The crypto sector is going through a considerable slump, as shown in the new 24-hour data. In this respect, the crypto market capitalization has dropped by 1.84% to reach the $3.77T mark. In addition to this, the 24-hour crypto volume has also plunged to $196.39, denoting a 24.36% decrease. At the same time, the Crypto Fear & Greed Index has further dipped within the “Fear” zone, standing at 32 points.
Bitcoin Drops by 1.26% and Ethereum Sees 2.88% Dip
Particularly, the leading crypto asset, Bitcoin ($BTC), is now changing hands at $111,123.22. This presents a 1.26% decrease over the past 24 hours, while its market dominance accounts for 58.9%. Additionally, Ethereum ($ETH) is now trading at $4,003, displaying a 2.88% dip. Along with that, the market dominance of the flagship altcoin is sitting at 12.8%.
$MICHI, $LEASH, and $BTC Dominate Crypto Gainers
Apart from that, the top crypto gainers of the day include Michi ($MICHI), Doge Killer ($LEASH), and Bitcoin Second Chance ($BTC). Specifically, $MICHI has jumped by a huge 2729.35%, reaching $0.0004580. Following that, $LEASH has seen a 713.92% rise that has placed its price at $2.76. Subsequently, the price of $BTC is now hovering around $0.06296 after a 597.89% increase.
DeFi TVL Plunges by 1.58% and NFT Sales Volume Records 14.84%
Simultaneously, the DeFi TVL has recorded a 1.58% decrease, attaining the $155.374B mark. Additionally, the top DeFi project in terms of TVL, Aave, has also slipped by 1.49%, reaching $40.593B. Nonetheless, in the case of 1-day TVL change, HipPoWSwap is the leading DeFi player, accounting for a staggering 10491574% spike.
On the other hand, the NFT sales volume has also dipped to $27,440,584 due to a 14.84% decrease. Moreover, the top-selling NFT collection, 45.com, has slumped by 25.49% to touch $6,699,200.
Bittensor Restores Subnet Mechanism and Immunity Periods, South Korea Approves Gopax Acquisition by Binance
Moving on, the crypto sector has also gone through many other influential developments. In this respect, Bittensor has reinstated its subnet mechanism, restrictions, and immunity phases. Moreover, Sony Bank has applied for a license in the U.S. to offer dollar-backed stablecoin. Furthermore, South Korean government has approved the Gopax acquisition for Binance after a 2-year regulatory review.
