The crypto landscape is going through a turbulent phase as the latest 24-hour data indicates losses across the major coins. In this respect, the total crypto market capitalization has reached $3.83T following a 0.62% drop. However, the 24-hour crypto volume indicates an 11.76% increase, reaching the $259.43B mark. At the same time, the Crypto Fear & Greed Index has dipped into the “Fear” territory while accounting for 37 points.
Bitcoin Slips by 0.68% While Ethereum Sees Slight 0.02% Increase
Particularly, the leading cryptocurrency, Bitcoin ($BTC), is changing hands at $112,314.55, highlighting a 0.68% decrease. In addition to this, its market dominance is 58.5%. On the other hand, Ethereum ($ETH) has seen a minor 0.02% increase, claiming $4,103.99. Along with that, its market dominance is 13.0%.
$SDOGE, $MAGA, and $TRUMP Dominate Crypto Gainers of Day
Apart from that, SDOGE ($SDOGE), TRUMP MAGA ($MAGA), and PEPE ($TRUMP) are the leading among the top crypto gainers of the day. Specifically, $SDOGE has surged by 865.47%, reaching $0.000004997. Following that, $MAGA is hovering around $33.50, indicating a 615.19% increase. Subsequently, $TRUMP has jumped by 447.00%, while trading at $0.000001626.
DeFi TVL Plunges by 1.76% and NFT Sales Volume Drops by 15.57%
Contrarily, the DeFi TVL has slumped by 1.76%, attaining the $157.875B spot. Additionally, the top DeFi project in terms of TVL, Aave, has dropped by 0.33%, touching $41.209B. However, when it comes to 1-day TVL change, Stabil Finance dominates the market, claiming 3419% rise over twenty-four hours.
At the same time, the NFT sales volume has plunged by 15.57%, reaching $28,150,770. Contrarily, the top-selling NFT collection, 45.com, stands at $5,802,211, denoting a 48.38% decrease.
NY Launches Blockchain Office, FTX Co-Founder Blasts SEC Ex-Chief
Moving on, the crypto industry has also gone through many other influential developments. Hence, New York has unveiled the 1st office devoted to digital assets and blockchain innovation. Moreover, the Japanese financial regulatory authorities are readying to restrict or outlaw crypto insider trading with the New Financial Instruments and Exchange Act (FIEA).
Furthermore, Sam Bankman-Fried, the co-founder of the notorious cryptocurrency exchange FTX, has accused Gary Gensler, the former SEC Chairman, of arresting him after being politically motivated.
