Crypto Market Holds at $2.5T as Investor Fear Persists

As June starts, the crypto market is presenting a relatively cautious momentum, based on the latest statistics. Hence, the total crypto market capitalization has hit $2.5T after a slight 0.25% dip. On the other hand, the cumulative crypto trading volume has surged by 3.95%, reaching $62.42B. At the same time, the Crypto Fear & Greed Index accounts for 36 points, highlighting “Fear” among the crypto holders. The current market outlook is crucial as it could provide the base for the further market trajectory.

Bitcoin ($BTC) Drops by 0.34% and Ethereum ($ETH) Expresses 1.02% Dip

Specifically, the leading cryptocurrency, Bitcoin ($BTC), is now trading at $73,776.72. This price level indicates a modest 0.34% decrease over the past 24 hours, while the market dominance of Bitcoin ($BTC) stands at 59.2%. In addition to this, the flagship altcoin, Ethereum ($ETH), is currently changing hands at $2,010.31, signifying a 1.02% drop. In the meantime, Ethereum’s ($ETH) market dominance sits at 9.7%.

$CAT, $TRUMP, and $GROK Dominate Crypto Gainers of Day

Apart from that, the list of today’s key crypto gainers includes NOT ($CAT), TRUMP AI ($TRUMP), and SORA GROK ($GROK). Particularly, $CAT has jumped by a staggering 460.42% to reach $0.02072. Subsequently, a 449.18% rise has placed $TRUMP’s price at $0.0008799. Following that, $GROK is now hovering around $2.07, showing a 391.68% increase.

DeFi TVL Plunges by 0.16% and NFT Sales Volume Records 2.25% Slump

Simultaneously, the DeFi TVL has dropped by 0.16%, touching the $80.302B mark. Additionally, the top DeFi project in terms of TVL, Lido, is 0.36% down at $17.842B. Nonetheless, when it comes to 1-day TVL change, VisionBoard Vault claims the top position in the DeFi market, accounting for a stunning 40393% spike over the past twenty-four hours.

Contrarily, the NFT market has gone through a 2.25% decrease in the case of the sales volume, while sitting at $7,362,124. Additionally, the top-selling NFT collection, Courtyard, is 19.83% down, at $991,735.

Sui Blames Bugs for Recent 3 Outages, Arbitrum’s $2.3M shift to Coinbase Spurs Apprehensions among Investors

Concurrently, the crypto landscape has also witnessed many other key developments across the globe over the past 24 hours. In this respect, Sui, after completing its investigation, has disclosed that bugs associated with validator randomness state and gas charging logic led to its recent 3 shutdowns.

 Moreover, a well-known meme trading instrument, BullX, has announced a freeze on its trading activities, starting from June 1, while shifting resources to future improvements and development. Furthermore, Arbitrum’s latest transfer of 22M $ARB (almost $2.3M) to Coinbase has triggered concerns among the investors.