Crypto Sector Shows Mixed Outlook Amid Growing Speculations of Altcoin Season

The crypto sector is currently expressing slight fluctuations, according to the exclusive market data. In this respect, the overall 24-hour crypto volume has plunged by 26.01% at $83.07B, while the total crypto market cap stands at $3.29T after a 0.01% increase. In addition to this, the crypto Fear & Greed index is currently accounting for 66 points, showing a notable “greed.”

Bitcoin Records 0.09% Decrease While Ethereum Accounts for 0.37% Surge

The flagship cryptocurrency Bitcoin ($BTC) is now trading at $103,454.20. In this respect, it has seen a slight 0.09% dip while its current market dominance is 62.5%. Apart from that, Ethereum ($ETH) is now changing hands at $2,500.56, indicating at 0.37% surge. Concurrently, Ethereum’s market dominance is sitting at up to 9.2%. Keeping this gradual rise in dominance in view, the overall market is likely shifting toward an altcoin season.

$BOME, $MAGA, and $CATEX Lead Crypto Gainers

Along with that, Book of Meme 3.0 ($BOME), PEPE MAGA ($MAGA), and CATEX ($CATEX) are leading the crypto gainers of the day. Particularly, $BOME’s price has jumped by 722.98% to reach the $0.00000001480 mark. Additionally, $MAGA has recorded a 703.31% increase to reach $0.0001238. Subsequently, $CATEX is the top 3rd daily gainer with a 678.92% price rise at $0.0000001899.

DeFi TVL Plunges by 8.99%, Whereas NFT Sector Experiences 12.49% Dip in Sales

Meanwhile, the DeFi sector has experienced an 8.99% decline in its TVL which has reached $114.115B. Specifically, AAVE is the top DeFi project in this respect, with its TVL comprising $23.401B. However, in line with the 1-day TVL change, BlueMove is the top player, denoting a massive 158812% upsurge.

Simultaneously, the NFT landscape has dipped by 12.49% to touch $12,837,992 in terms of sales volume. Nonetheless, by securing the top spot among the NFT collections with its sales volume touching $1,529,305 after a staggering 1061.01% spike.

Hong Kong Arrests Crypto Laundering Group and U.K. Implements Stringent Crypto Reporting Obligations

Overall, the crypto landscape has also witnessed several noteworthy events. Particularly, Hong Kong has busted a crypto laundering network responsible for stealing $15M. Along with that, the U.K. Authorities have implemented strict reporting obligations on crypto entities. Moreover, Pump.fun has touched $700M in revenue via Solana-based meme coins.