Crypto Market Records Sideways Movement as Fear Lingers

The crypto landscape is witnessing a continuation of the bearish moment with a slight optimism. Thus, the total crypto market capitalization has reached $3.1T, showing a 0.23% increase over the past 24 hours. However, the 24-hour crypto volume has plunged by 23.90%, hitting $175.01B. Concurrently, the Crypto Fear & Greed Index stands at 17 points, presenting “Extreme Fear.”

Bitcoin Sees 0.49% Rise While Ethereum Dips by 0.23%

Specifically, the price of the flagship crypto asset, Bitcoin ($BTC) has gone through a 0.49% increase, reaching $90,385.46. In addition to this, its market dominance accounts for 58.3%. On the other hand, Ethereum ($ETH) is changing hands at $2.99.02, presenting a 0.23% dip. In the meantime, the leading altcoin has touched 11.7% of its market dominance.

$CATX, $GROK, and $PEOPLE Lead Crypto Gainers

Simultaneously, the list of top gainers in the crypto market includes CATX ($CATX), SORA GROK ($GROK), and MAGA ($PEOPLE). Particularly, $CATX has jumped by a staggering 2053.72%, touching $0.000003441. Following that, $GROK has seen a 564.90% increase to hit $0.003179. Subsequently, a 514.49% rise has placed the price of $BEER at $0.00983.

DeFi TVL Jumps by 1.20% and NFT Sales Volume Witnesses 16.95% Increase

Apart from that, the DeFi TVL has spiked by 1.20%, attaining the $123.069B spot. Additionally, the top DeFi project in terms of TVL, Aave, stands at $32.038B, accounting for a 3.46% jump. Nevertheless, when it comes to 1-day TVL change, pSTAKE Finance maintains its top position in the DeFi market, claiming a 35186601% increase over the past twenty-four hours.

Along with that, the NFT sales volume is also sitting at $11,781,491, presenting a 16.95% spike. At the same time, the top-selling NFT collection, Algebra Positions NFT-V2, has recorded a 373.81% increase, leading it to $2,334,536.

Mt. Gox Moves $953M Bitcoin, Kraken Secures $800M Backing

Moving on, the crypto market has also experienced many other notable developments over 24 hours. In this respect, Mt. Gox has shifted a huge $953M in $BTC, dumping $16M on Kraken.

Moreover, Cloudflare has pointed toward a database error as the reason leading to the outage that crashed twenty percent of the internet. Furthermore, Citadel Securities has backed Kraken with a $800M in its new funding round.