The worldwide crypto market has witnessed a notable downturn over the past 24 hours. Diverse sectors like DeFi and NFTs have also experienced massive shocks in this respect. Particularly, the Fear & Greed Index has reached 34, indicating considerable “fear” in the market sentiment.
Crypto Market Experiences a Downturn as Top Crypto Assets Indicate
The latest statistics also present a bearish outlook for Bitcoin ($BTC) and Ethereum ($ETH). The key crypto assets stand at $83.5K and $1.81K, showing -0.4% and -0.2% price change. Additionally, the market capitalization ($2.77T) and 24-hour volume ($47.6B) of the crypto market have recorded -1.9% and -60% decrease.
The noteworthy mentions of the last 24 include Notcoin ($NOT), $GUNZ ($GUN), Particle ($PARTI), and RedStone ($RED). Specifically, Notcoin ($NOT) is the top crypto project on the CoinGecko. In addition to this, RedStone ($RED) is the top trending crypto project on CryptoRank.
What’s more, GUNZ ($GUN) has emerged as the top crypto gainer on the prominent crypto exchange Binance with a 62% price rise over 24 hours. On the other hand, Particle ($PARTI) has plunged by 17%, securing the position of the top loser crypto asset on Binance.
Taiko and Shadow Exchange Lead DeFi Ecosystem as Top Chain and Exchange
DeFi sector has gone through a slight decrease in its overall valuation. Based on the exclusive statistics, the total value locked (TVL) of the DeFi ecosystem has touched the $131B mark. This points out a plunge of up to 0.9%. The well-known DeFi projects have beheld notable changes in their TVL.
Taiko accounts for an 8.9% spike in TVL to become the top blockchain in terms of TVL growth. Nonetheless, NEO has slumped by 11% to get the position of top blockchain when it comes to TVL decrease. On the other hand, Shadow Exchange has become the top PJT in the case of TVL growth with a 7.2% rise.
Guild of Guardians, CryptoPunk #2200, and Yakuza Dominate NFT Sector
Concurrently, the NFT market also shows a 31% dip in its 24-hour volume which has reached the $3.1M spot. The key NFT performers include Guild of Guardians, CryptoPunk #2200, and Yakuza Pandas. Guild of Guardians denotes the top NFT collection in line with its volume which has touched $309K.
Along with that CryptoPunk #2200 stands as the most expensive NFT with its value reaching $92.9K. Moreover, Yakuza Pandas has recorded a 452% surge in volume, getting the place of top collection in terms of volume growth.
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Bitcoin’s mining difficulty has gone through a 6.81% increase to touch the record-high spot of 121.51T. Parallelly, the tariff policy of Trump has removed $4.9T from the worldwide markets according to AJ Bell.
Apart from that, there is a possibility of a 2% increase in the US inflation during 2025 because of the anticipated economic slowdown. Keeping this in view, a recent Forbes poll highlights 72% votes categorizing Trump’s economic strategy ineffective.
