Crypto Market Faces Fear as Top Assets Dip into Further Losses

The crypto market is still attempting to break out of the bearish momentum, while the key assets are going through notable losses. Hence, the total crypto market capitalization has seen a 5.30% drop, reaching the $3.28T mark.

However, the 24-hour crypto volume has jumped by 32.49% to touch $230.12B. At the same time, the crypto Fear & Greed Index is in the “Fear” zone, while standing at 22 points.

Bitcoin Slumps by by 5.10% and Ethereum Sees 9.33% Decrease

Particularly, the flagship cryptocurrency, Bitcoin ($BTC), is changing hands at $97,518.35. This price signifies a 5.10% while the market dominance of the leading crypto asset accounts for 59.2%. In addition to this, Ethereum ($ETH) is trading at $3,194.93. Presenting a 9.33% decrease. In the meantime, the market dominance of the top altcoin is up to 11.7%.

$XBTC, $CAT, and $PEOPLE Lead Crypto Gainers of Day

Simultaneously, XenBitcoin ($XBTC), NOT ($CAT), and MAGA ($PEOPLE) are the top on the list of the key crypto gainers of the day. Specifically, $XBTC has jumped by a staggering 643.74%, reaching $229.13 in price.

Following that, a 533.81% increase has pushed $CAT’s price to $0.008094. Subsequently, $PEOPLE is now hovering around $0.002068 as a result of 468.08% rise.

DeFi TVL Drops by 2.23% While NFT Sales Volume Records 1.67% Rise

On the other hand, the DeFi TVL has dipped by 2.23%, claiming the $128.684B mark. Additionally, the top DeFi project in terms of TVL, Aave, has plunged by 1.34%, touching $33.634B. Nonetheless, when it comes to 1-day TVL change, pSTAKE Finance occupies the top place, accounting for a stunning 31873734% increase over twenty-four hours.

Meanwhile, the NFT sales volume has surged by 1.67%, attaining the $13,100,941 spot. In the same vein, the top-selling NFT collection, Algebra Positions NFT-V2, has recorded a 0.87% spike, reaching $2,084,752.

Czech Central Bank Tests $1M Crypto Portfolio as FDIC Plans Tokenized Insurance Guidance

Apart from that, many other noteworthy developments have taken place in the global crypto sector over 24 hours. In this respect, Czech National Bank has started a test program for a digital asset portfolio of $1M that contains Bitcoin ($BTC).

Moreover, Travis Hill, the acting Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC), is planning to release a proposal for guidance concerning tokenized deposit insurance as well as to release an application procedure for stablecoins by 2025’s end.

Furthermore, BTX Capital and Vanessa Cao, its founder, face the allegation of manipulating crypto prices as the on-chain investigation highlights a huge $4.9M loss.