The crypto market is witnessing a persistent downturn based on the exclusive market data. Hence, the crypto market capitalization has touched the $3.25T mark after a 0.29% dip. In addition to this, the 24-hour crypto volume has seen an 8.39% decline to reach $111.03B. Simultaneously, the crypto Fear & Greed index accounts for 48 points, showing a neutral position.
Bitcoin and Ethereum Witness 0.72% and 0.67% Price Jump
The flagship crypto asset, Bitcoin ($BTC), has recorded a 0.72% price surge, reaching the $104,733.62 spot. Additionally, the market dominance of Bitcoin ($BTC) is nearly 64.0%. Similarly, the top altcoin, Ethereum ($ETH), has jumped by 0.67% to touch the $2,520.80 mark. At the same time, Ethereum has a market dominance of up to 9.4%.
$FTW, $TRUMP, and $TURBO Dominate Crypto Gainers
Apart from that, Black Agnus ($FTW), Mubarak Trump ($TRUMP), and TURBO BOME ($TURBO) are the leading crypto gainers. Particularly, $FTW enjoys a 2847.83% price upsurge that has raised tis price to $0.00000009831.
After that, $TRUMP has touched the $0.0001091 as a result of a 1321.73% upsurge. Subsequently, $TURBO is now changing hands at $0.000007187 following a 1246.42% rise.
DeFi TVL Slumps by 0.75% While NFT Sales Volume Dips by 23.08%
On the other hand, the DeFi sector has gone through a slight decline of 0.75% in TVL, attaining the $112.03B mark. Specifically, AAVE stays atop the DeFi platforms with its TVL accounting for $25.387B. However, when it comes to 24-hour TVL change, Rezerve Money leads with a 3261277% surge.
In the same vein, the NFT market has also recorded a 23.08% dip in sales volume that has touched $13,912,675. Even then, the top NFT collection, Courtyard, shows a 21.09% increase to touch $2,374,075 in sales volume.
Tether CEO Introduces Offline Password Management Project and South Korea Readies to Unveil Spot ETFs
Overall, the crypto market is experiencing many significant developments across the globe. In this respect, Paolo Ardoino (the CEO of Tether) has unveiled an exclusive password manager for offline use to eliminate dependence on centrally controlled storage.
Moreover, the regulatory agencies in South Korea are getting ready to launch won-based stablecoins and spot cryptocurrency ETFs during 2025. Furthermore, Linda Yaccarino (the CEO of the social media platform X) has announced the launch of direct investment and trading operations for users in the near future.
