Crypto Market Drops as Fear Grows Amid Bearish Investor Sentiment

The crypto sector is facing a sheer drop across the top assets based on the latest market data. Hence, the total crypto market capitalization has hit the $2.24t mark after a 3.88% dip. However, the 24-hour crypto volume has jumped by 42.16%, reaching $72.89B. At the same time, the Crypto Fear & Greed Index is now standing at 14 points, showing “Extreme Fear” among the investors.

Bitcoin Dips by 4.40% and Ethereum Sees 5.50% Decrease

Particularly, the leading crypto asset, Bitcoin ($BTC), is now trading at $64,942.48. This price level indicates a 4.40% decrease, while the market dominance of $BTC accounts for 58.2%. In addition to this, the flagship altcoin, Ethereum ($ETH), is at the moment changing hands at $1,864.66, signifying a 5.50% drop. In the meantime, $ETH’s market dominance is nearly 10.1%.

$TSLA, $PENGU, and $PUPPIES Lead Today’s Top Crypto Gainers

Apart from that, the list of top crypto gainers of the day includes Tesla ($TSLA), PENGU AI ($PENGU), and I love puppies ($PUPPIES). Specifically, $TSLA has jumped by a staggering 2889.25%, reaching $3.68. Following that, a 1283.93% increase has placed $PENGU’s price at $0.0001609. Subsequently, after an 896.95% price surge, $PUPPIES is now hovering around $0.0000000001789.

DeFi TVL Jumps by 3.41% While NFT Sales Volume Records 45.62% Slump

Simultaneously, the DeFi TVL has risen by 3.41%, attaining the $98.467B mark. Nonetheless, the top DeFi project in terms of TVL, Aave, has dropped by 0.92% to touch the $26.128B mark. Along with that, in the case of 1-day TVL change, NOME Protocol has become the leading DeFi player, accounting for a stunning 4937% rise over the past twenty-four hours.

On the other hand, the NFT sales volume has plunged by 45.62% to hit the $16,346,915 spot. Similarly, the top-selling NFT collection, Flying Tulip PUT, is 47.85% down at $12,269,660.

Missouri to Establish Bitcoin Strategic Reserve and BitMine Raises $ETH Holdings to 4.37M $ETH

Concurrently, the crypto industry has also seen several other key developments across the globe over 24 hours. In this respect, Missouri is advancing the plan of developing a Bitcoin Strategic Reserve, becoming one among early $BTC adopters in public finance.

Moreover, BitMine is increasing its $ETH holdings to nearly 4.37M $ETH while projecting $252M in staking revenue. Furthermore, a leading investment firm, KKR, has disclosed the strategy to obtain a majority stake for $1.3B in $XCL.