Crypto Market Records Dip While Sentiment Remains Neutral

The worldwide crypto market is witnessing a slight correction phase, as the new 24-hour data suggests. Hence, the total crypto market capitalization has reached $2.41T after a 0.86% drop. In addition to this, the 24-hour crypto volume has plunged by 15.66% to reach $70.28B. At the same time, the Crypto Fear & Greed Index now stands at 42 points, showing a “Neutral” sentiment among the market participants.

Bitcoin Drops by 1.21% and Ethereum Sees 1.33% Decrease

Particularly, the flagship cryptocurrency, Bitcoin ($BTC), is now changing hands at $70,851.91. This price level indicates a 1.21% decrease, while $BTC’s market dominance accounts for 58.8%. Additionally, the leading altcoin, Ethereum ($ETH), is currently trading at $2,188.83, signifying a 1.33% drop. In the meantime, the market dominance of $ETH sits at 10.9%.

$BPX, $IRIS, and $TSLA Dominate Crypto Gainers of Day

Apart from that, the top crypto gainers of the day include Black Phoenix ($BPX), IRISnet ($IRIS), and Tesla ($TSLA). Specifically, $BPX has a price of up to $0.1324, displaying a 3161.52% surge. Following that, an 877.17% increase has placed the price of $IRIS at $0.003473. Subsequently, while hovering around $$0.04801, $TSLA presents a price rise of 417.02%.

DeFi TVL Records 1.88% Plunge and NFT Sales Volume Winesses 9.15% Dip

Simultaneously, the DeFi TVL presents a 1.88% dip, reaching the $94.885B spot. Additionally, the top DeFi project in terms of TVL, Aave, has dropped by 0.35%, hitting the $25.26B mark. Nonetheless, when it comes to 1-day TVL change, MistSwap is the leading DeFi project, suggesting a 43495% increase over the past twenty-four hours.

On the other hand, the NFT sales volume shows a 9.15% slump at $5,780,553. Additionally, the top-selling NFT collection, Courtyard, is 5.38% down, accounting for $1,299,761.

ECB Supports Centrally-Controlled Crypto Regulation via ESMA Policy, WLFI Slams Justin Sun’s Accusations

Concurrently, the crypto sector has also experienced several other notable developments across the globe over 24 hours. In this respect, the European Central Bank (ECB) has supported plans for a centrally-controlled cryptocurrency regulation in line with the ESMA policy that is built on the MiCA framework.

Moreover, the World Liberty Financial (WLFI) has rebuked Justin Sun’s accusations of using a backdoor to free wallets without making a prior caution. Furthermore, Transak has incorporated fiat on-ramp support for Canton Network to bolster institutional access.