Crypto Sector Shows Mixed Trends as Inflation Concerns Rise Amid New Developments

Crypto landscape is going through a dynamic shift as the top crypto assets have recorded mixed price performance amid rising inflation concerns. The exclusive market data reveals that the total crypto market capitalization has plunged by 1.79% to reach $3.39T. In addition to this, the 24-hour crypto volume has dipped by 5.12% to touch $134.95B.

Bitcoin and Ethereum Record 1.57% and 1.17% Dip

In this respect, the flagship cryptocurrency Bitcoin ($BTC) is now changing hands at $107,792.42. This price level indicates a decrease of 1.57%. Along with this, Bitcoin’s market dominance reportedly accounts for 63.2%. Additionally, Ethereum ($ETH) is currently trading at $2,760,20, expressing a 1.17% slump in price. At the same time, the market dominance of Ethereum ($ETH) stands at 9.8%.

$TURBO, $TRUMP, and $GOUT Dominate Crypto Gainers of Day

Simultaneously, TURBO BOME ($TURBO) trumpwifhat ($TRUMP), and GOUT ($GOUT) are atop daily crypto gainers. Specifically, $TURBO has seen a 774.51% increase to reach $0.000005798. after that, $TRUMP has recorded a 565.95% jump, reaching $0.07568. Subsequently, $GOUT is trading at $0.00007325 following a 589.31% rise.

DeFi TVL Sees 0.93% Decrease and NFT Sales Volume Plunges by 26.07%

Displaying the same outlook as the overall crypto market, the DeFi landscape has also experienced a 0.93% decrease that has pushed its TVL to $117.949B. Hence, the top DeFi project AAVE has also slipped by 0.05%, after which its TVL has now touched $26.352B. However, when it comes to daily TVL change, Tangible has taken the 1st position with a 63871% rise in TVL over 24 hours.

Apart from that, the non-fungible token (NFT) sales volume has dropped by 26.07% to touch $18,328,224. Thus, the top NFT collection Courtyard has slumped by 38.63% in sales volume and has touched $2,889,126.

Singapore Cracks Down on Crypto and Trump Hits Japan with $19B Tariffs

Overall, the broader crypto-related developments across the globe have contributed a lot to the current downturn. Particularly, Singapore has tightened its grip on crypto entities by launching a crackdown against the firms operating without a license. Moreover, the U.S. President Donald Trump’s notable 25% tariffs have reportedly put a massive $19B pressure on the auto manufacturing companies in Japan.