The global crypto sector is going through a short-term dip, according to the new market data. In this respect, the total crypto market capitalization has reached $3.33T after a 1.26% decrease over past twenty-four hours. In addition to this, the 24-hour crypto volume has also experienced a 14.25% decline to attain the $96.03B mark. Concurrently, the crypto Fear & Greed index accounts for 51 points, presenting a neutral position.
Bitcoin and Ethereum Record 0.86% and 2.08% Slumps
The top crypto asset, Bitcoin ($BTC), is changing hands at $108,144.25. This indicates a price dip of 0.86% over twenty-four hours. Additionally, its market dominance is approximately 64.7%. Apart from that, Ethereum ($ETH) accounts for $2,520.02 in terms of its latest price. This highlights a 2.08% decrease over the same period. At the same time, the market dominance of Ethereum is 9.1%.
$SWOL, $VOPO, and $BCAT Lead Crypto Gainers
Simultaneously, the top crypto gainers take into account Snowy Owl ($SWOL), VOPO ($VOPO), and BilliCat ($BCAT). In this respect, $SWOL has recorded a 2696.18% upsurge to reach $0.0003111. After that, $VOPO enjoys a 2505.19% price increase, reaching $0.000000008002. Subsequently, $BCAT is now trading at $0.002663 after jumping by 2177.58%.
DeFi TVL Drops by 1.76% While NFT Sales Volume Sees a 24.68% Dip
However, the DeFi TVL has plunged by 1.76% to touch $114.444B. Along with that, AAVE, the top DeFi project when it comes to TVL, accounts for $25.551B after a 1.79% dip. On the other hand, in the case of 1-day TVL change, Credix has jumped by 5672770% over 24 hours.
Analogously, NFT sales volume has dropped by 24.68%, touching $16,304,003. In the same vein, the most selling NFT collection, Courtyard, has experienced a 13.11% decrease to reach $2,444,511 in sales.
El Salvador Broadens Bitcoin Holdings to $6,228.18 $BTC Whereas Russia Unveils Ruble-Backed Stablecoin
Overall, several positive developments have taken place concerning the crypto market. Specifically, El Salvador is broadening its $BTC reserves, increasing holdings to 6,228.18 $BTC, irrespective of rising pressure from IMF.
Another notable advancement includes the Sweden government’s call for stringent crypto seizures in line with exclusive forfeiture law. Moreover, Russia has introduced Ruble-backed stablecoin, apart from the launch of a blockchain payment forum.
