The crypto market is facing a sheer downturn with the liquidation of notable capital going on across the key cryptocurrencies. In this respect, the cumulative crypto market capitalization has dropped by 2.14% to reach the $3.68T mark. On the other hand, the 24-hour crypto volume has witnessed an 11.91% rise, reaching $219.73B. Concurrently, the Crypto Fear & Greed Index stands at 28 points, displaying significant “Fear.”
Bitcoin Drops by 2.17% and Ethereum Sees 2.15% Dip
Particularly, the price of the leading crypto asset, Bitcoin ($BTC), is nearly $108,795.93. This price level indicates a 2.17% dip, while the market dominance of Bitcoin accounts for 58.9%. In addition to this, Ethereum ($ETH) is changing hands at $3,917.88, presenting a 2.15% decrease. Along with that, its market dominance is almost 12.8%.
$AXOME, $SNAKES, and $BPX Lead Daily Crypto Gainers
Simultaneously, the leading crypto gainers of the day include Axoloti Token ($AXOME), Blue Snakes ($SNAKES), and Black Phoenix ($BPX). Specifically, $AXOME has jumped by 3888.14% to reach $0.001393 in terms of price.
Following that, $SNAKES is trading at $0.002537, showing a 3378.45% increase. Subsequently, $BPX has also spiked by 1306.93% as its price has touched $2.81.
DeFi TVL Slumps by 1.58% and NFT Sales Volume Records 6.17% Decrease
Apart from that, the DeFi TVL has plunged by 1.58%, attaining the $151.787B mark. Additionally, the top DeFi project based on TVL, Aave, has witnessed a 2.22% drop, reaching $39.691B. Nevertheless, when it comes to 1-day TVL change, Surf Liquid occupies the top position, accounting for a stunning 499714% increase over twenty-four hours.
Contrarily, the NFT sales volume has dropped by 6.17%, claiming the $26,289,844 spot. Even then, the top-selling NFT collection, 45.com, has recorded a 2.99% rise, while sitting at $6,882,001.
Florida Eyes 10% Crypto Allocation, Ripple Unveils $1B XRP Funding Plan
Moving on, the crypto industry has also seen several developments over 24 hours. Hence, Florida policymakers have proposed the allocation of 10% of overall public funds for digital assets like Bitcoin ($BTC) with the House Bill 183.
Moreover, Ripple is planning a $1B funding to develop an $XRP accumulation mechanism to better cope with massive volatility. Furthermore, notorious hackers from North Korea are deploying blockchain-based instruments to broaden worldwide cyber campaigns.
