The crypto sector is going through notable pressure, as the declining prices of the leading crypto assets indicate. Thus, the total crypto market capitalization has hit $3.02T after a 0.64% decline. In addition to this, the 24-hour crypto volume has also dropped by 29.71%, reaching $98.79B. At the same time, the Crypto Fear & Greed Index stands at 34 points, suggesting the growing “Fear” among the market participants.
Bitcoin Plunges Below below $90K and Ethereum Sees 1.60% Decrease
The leading cryptocurrency, Bitcoin ($BTC), has dropped below the $90K mark while trading at $89,592.69. This highlights a 0.32% price decrease while Bitcoin’s market dominance sits at 59.1%. Additionally, the flagship altcoin, Ethereum ($ETH), is currently changing hands at $2,967.71, displaying a 1.60% dip. In the meantime, $ETH’s market dominance is nearly 11.8%.
$XOGE, $PEOPLE, and $GME Lead Key Crypto Gainers of Day
Apart from that, Xoge ($XOGE), MAGA ($PEOPLE), and GameStop Coin ($GME) are today’s top crypto gainers. Particularly, $XOGE has jumped by a staggering 1484.66% to reach $0.0000000000009551. Following that, $PEOPLE’s 1229.01% rise has placed its price at $0.00007335. Subsequently, $GME is now hovering around $0.001914 after a 1226.46% increase.
DeFi TVL Slumps by 1.18% While NFT Sales Volume Experiences 8.67% Jump
On the other hand, the DeFi TVL has dipped by 1.18%, hitting $120.347B. Additionally, the top DeFi project in terms of TVL, Aave, has slumped by 1.12%, reaching $533.424B. However, when it comes to 1-day TVL change, Fenrir Finance has claimed the top position in the DeFi sector, accounting for a stunning 692% jump over the past twenty-four hours.
Similarly, the NFT sales volume has surged by 8.67%, attaining the $34,679.212 mark. In the same vein, the top-selling NFT collection, $X@AI BRC-20 NFTs, has spiked by 608.97%, claiming the $13,728,441 figure.
Ruble-Pegged Stablecoin A7A5 Surpasses $100B in Transfers, Binance’s USD1 Event Delivers $40M in New Rewards
Simultaneously, the crypto industry has also seen several other key developments across the globe. In this respect, A7A5, a Russian ruble-pegged stablecoin, has surged past $100B in transfer volume before completing a year after its launch.
Moreover, Binance’s USD1 Event is offering $40M in exclusive rewards. Furthermore, Revolut, a popular British fintech firm, is quitting acquisition plans in the U.S., moving instead toward submitting a license application via the Office of the Comptroller of the Currency (OCC).
