Crypto Market Undergoes Downturn after Short Spike

The worldwide crypto market is again underwater after a provisional upsurge. As a result, the total crypto market capitalization has hit the $2.4T mark, indicating a 2.19% dip. In addition to this, the 24-hour crypto volume is 31.12% down at $106.65B. Concurrently, the Crypto Fear & Greed Index is now standing at 25 points, showing persistent “Fear” among the crypto community.

Bitcoin ($BTC) Dips by 2.87% and Ethereum ($ETH) Witnesses 2.78% Drop

Particularly, the leading cryptocurrency, Bitcoin ($BTC), has witnessed a 2.87% decrease over the past 24 hours, reaching $70,492. Additionally, the flagship altcoin, Ethereum ($ETH), is now changing hands at $2,068.37, highlighting a 2.78% drop. In the meantime, the market dominance of the top altcoin is now standing at 10.4%.

$DOGS, $TSLA, and $BEER Lead Crypto Gainers of Day

Simultaneously, the top names on the list of today’s top gainers include HARRIS DOGS ($DOGS), Tesla ($TSLA), and Beers ($BEER). Specifically, $DOGS has seen a notable 1475.42% rise, hitting the $0.1615 mark. Subsequently, $TSLA’s price is now hovering around $8.69, signifying a 1050.16% growth. Following that, $BEER shows a 707.82% surge while claiming the $0.1190 spot.

DeFi TVL Records 0.20% Decrease While NFT Sales Volume Rises by 28.14%

Apart from that, the DeFi TVL has plunged by 0.20%, touching $98.325B. Along with that, the top DeFi project, Aave, is 2.49% down while sitting at $27.169B. Nonetheless, when it comes to 1-day TVL change, TideSwap is the top player in the DeFi sector, claiming a stunning 292204133% increase over the past twenty-four hours.

In the same vein, the NFT sales volume has climbed by 28.14%, reaching $7,226,873. Additionally, the top-selling NFT collection, $PI BRC-20 NFTs, now accounts for $870,091.

OKX Launches Orbit for Social Trading, Vitalik Buterin Discloses Possibility of Smart Account Launch

At the same time, the crypto market has also gone through several other key developments over 24 hours. In this respect, OKX has unveiled Orbit as a social trading ecosystem, with completely verified metrics.

Moreover, Vitalik Buterin, the Ethereum co-founder, has revealed the possibility of the smart accounts’ launch within 1 year via the EIP-8141 and Hegota upgrade. Furthermore, Solv Protocol has announced 10% bounty following an exploit of $2.7M.