changing hands at $69,349.58. This price level indicates a 0.93% decrease over the past 24 hours, while Bitcoin’s market dominance accounts for 58.6%.

Additionally, the leading altcoin, Ethereum ($ETH), is now trading at $2.023.79, highlighting a 0.60% dip. In the meantime, the market dominance of $ETH sits at 10.3%.

$IDNG, $MUSTAAAAAARD, and $DOGS Dominate Crypto Gainers of Day

Apart from that, the list of today’s key crypto gainers includes IDNGold ($IDNG), Mustard ($MUSTAAAAAARD), and HARRIS DOGS ($DOGS). Particularly, $IDNG has surged by a staggering 1217.54% to reach $99.26 in price.

Following that, $MUSTAAAAAARD is hovering around $0.0006078 after a 1027.04% increase. Subsequently, a 539.31% rise has placed $DOGS’ price at $0.1009.

DeFi TVL Slumps by 1.04% and NFT Sales Volume Records 64.79% Decrease

Simultaneously, the DeFi TVL has dipped by 1.04%, touching the $93.907B mark. Additionally, the top DeFi project in terms of TVL, Aave, stands at $25.053B after a 7.97% slump. However, when it comes to 1-day TVL change, Everclear is the leading name in the market, accounting for a stunning 2477% spike over the past 24 hours.

On the other hand, the NFT sales volume has witnessed a 14.12% slump to reach $5,136,739. In the same vein, the top-selling NFT collection, Flying Tulip PUT, is 64.79% down, claiming the $353,308 spot.

Kalshi Files Lawsuit Against State Regulators and Kraken Lists $PI Coin

Concurrently, the crypto industry has also seen many other key developments across the globe over 24 hours. In this respect, Kalshi, a famous prediction market, has sued the US state of Iowa’s regulators over the potential risk of likely looming enforcement action regarding sports event contracts.

Moreover, Ava Las and Mastercard are joining forces to streamline settlement processes across borders. Furthermore, Kraken has confirmed the listing of the $PI coin to start trading on March 13.