Following a violent downtrend of the last week, the crypto sector is witnessing cautious optimism with slight dips across major assets. Hence, the total crypto market capitalization is 1.12% down at $2.38T. However, amid the rising market activity, the 24-hour crypto volume has increased by 20.20%, reaching $112.55B. At the same time, the Crypto Fear & Greed Index stands at 10 points, showing “Extreme Fear” among the market participants.
Bitcoin ($ETH) Drops by 0.75% and Ethereum ($ETH) Sees 0.97% Dip
Particularly, the leading cryptocurrency, Bitcoin ($BTC), is currently trading below the $70K mark at $69,589.10. This price level presents a 0.75% dip while the market dominance of $BTC sits at 58.6%. In addition to this, the price of the top altcoin, Ethereum ($ETH), is nearly $2,064.80 after a 0.97% drop. In the meantime, $ETH’s market dominance is 10.5%.
Top Daily Crypto Gainers Include $CPM, $PF, and $DOODI
Apart from that, the list of today’s prominent crypto gainers includes Crypto Pump Meme ($CPM), Purple Frog ($PF), and Doodipals ($DOODI). Specifically, $CPM accounts for a stunning 4403.35% rise while hovering around $0.00001490. Subsequently, a 2091.85% increase in $PF’s price has placed it at $0.0004592. Following that, after a 944.97% surge, $DOODI is trading at $0.0003245.
DeFi TVL Plunges by 0.52% While NFT Sales Volume Records 36.28% Spike
Simultaneously, the DeFi TVL has dipped by 0.52%, touching the $98.284B mark. Even then, the top DeFi project in terms of TVL, Aave, has spiked by 0.66%, attaining the $28.644B spot. Nevertheless, when it comes to 1-day TVL change, SectorOne has claimed the top position, accounting for a staggering 2029% spike over the past twenty-four hours.
In the same vein, the NFT sales volume is 36.28% up at the $8.817,352 mark. Additionally, the top-selling NFT collection, Flying Tulip PUT, has surged by 223.34% to hit the $2,361,973 mark.
Binance Adds $300M BTC to Protection Fund, Ripple Expands Custody Support
Concurrently, several other crypto-related developments have also taken place across the globe during the past 24 hours. In this respect, Binance has added $300M in $BTC to its consumer protection fund.
Moreover, a California-based federal judge has sentenced a 20-year imprisonment for Daren Li, who possesses dual nationality of St. Kitts and Nevis and China, over running a crypto scam of $73M. Furthermore, Ripple is boosting its institutional custody, HSM, and staking support in partnership with Securosys and Figment.
About the author
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
