Crypto Landscape Stays Strong Amid Bitcoin’s Retreat to $117K

The crypto market is experiencing a strong momentum despite Bitcoin’s ($BTC) decline to $117K.  In this respect, the total crypto market capitalization now stands at $3.81T after a 3.64% increase over the past 24 hours. In addition to this, the 24-hour crypto volume has surged by 61.82% to reach the $187.54B mark. At the same time, the crypto Fear & Greed index is also in the “Greed” territory, accounting for 70 points.

Bitcoin Drops to $117K While Ethereum Indicates 2.44% Price Rise

Particularly, Bitcoin ($BTC) has recorded a drop to $117K after reaching its new ATH of $123K. At present, it accounts for a 3.74% decrease over twenty-four hours while trading at $117,504. Along with that, Bitcoin’s current market dominance level is 63.8%. Additionally, Ethereum ($ETH) is changing hands at $3,025, presenting a 2.44% increase. Concurrently, its market dominance is 9.6%.

$BTB, $MUBARAK, and $STOCK Dominate Crypto Gainers

Apart from that, BitBall ($BTB), Mubarak ($MUBARAK), and Coin Stock ($STOCK) are the dominant crypto gainers of the day. In this respect, $BTB has seen a staggering 1128.17% increase to reach $0.001351. Following that, $MUBARAK has jumped by 347.59% to touch $0.01473. Subsequently, $STOCK has touched $28.68 after a 333.94% spike.

DeFi TVL Plunges by 0.87% and NFT Sales Volume Records 38.21% Dip

Simultaneously, the TVL of the DeFi sector has dropped by 0.87% over past 24 hours, reaching $126.24B. Additionally, AAVE occupies the top position among the DeFi projects in terms of TVL, while accounting for a 0.35% rise at $29.424B. However, in the case of 1-day TVL increase, Tangible stands atop others with a 65817% growth over twenty-four hours.

On the other hand, the NFT sales volume has plunged by 38.21% to reach $19,162,336. Adding to this, the top NFT collection, Courtyard, saw 18.65% slump as its sales volume has touched $2,148,827.

Kazakhstan Eyes Crypto Reserves, ProShares’ Ultra XRP ETF Approved

Overall, several other influential developments have also taken place across the globe over past 24 hours. In this respect, Kazakhstan is planning to invest its National Reserves into crypto amid growing adoption.

Moreover, the popular exchange Gemini is providing EU investors with fourteen tokenized stocks for trading. Furthermore, the Ultra XRP ETF of ProShares has gained listing clearance from NYSE Arca to deliver 2x leveraged $XRP price exposure.