Crypto Market Faces Volatility as Bitcoin and Other Altcoins Decline

The crypto market is going through massive volatility, as the key crypto assets like Bitcoin ($BTC) display noteworthy price fluctuations. In this respect, the cumulative crypto market capitalization has touched $3.45T after a 1.329% dip over 24 hours. Additionally, the twenty-four-hour spot volume has risen by a considerable 0.59% to reach $100.5B while Fear & Greed Index shows “greed” at 70 points.

Bitcoin ($BTC) and Ethereum ($ETH) See 1.39% and 2.22% Dips

Bitcoin ($BTC) is now trading at $102,394, showing 1.39% increase over the past twenty-four hours. Along with that, its market dominance is 59.19%, presenting a 0.07% decline. Simultaneously, Ethereum ($ETH) displays a 2.22% decrease in its price that has touched $2,445. In addition to this, its market dominance stands at 8.60% following a 0.89% dip.

$PASTERNAK Leads Small-Cap Gainers with 296% Rise While $PI Tops Large-Cap Losers with 14.2% Slump

Despite this bearish outlook in the market, as seen in the case of large-cap projects, small-cap crypto assets have witnessed huge gains. Among the small-cap gainers, $PASTERNAK is the top project, accounting for a significant 296% surge at $0.0587. On the other hand, $PI has topped large-cap losers with a 14.2% decline at $1.10.

DeFi TVL Plunges by 2.72% Amid NFT Sector’s 5.97% Increase in Sales Volume

Analogously, the DeFi landscape also demonstrates a grim outlook with a 2.72% loss in TVL. Hence, its current total value locked is $114.356B. The top DeFi project in terms of TVL is AAVE, comprising $23.779B.

However, when it comes to 1-day TVL growth, dVOL is leading the DeFi sector after a 1836679% rise. Contrarily, the NFT market has jumped by 5.97% to claim the $17,341,456 mark in sales volume. Particularly, Courtyard remains the top name among NFT collections with $1,400,637 in sales despite a 32.32% dip.

Coinbase to Add $COIN to S&P 500 and Pump.fun to Introduce Creator Revenue-Sharing Project

In the institutional sphere, T-Rex, DoubleUp, and Turtle.Club are notable for conducting noteworthy funding rounds. Specifically, T-Rex collected $17M while DoubleUp and Turtle.club have gained $4.0M and $6.2M respectively.

Additionally, Coinbase has disclosed its plan to add its $COIN token to the S&P 500. Moreover, pump.fun is unveiling a creator revenue-sharing project. Furthermore, U.S. President’s social media platform Truth Social has discarded the rumors of an exclusive memecoin launch.