The worldwide crypto sector is going through notable trend shifts with mixed performance. As per the new market data, the total crypto market capitalization has touched the $3.69T mark after a 1.96% dip. However, the 24-hour crypto volume has jumped to $197.97B, showing a 11.97% rise. At the same time, the Crypto Fear & Greed Index accounts for 51 points, expressing a neutral outlook.
Bitcoin Drops by 1.41% and Ethereum Sees 4.55% Decrease
Particularly, the price of the top crypto asset, Bitcoin ($BTC), has witnessed a 1.41% decrease over past 24 hours. Thus, its current price is hovering around $113,911.76. Additionally, its market dominance is now standing at 61.2%. Similarly, Ethereum ($ETH) is changing hands at $3,505.74, signifying a 4.55% decrease in the meantime. Complementing this, the flagship altcoin’s market dominance has risen to 11.5%.
$SWOL, $TURBO, and $LINA Lead Crypto Gainers
Concurrently, Snowy Owl ($SWOL), TURBO BOME ($TURBO), and Linear Finance ($LINA) are the dominant crypto gainers of the day. Specifically, $SWOL has seen a staggering 1136.02% increase to attain the $0.00007706 mark. Subsequently, $TURBO has spiked to $0.000006467 spot after a 170.94% increase. Following that, $LINA is trading at $0.00003302, indicating a 480.87% upsurge.
DeFi TVL Plunges by 3.24% and NFT Sales Volume Records a 1.15% Decline
Simultaneously, after a 3.24% dip, the DeFi TVL has dropped to $132.724B. Adding to this, AAVE, the top DeFi project when it comes to TVL, has been hit by a 4.19% slump, touching $32.535B. Nevertheless, zkBoost has gained the top place in the DeFi sector in terms of 1-day TVL increase, accounting for a 257334% jump over twenty-four hours.
The current non-fungible token (NFT) market outlook is not much different, as the sales volume has plunged by 1.15% to attain $18,680,086. However, the top-selling NFT collection, Bored Ape Yacht Club ($BAYC), has recorded a huge 260.07% increase, gaining the $3,113,643 mark in sales volume.
Trump Threatens with Nuclear Subs Deployment While UK FCA Allows Crypto ETNs for Retail Trading
Overall, the broader crypto industry is experiencing a considerable downturn due to the escalating geopolitical tensions. In this respect, the recent war threat by U.S. President Donald Trump against Russia with Nuclear submarines is the key development.
Moreover, Ark Invest is decreasing its Coinbase ($COIN) stocks while raising BitMine ($BMNR) Shares. Furthermore, the UK FCA has permitted the trading of crypto exchange-traded notes (ENTs) for retail users.
