Crypto Market Struggles for Recovery as Extreme Fear Raises Risk-Off Sentiment

The crypto sector is experiencing a wider downturn with a discouraging outlook. Hence, the total crypto market capitalization has dropped by 1.07% to reach $.34T. In addition to this, the 24-hour crypto volume is 19.11% down at $100.84B. Concurrently, the Crypto Fear & Greed Index is still in the “Extreme Fear” zone while accounting for 16 points.

Bitcoin ($BTC) Dips by 1.51% and Ethereum ($ETH) Sees 1.61% Drop

Particularly, the leading crypto asset, Bitcoin ($BTC), is changing hands at $67,769.88. This price level indicates a 1.51% plunge while the market dominance of the flagship cryptocurrency is 57.9%. In addition to this, the top altcoin, Ethereum ($ETH), is trading at $2,047.53, indicating a 1.61% drop. In the meantime, the market dominance of $ETH sits at 10.6%.

$DOGS, $PEPE, and $D Dominate List of Daily Crypto Gainers

Apart from that, the leading crypto gainers of the day include HARRIS DOGS ($DOGS), PEPE AI ($PEPE), and D ($D). Specifically, $DOGS has surged by a staggering 1564.74% to reach $0.02200. Following that, a 1045.12% increase has placed $PEPE’s price at $0.0005588. Subsequently, $D is now hovering around $0.00004582 after a 940.24% rise.

DeFi TVL Slumps by 0.58% and NFT Sales Volume Records 16.02% Decrease

Simultaneously, the DeFi TVL has plunged by 0.58% to hit $95.443B. Additionally, the top DeFi project in terms of TVL, Aave, accounts for $27.072B after a 0.76% decrease. Nevertheless, when it comes to 1-day TVL change, AlphaX enjoys the leading position in the DeFi sector, claiming a stunning 14194465% increase over the past twenty-four hours.

On the other hand, the NFT sales volume has slumped by 16.02%, touching $5,087,276. In the same vein, the top-selling NFT collection, $BTC BRC-20 NFTs, shows a 0.04% dip at $814,442.

Stripe Purchases PayPal, WLFI Proposes 180-Day Staking Requirement for Governance Voting

At the same time, the crypto industry has also witnessed many other key developments across the globe over 24 hours. In this respect, Stripe has unveiled interest in purchasing all or a portion of PayPal, indicating a potential shift in the worldwide digital payments landscape.

Moreover, Trump-linked World Liberty Financial (WLFI) has proposed a minimum 180-day $WLFI staking for those looking to vote on governance. Furthermore, Citi Bank has revealed plans to integrate Bitcoin to benefit institutional investors.