Crypto Market Sees Sideways Movements Amid Mixed Signals

The crypto sector is witnessing caution among investors are the prices are moving sideways. Thus, the crypto market capitalization has dipped by 1.10% over the past 24 hours, reaching $3.06T. However, the 24-hour crypto volume stands at $120.76B after a 5.84% increase. Concurrently, the Crypto Fear & Greed Index shows “Fear” at 25 points.

Bitcoin Drops by 1.59% and Ethereum Witnesses 0.90% Dip

Specifically, the flagship crypto asset, Bitcoin ($BTC), has touched $89,860.74 in terms of price. This indicates a 1.59% decrease, while the market dominance of Bitcoin accounts for 58.5%. Additionally, the leading altcoin, Ethereum ($ETH), is changing hands at $3,105.60, presenting a 0.90% drop in price. In the meantime, its market dominance is 12.2%.

$MICHI, $BEAST, and $GROK Dominate Crypto Gainers of Day

Simultaneously, the list of top crypto gainers of the day includes Michi ($MICHI), MrBeast ($BEAST), and SORA GROK ($GROK). Particularly, $MICHI has seen a staggering 1517.60% increase, hitting $0.005816. Following that, $BEAST’s price has reached $0.08261, showing a 1053.28% increase. Subsequently, a 748.08% rise has placed $GROK’s price at $0.1596.

DeFi TVL Surges by 0.09% and NFT Sales Volume Records 48.77% Rise

Apart from that, the DeFi TVL has jumped by 0.09%, attaining the $120.979 mark. However, the top DeFi project, Aave, has dipped by 3.22%, touching $32.858B. Nonetheless, when it comes to 1-day TVL change, Brise Swap has become the top DeFi player, claiming a massive 3322897558047853568% increase over 24 hours.

In the same vein, the NFT sales volume has spiked by 48.77%, reaching $9,503,050. Additionally, the top-selling NFT collection, fwogs, has touched $1,064,307 following a 1325.66% increase.

Tether Puts $81.6M into Generative Bionics, HashKey Unveils Hong Kong IPO

Moving on, the crypto industry has also gone through several other important developments over 24 hours. In this respect, Tether has invested $81.6M in Generative Bionics, an Italy-based humanoid robotics entity amid growing demand for AI.

Moreover, HashKey is looking for $214.7M in its Hong Kong-based IPO. Furthermore, a Californian person, Evan Tangeman, has become another to plead guilty to the crypto theft allegations against Social Engineering Enterprise.