Crypto Market Undergoes Sharp Downturn as Top Assets Show Notable Price Dips

The crypto sector is undergoing a staggering downtrend in line with the latest 24-hour data. Hence, the total crypto market capitalization has hit $2.18T after a 2.49% decrease. However, the 24-hour crypto volume has surged by 41.15%, reaching $104.78B. At the same time, the Crypto Fear & Greed Index is standing at 11 points, showing “Extreme Fear” among the market participants.

Bitcoin ($BTC) Drops by 3.10% and Ethereum ($ETH) Records 2.22% Slump

Particularly, the top crypto asset, Bitcoin ($BTC), is now changing hands at $62.997.54. This price level indicates a 3.10% plunge while the market dominance of $BTC sits at 57.7%. In addition to this, the leading altcoin, Ethereum ($ETH), is now trading at $1,823.61, signifying a 2.22% drop. In the meantime, $ETH’s market dominance is nearly 10.1%.

$DOGS, $MUBARAK, and $TRUMP Dominate Crypto Gainers of Day

Apart from that, the leading crypto gainers of the day include HARRIS DOGS ($DOGS), Mubarak ($MUBARAK), and TRUMP MOG ($TRUMP). Specifically, $DOGS has jumped by a staggering 1531.34%, reaching $0.02496. Subsequently, a 1366.12% rise has placed $MUBARAK’s price at $0.01263. Following that, $TRUMP’s price is now hovering around $0.001085, after a 606.96% increase.

DeFi TVL Records 3.31% Decrease and NFT Sales Volume Plunges by 1.83%

Simultaneously, the DeFi TVL has plunged by 3.31%, touching the $91.139B mark. Additionally, the top DeFi project in the case of TVL, Aave, has slumped by 1.81% to reach $25.656B. Nonetheless, when it comes to 1-day TVL change, Stone Vault is the leading platform in the DeFi market, accounting for a stunning 5021% increase over the past 24 hours.

On the other hand, the NFT sales volume is 31.83% down at $10,939,136. Additionally, the leading NFT collection, Flying Tulip PUT, has seen a 46.66% decrease, reaching the $6,560,376 spot.

Terraform Dismantler Files Lawsuit Accusing Jane Street Group, and Upbit Lists Seeker ($SKR) Altcoin

Concurrently, the crypto industry has also experienced several other key developments across the globe over 24 hours. In this respect, the court-appointed dismantler for the Terraform Labs has sued Jane Street Group, accusing it of leveraging privileged information for gains during TerraUSD and Luna’s unraveling.

Moreover, the Trump-backed World Liberty Financial (WLFI) has announced a successful defense of a coordinated attack aiming at $USD1 stablecoin. Furthermore, Upbit, a Bitcoin exchange, is listing the Seeker ($SKR) token, which will be traded on $USDT, $BTC, and $KRW markets.