Crypto Market Shows Mixed Momentum Amid Lingering Fear

The worldwide crypto sector is experiencing cautious optimism with gradual price rises. Thus, the cumulative crypto market capitalization has surged to $2.95T, denoting a 2.86% increase. However, the 24-hour crypto volume has dipped by 58.08%, reaching $103.42B. At the same time, the Crypto Fear & Greed Index accounts for 10, indicating “Extreme Fear” in the market.

Bitcoin Surges by 2.68% and Ethereum Sees 3.32% Rise

Particularly, Bitcoin ($BTC) is now hovering around $86,170.85. The respective price level signifies a 2.68% spike over the past 24 hours. In addition to this, the market dominance of the flagship crypto asset is sitting at 58.4%. Apart from that, Ethereum ($ETH) is now trading at $2,821.47, presenting a 3.32% upsurge. In the meantime, the leading altcoin has a market dominance of nearly 11.6%.

$BPX, $CATX, and DOGEX Lead Crypto Gainers of Day

Apart from that, the list of today’s leading crypto gainers includes Black Phoenix ($BPX), CATX ($CATX), and DOGEX ($DOGEX) in the key positions. Specifically, $BPX has seen a staggering 4580.91% price increase, hitting the $2.42 mark. Following that, a 2512.67% jump has placed $CATX’s price at $0.000003992. Subsequently, with a 1600.07% leg up, $DOGEX stands at $0.0000002023.

DeFi TVL Jumps by 1.92% While NFT Sales Volume Records 7.19% Slump

Simultaneously, the DeFi TVL has also noticed a 1.92% rise, touching the $116.138B spot. Additionally, the top DeFi project in terms of TVL, Aave, has climbed by 0.77%, claiming the $30.699B mark. Nonetheless, in the case of 1-day TVL change, pSTAKE Finance is the leading player in the market, attaining the stunning 37988896% rise over the past twenty-four hours.

On the other hand, the NFT sales volume has slumped by 7.19%, touching $10,183,165. Even then, the top-selling NFT collection, Algebra Positions NFT-V2 has recorded a 3.84% increase, attaining the $2,046,187 figure.

LeCun Exits Meta and UK Announces £1.5B EV Subsidy Plan

Concurrently, the crypto industry has also witnessed many other developments. In this respect, Yann LeCun, the chief AI scientist at Meta, is quitting the platform to develop “world models.” Moreover, Swiss Minister of Economic Affairs Guy Parmelin has persuaded the government to decrease the import tariffs from 39% to just 15% in the early days of December.

Furthermore, the British Chancellor of the Exchequer, Rachel Reeves, has unveiled the plan to specify £1.3B for subsidies related to unique electric vehicles (EVs), apart from issuing £200M to install charging stations.