Crypto Market Records Downturn as Fear Again Dominates Investor Sentiment

The crypto market has again witnessed a considerable slump over the past 24 hours. Thus, the total crypto market capitalization has hit the $2.42T mark after a 0.59% decrease. In addition to this, the 24-hour crypto volume has gone through a 6.08% dip, hitting $105.21B. Concurrently, the Crypto Fear & Greed Index is now sitting in the “Fear” territory while accounting for 32 points.

Bitcoin ($BTC) Drops by 0.22% and Ethereum ($ETH) Sees 2.06% Dip

The top cryptocurrency, Bitcoin ($BTC), is now changing hands at $70,609.02. This price level indicates a 0.22% decrease, while the market dominance of $BTC stands at 58.4%. Additionally, the flagship altcoin, Ethereum ($ETH), is currently trading at $2,140.58, highlighting a 2.06% dip. In the meantime, $ETH’s market dominance sits at 10.7%.

$BPX, $PENGU, and $TRUMP Dominate Crypto Gainers of Day

Apart from that, the top crypto gainers of the day take into account Black Phoenix ($BPX), PENGU AI ($PENGU), and PEPE ($TRUMP). Specifically, $BPX is 1755.88% up, hitting $2.81 in price. Following that, a 1363.10% increase has placed $PENGU’s price at $0.01017. Subsequently, $TRUMP is now hovering around $0.002182, signifying a 1287.99% price spike.

DeFi TVL Plunges by 1.56% and NFT Sales Volume Experiences 14.62% Slump

Simultaneously, the DeFi TVL has recorded a 1.56% drop, claiming the $95.019B mark. Additionally, the top DeFi project in terms of TVL, Aave, has plunged by 1.29%, reaching $24.433B. Nonetheless, when it comes to 1-day TVL change, GTON Capital is the leading player in the DeFi sector, attaining a stunning 599452% surge over 24 hours.

On the other hand, the NFT sales volume has dipped by 14.62%, touching the $4,789,638 spot. Even then, the top-selling NFT collection, Courtyard, is 45.58% up at $858.762.

Morgan Stanley Updates Bitcoin ETF Filing, Gemini Faces Lawsuit for Alleged Investor Misleading after IPO

At the same time, the crypto market has also gone through many other key developments across the globe over 24 hours. In this respect, Morgan Stanley has submitted the 2nd S-1 registration amendment to advance the ‘Morgan Stanley Bitcoin Trust” ETF under $MSBT ticker.

Moreover, Yih-Shyan “Wally” Liaw, the Super Micro Computer, Inc. co-founder, has been detained over allegedly running multi-billion dollar AI chip funneling scheme. Furthermore, Gemini, a renowned crypto exchange, is facing a lawsuit over accusations of misleading investors after the September IPO.