The global crypto sector is going through a volatile phase, with top players showing mixed sentiment. As per the new market data, the cumulative crypto market capitalization has declined by 1.96% to reach $3.89T. On the other hand, the 24-hour crypto volume has touched the $174.7B mark with a 16.31% increase over the past 24 hours. Concurrently, the Crypto Fear & Greed Index stands within the “Greed” zone while accounting for 63 points.
Bitcoin Drops by 0.68% and Ethereum Sees 3.69% Dip
Particularly, Bitcoin ($BTC) is changing hands at $118,641.09. This figure denotes a 0.68% dip over the past 24 hours. Additionally, its market dominance now stands at 60.7%. Along with that, Ethereum ($ETH) is currently trading at $3,790, expressing a 3.69% dip over twenty-four hours. At the same time, the flagship altcoin’s market dominance is 11.7%.
$PORT, $SWOL, and $TRUMP Lead Crypto Gainers
Apart from that, the notable crypto gainers of the day include Port Finance ($PORT), Snowy Owl ($SWOL), and (fake) Official Melania Trump ($TRUMP). Specifically, $PORT has surged by a stunning 2253.18% to attain the $0.002392 mark. Subsequently, $SWOL has witnessed a 1595.25% upsurge to touch $0.0001148. Following that, $TRUMP has touched $0.1128 spot after a 1164.96% increase.
DeFi TVL Slumps by 2.16% While NFT Sales Volume Surges by 16.82%
Amid the mixed crypto sentiment, the DeFi TVL has also plunged by 2.16% to reach $140.224B. Additionally, Lido, the top DeFi project in terms of TVL, has been hit by a 3.65% slump, touching $34.071B. However, when it comes to the 1-day TVL increase, Tangible stands atop others with a staggering 65632% growth over twenty-four hours.
Contrary to the declining DeFi TVL, the non-fungible token (NFT) sales volume has jumped by 16.82% to attain the figure of up to $30,432,866. Additionally, CryptoPunks has gained a 565.94% increase, with its sales reaching $8,906,468.
South Korea Eyes Stablecoin Laws, Solana Bags $500M for $SOL Buys
Overall, the crypto industry has also recorded other noteworthy developments that can directly or indirectly impact the market. In this respect, the opposition and ruling parties of South Korea have stood against each other by submitting different stablecoin legislations, with one banning interest payments while the other omitting any ban.
Moreover, Binance has introduced Beta Wallet for trading on Binance Smart Chain via Solana and BSC. Furthermore, Solana’s treasury platform Upexi has collected $500M for additional $SOL buyouts.
