Crypto Market Experiences Downturn Amid Weakening Investor Sentiment

The crypto landscape is experiencing a decline, based on the latest 24-hour data. Hence, the total crypto market capitalization has reached $2.42T, representing a 2.48% decrease. However, the 24-hour crypto volume has surged by 76.12%, hitting $113.54B. At the same time, the Crypto Fear & Greed Index stands at 31 points, highlighting “Fear” among the market participants.

Bitcoin ($BTC) Drops by 4.87%, and Ethereum ($ETH) Sees 6.24% Decrease

The leading crypto asset, Bitcoin ($BTC), is currently changing hands at $66,973.64. This price level indicates a 4.87% dip, while Bitcoin’s ($BTC) market dominance is 58.4%. In addition to this, the top altcoin, Ethereum ($ETH), is now trading at $1,863.30, presenting a 6.24% decrease. In the meantime, the market dominance of Ethereum ($ETH) sits at 9.9%.

$SLX, $TSLA, and $TRUMP Lead Crypto Gainers of Day

The list of today’s leading crypto gainers includes SLIMEX ($SLX), Tesla ($TSLA), and PEPE TRUMP ($TRUMP). Specifically, $SLX has jumped by 4597.04%, reaching $0.06299. Following that, a 423.98% increase has placed $TSLA’s price at $57.04. Subsequently, $TRUMP is now hovering around $0.0000001825 after a 422.75% rise.

DeFi TVL Slumps by 4.58%, While NFT Sales Volume Surges by 12.94%

The decentralized finance (DeFi) TVL has plunged by 4.58%, reaching $75.623B. Additionally, the leading DeFi project in terms of TVL, Lido, has slumped by 7.69%, touching $16.397B. Nonetheless, when it comes to 1-day TVL change, zkFox enjoys the leading position in the DeFi sector, accounting for a stunning 8291316% increase.

Similarly, the NFT sales volume has jumped by a notable 12.94%, claiming the $12,376,572 mark. Additionally, the top-selling NFT collection, $X@AI BRC-20 NFTs, is nearly 6435.55% up at $4,766,856.

UK FCA Warns Football Clubs on Crypto Sponsors, Mastercard Expands Stablecoin Settlement Hu

The crypto landscape has also witnessed many other critical developments across the globe over the past 24 hours. In this respect, the UK FCA has issued a warning to football clubs about money laundering and legal risks posed by unapproved crypto sponsors.

Moreover, US policymakers, including Warren and Sanders, have opposed the Labor Department’s endeavors to permit crypto assets in 401(k) retirement plans, cautioning that it could pose risks to the savings of Americans. Furthermore, Mastercard is broadening its on-chain settlement ecosystem for stablecoins in collaboration with top fintech and crypto entities.