Crypto Downtrend Prolongs Under ‘Extreme Fear’ and Losses Continue to Mount

The crypto market is experiencing the continuation of the downturn. Hence, the crypto market capitalization has seen a further dip of 4.32%, reaching $3.09T. However, the 24-hour crypto volume has surged by 38.25%, hitting $230.97B. At the same time, the Crypto Fear & Greed Index is still within the “Extreme Fear” zone while accounting for 15 points.

Bitcoin Slips by 5.36% and Ethereum Sees 5.40% Drop

Particularly, the top crypto asset, Bitcoin ($BTC), has dropped by 5.36%. This has placed Bitcoin’s price at $89,972.36 while its market dominance is 58.1%. In the same vein, the flagship altcoin, Ethereum ($ETH), has also witnessed a 5.40% decrease as its price has hit the $3,007.31 spot. In addition to this, its market dominance is 11.7%.

$FELIS, $DOGO, and $BEER Lead Daily Crypto Gainers

Simultaneously, the top names among the prominent crypto gainers of the day include Felis ($FELIS), DOGO ($DOGO), and Beers ($BEER). Specifically, $FELIS has jumped by a staggering 3408.44% to reach $0.0000005470. Subsequently, $DOGO is now hovering around $0.000003600, led by a 1677.42% rise. Following that, a 530.84% increase has raised $BEER’s price to $0.001487.

DeFi TVL Records 1.93% Drop While NFT Sales Volume Jumps by 8.93%

On the other hand, the DeFi TVL has plunged by 1.93%, touching $121.077B. Similarly, the top DeFi project in terms of TVL, Aave, shows a 2.16% decline, attaining the $31.058B mark. Nonetheless, in the case of 1-day TVL surge, pSTAKE Finance is the top DeFi player, claiming a stunning 34199582% increase over the past twenty-four hours.

Additionally, the NFT sales volume has spiked by 8.93% to hit $10,214,645. Even then, the top-selling NFT collection, DMarket, has recorded a 4.49%, reaching $895,769.

El Salvador Buys 1,098 $BTC and Anima Bank Goes Fully Crypto

Concurrently, the crypto industry has also witnessed many other noteworthy developments over 24 hours. In this respect, El Salvador has purchased the dip by accumulating 1,098 $BTC over the week.

 Moreover, Anima Bank has become the earliest international banking network to provide complete crypto custody and trading services in Hong Kong. Furthermore, Mt. Gox has transacted $954M in $BTC to back creditor repayments.