Crypto Market Records Minor Dip as Market Capitalization Falls Below $3T Mark

The worldwide crypto market has seen a slight slump over the past 24 hours. In this respect, the cumulative crypto market capitalization has dropped by 0.99% to reach the $2.98 mark, while the 24-hour crypto volume is 27.39% down at $49.01B. Nonetheless, irrespective of this decline, the Fear & Greed Index has maintained its neutral position at 53, signifying the momentary dip in the crypto ecosystem that could soon recover.

$BTC and $ETH Drop by 0.78% and 0.38%

The flagship crypto asset, Bitcoin ($BTC) also reflects the overall slight decrease in the market momentum. At present, Bitcoin is changing hands at $95,770.12, indicating a 0.78% price decrease over the past twenty-four hours. In addition to this, the market dominance of the top crypto asset accounts for 63.9%. Simultaneously, Ethereum ($ETH) shows a 0.38% price plunge over the same period, reaching $1,831.62. Its market dominance stands at 7.4%

$SNL, $FTW, and $MUBARAK Lead Daily Gainers

Apart from that, the prominent daily crypto gainers include Snow Leopard ($SNL), Black Agnus ($FTW), and Mubarak ($MUBARAK). Specifically, $SNL is the top crypto gainer with a remarkable 4200.16% increase, raising its price to $0.000002163. Additionally, $FTW has recorded 2223.59% price upsurge, reaching $0.00000007289. Concurrently, $MUBARAK denotes a 974.50% surge, claiming the $0.01638 mark.

DeFi TVL Plunges by 0.47% While NFT Sector Sees 27.10% Decrease in Sales Volume

Like the overall slight crypto dip, the DeFi sector also presents a 0.47% decrease in total value locked (TVL) that has dropped to the $101.91B mark. However, AAVE sustains the top rank among the notable DeFi protocols, accounting for a $20.578B in TVL. On the other hand, Defily Dex has secured the top place based on daily TVL rise, accounting for a 254261% upsurge.

The non-fungible token (NFT) market shows a relatively grim picture with a noteworthy 27.10% decrease in the overall sales volume that has reached $12,044,768. Even then, DMarket has maintained its peak position among top NFT collections with its sales volume touching $1,919,902. In this respect, the NFT collection has seen a 17.65% rise.

Arizona Governor Rejects Bitcoin Bill, Labeling Bitcoin ‘Untested’ Investment

In general, the crypto market is experiencing significant shifts led by macroeconomic developments. As a key development in this respect, the Arizona Governor Katie Hobbs has vetoed the Senate Bitcoin bill while categorizing Bitcoin as an untested investment for overall public funds. Moreover, the crypto prices are anticipated to be impacted by the upcoming presidential elections in South Korea.