Crypto Market Experiences Downtrend Amid Fear-Led Sentiment

The crypto landscape is going through a phase of considerable volatility, as the exclusive 24-hour data indicates. Thus, the total crypto market capitalization is now standing at $2.45T, showing a 3.38% dip. On the other hand, the 24-hour crypto market volume has surged by 7.31%, reaching $102.36B. At the same time, the Crypto Fear & Greed Index is standing at 31 points, expressing “Fear” among the market participants.

Bitcoin ($BTC) Jumps by 1.05%, and Ethereum ($ETH) Sees 1.91% Increase

Particularly, the leading crypto asset, Bitcoin ($BTC), is now trading at $73,630.84. This price level indicates a 1.05% increase, while the market dominance of Bitcoin ($BTC) accounts for 59.7%. In addition to this, the top altcoin, Ethereum ($ETH), is currently changing hands at $2,013.44, presenting a 1.91% increase. In the meantime, Ethereum’s ($ETH) market dominance is 9.7%.

$HETF, $TRUMP, and $GME Dominate Crypto Gainers of Day

Apart from that, the list of today’s key crypto gainers includes HYPE-ETF ($HETF), TRUMP AI ($TRUMP), and GameStop Coin ($GME). Specifically, $HETF has jumped by 1135.89%, touching $0.00008525. Following that, a 425.92% surge has placed $TRUMP’s price at $0.0008500. Subsequently, $GME is now hovering around $0.0002344, displaying a 355.13% rise.

DeFi TVL Plunges by 1.32%, While NFT Sales Volume Records 7.57% Spike

Simultaneously, the DeFi TVL has dropped by 1.32%, hitting $79.361B. Even then, the top DeFi project in terms of TVL, Lido, is 0.93% up at $17.764B. Nonetheless, when it comes to 1-day TVL change, zkFox claims the leading position in the DeFi landscape, presenting a stunning 8869054% increase.

In the same vein, the NFT market is also 7.57% up at $8.738,225. Nevertheless, the top-selling NFT, Courtyard, has plunged by 1.28% to touch $1,437,506.

Kalshi Seeks Court Block on Minnesota Prediction Market Ban, While OKX Invests $53M in Coinone Stake

Concurrently, the crypto landscape has also seen several other crucial developments around the world over the past 24 hours. In this respect, Kalshi has requested a U.S. federal court to prevent Minnesota from implementing the country’s earliest prediction market prohibition.

Moreover, Japan’s top 3 banks, Mizuho, Sumitomo Mitsui, and MUFG, are preparing to gain full access to the latest model of OpenAI for defense against cyberattacks. Furthermore, OKX has confirmed a staggering $53M investment to obtain a twenty percent stake in the crypto exchange, Coinone.