Crypto Market Records Dip into Fear Territory Amid Wider Decline

The crypto sector is going through notable pressure, as the declining prices of the leading crypto assets indicate. Thus, the total crypto market capitalization has hit $3.02T after a 0.64% decline. In addition to this, the 24-hour crypto volume has also dropped by 29.71%, reaching $98.79B. At the same time, the Crypto Fear & Greed Index stands at 34 points, suggesting the growing “Fear” among the market participants.

Bitcoin Plunges Below below $90K and Ethereum Sees 1.60% Decrease

The leading cryptocurrency, Bitcoin ($BTC), has dropped below the $90K mark while trading at $89,592.69. This highlights a 0.32% price decrease while Bitcoin’s market dominance sits at 59.1%. Additionally, the flagship altcoin, Ethereum ($ETH), is currently changing hands at $2,967.71, displaying a 1.60% dip. In the meantime, $ETH’s market dominance is nearly 11.8%.

$XOGE, $PEOPLE, and $GME Lead Key Crypto Gainers of Day

Apart from that, Xoge ($XOGE), MAGA ($PEOPLE), and GameStop Coin ($GME) are today’s top crypto gainers. Particularly, $XOGE has jumped by a staggering 1484.66% to reach $0.0000000000009551. Following that, $PEOPLE’s 1229.01% rise has placed its price at $0.00007335. Subsequently, $GME is now hovering around $0.001914 after a 1226.46% increase.

DeFi TVL Slumps by 1.18% While NFT Sales Volume Experiences 8.67% Jump

On the other hand, the DeFi TVL has dipped by 1.18%, hitting $120.347B. Additionally, the top DeFi project in terms of TVL, Aave, has slumped by 1.12%, reaching $533.424B. However, when it comes to 1-day TVL change, Fenrir Finance has claimed the top position in the DeFi sector, accounting for a stunning 692% jump over the past twenty-four hours.

Similarly, the NFT sales volume has surged by 8.67%, attaining the $34,679.212 mark. In the same vein, the top-selling NFT collection, $X@AI BRC-20 NFTs, has spiked by 608.97%, claiming the $13,728,441 figure.

Ruble-Pegged Stablecoin A7A5 Surpasses $100B in Transfers, Binance’s USD1 Event Delivers $40M in New Rewards

Simultaneously, the crypto industry has also seen several other key developments across the globe. In this respect, A7A5, a Russian ruble-pegged stablecoin, has surged past $100B in transfer volume before completing a year after its launch.

Moreover, Binance’s USD1 Event is offering $40M in exclusive rewards. Furthermore, Revolut, a popular British fintech firm, is quitting acquisition plans in the U.S., moving instead toward submitting a license application via the Office of the Comptroller of the Currency (OCC).