The latest upsurge in the geopolitical tension between the United States and China has further pushed the crypto market into extreme fear. As the latest market statistics reveal, the Fear & Greed Index has reached 25 while the well-known crypto assets are in the red zone. In addition to this, the crypto sector’s cumulative market capitalization has decreased by 1.88% in the past 24 hours to reach $2.69T.
Crypto Market Dips Further as Bitcoin and Ethereum Record -1.79% and -4.76% Price Change
The top crypto coin Bitcoin ($BTC) shows a 1.79% dip as its price is moving around $80,594. Nonetheless, with a 0.02% rise, Bitcoin’s market dominance stands at 59.53%. Simultaneously, Ethereum ($ETH) is changing hands at $1,544 with a 4.76% decrease during recent 24 hours. Additionally, its market dominance is 2.75% down at 6.94%.
$BUTTCOIN and $CRV Dominate Top Crypto Gainers
Despite the downturns of the prominent crypto assets, several projects have made considerable profits over the twenty-four hours. The top names among the small-cap gainers include “$BUTTCOIN,” “$AERGO,” and “$ZRC.” These crypto assets are trading at $0.0203, $0.203, and $0.0332, indicating 78.3%, 51.9%, and 37.0% spikes. Apart from that the large-cap gainers take into account $CRV, $FARTCOIN, and $HYPE. Their prices are $0.601, $0.846, and $15.04%, denoting 17.5%, 13.6%, and 11.3% surges.
NFT Realm Displays 115% Volume Rise Whereas DeFi Is Still 4.0% Down in TVL
In the case of NFT and DeFi sectors, the former has recorded a rise while the latter has seen a further dip. Hence, with a 115% upsurge, the NFT sector’s volume stands at $10.1M, with CryptoPunks and Mounts of Seedworld serving as the key contributors.
CryptoPunks is atop NFT collections with its volume reaching $6.7M while Mounts of Seedworld is the top growing NFT with a 3,035% spike. On the other hand, DeFi market displays a 4.0% drop as its TVL has touched $119B. Even then, Hyperliquid has gained the status of top blockchain based on TVL growth as its TVL has surged by 13%.
Latest 145% Tariffs Imposed by U.S. on China Raise Caution for Further Impact
Concurrently, the institutional crypto sector has also shown considerable developments. The key fund rounds include Meanwhile, Towns, and Wunder.Social. These funding rounds reportedly amassed $40M, $10M, and $50M respectively. Nevertheless, further escalation in the wider geopolitical tensions in the trade ties between the U.S. and China is raising considerable concerns. The massive 145% tariffs have resulted in noteworthy downsides in the crypto and stock markets.
