Crypto Market Drops Amid Bearish Sentiment under ‘Extreme Fear’

The crypto landscape is again facing a notably bearish momentum, as the latest 24-hour data suggests. Hence, the crypto market capitalization has dropped by 3.26%, hitting $2.34T. However, the 24-hour crypto volume has increased by 3.47% to reach $101.22B. At the same time, the Crypto Fear & Greed Index accounts for 12 points, signifying “Extreme Fear.”

Bitcoin Plunges by 2.66% and Ethereum Witnesses 6.16% Slump

Particularly, the flagship crypto asset, Bitcoin ($BTC), is now changing hands at $68,382.92. This price level indicates a 2.66% dip while $BTC’s market dominance is 58.5%. In addition to this, the leading altcoin, Ethereum ($ETH), is trading at $1,959.22, presenting a 6.16% price plunge. In the meantime, the market dominance of $ETH stands at 10.1%.

$DOGEX, $ELEVATE, and $MUBARAK Dominate Crypto Gainers of Day

Apart from that, the list of today’s top crypto gainers includes DOGEX ($DOGEX), Elevate ($ELEVATE), and Mubarak ($MUBARAK). Specifically, $DOGEX is now hovering around $0.0000002817 after a 1608.04% rise. Subsequently, an 866.54% spike has placed $ELEVATE’s price at $0.09036. Following that, $MUBARAK’s current price is $0.01486, led by a 730.07% jump.

DeFi TVL Sees 2.21% Dip While NFT Sales Volume Shows 73.76% Growth

Simultaneously, the DeFi TVL is 2.21% down, attaining the $95.853B mark. Additionally, the top DeFi project, Aave, has witnessed a 2.41% slump to reach $27.046B. Nonetheless, when it comes to 1-day TVL change, WoofSwap stands in the top position in the DeFi market, claiming 5257% increase over the past twenty-four hours.

On the other hand, the non-fungible token (NFT) Sales Volume has seen a 73.76% growth, touching the $12,149,199 figure. In the same vein, the top-selling NFT collection, Flying Tulip PUT, has surged by 164.10%, claiming the $7,527,607 mark.

Russian Deputy Finance Minister Pushes for Crypto Regulation, Kevin O’Leary Wins Defamation Lawsuit Against Ben Armstrong

Moving on, the crypto industry has also experienced many other key developments across the globe. In this respect, the Russian deputy finance minister has highlighted the requirement for crypto regulation by disclosing that citizens are daily spending nearly $648M on crypto without any regulation.

Moreover, the famous TV personality, Kevin O’Leary, has triumphed in a multi-million-dollar defamation case targeting Ben Armstrong. Furthermore, OpenAI has partnered with Peter Steinberger, the OpenClaw founder, to drive growth of individualized AI agents.