Crypto Bear Market Continues Amid Persistent Fear-Led Sentiment

The past 24 hours have seen a notable decline in the crypto market, as shown in the price performance of the leading crypto assets. In this respect, the total crypto market capitalization has dropped by 1.79%, reaching $3.61T.  However, the 24-hour crypto volume has gone through a 9.93% growth, touching the 241.68B mark. Concurrently, the Crypto Fear & Greed Index stands at 25 points, presenting a notable “Fear.”

Bitcoin Drops by 1.43% and Ethereum Sees 0.87% Price Dip

Particularly, the flagship crypto asset, Bitcoin ($BTC), is now changing hands at approximately $106,818.76. This price level indicates a 1.43% drop over 24 hours while Bitcoin’s market dominance stands at 58.9%. At the same time, the leading altcoin, Ethereum ($ETH), is trading at $3,868.60. This accounts for a 0.87% price decrease. Along with that, Ethereum’s market dominance is 12.9%

$CATX, $FELIS, and $MAGA Dominate Crypto Gainers of Day

Apart from that, the top gainers of the day include CATX ($CATX), Felis ($FELIS), and TRUMP MAGA ($MAGA). Specifically, $CATX is hovering around $0.00001230, presenting a 1122.27% increase. Subsequently, $FELIS has jumped by 608.35%, pushing its price to $0.0000007863. Following that, $MAGA’s price is $3.85 after a 577.38% increase.

DeFi TVL Records 1.21% Slump and NFT Sales Volume Declines by 27%

Simultaneously, the DeFi TVL has plunged by 1.21%, attaining the $149.519B mark. Additionally, the leading DeFi project based on TVL, Aave, has dipped by 1.74% to touch $39B. On the other hand, when it comes to 1-day TVL change, Moonswap is the top DeFi player, accounting for a 1699% rise over past twenty-four hours.

Contrarily, the NFT sales volume has also recorded a 27.00% slump, claiming the $16,106,996 spot. Even then, the top-selling NFT collection, DX Terminal, has jumped by 13.04% as its sales volume now stands at $1,507,115.

Huobi Founder Plans $1B Ethereum Treasury Entity, OpenSea Transitions into Multi-Chain Crypto Company

Moving on, the crypto market has also gone through several other notable developments over 24 hours. In this respect, Li Lin (the founder of Huobi) has partnered with Shen Bo (the co-founder of Fenbushi Capital) and Xiao Feng (the CEO of HashKey Group) while planning to build a $1B Ethereum treasury firm. Moreover, OpenSea is endeavoring to be transformed into a wider multi-chain crypto entity comprising 22 blockchains.