Crypto Market Drops as Bitcoin and Ethereum Plunges Significantly

The crypto landscape has experienced a dip over the past 24 hours, as the latest data points out. Hence, the cumulative crypto market capitalization has reached $3.13T after a 2.73% decrease. On the other hand, the 24-hour crypto volume has seen a 72.02% rise, hitting $102.92B. Concurrently, the Crypto Fear & Greed Index accounts for 45 points, showing a “Neutral” sentiment.

Bitcoin Declines 2.56% and Ethereum Sees 3.23% Dip

The flagship cryptocurrency, Bitcoin ($BTC), is changing hands at $92,635.98. This indicates a 2.56% dip while $BTC’s market dominance is 59.1%. Additionally, the leading altcoin, Ethereum ($ETH), is now trading at $3,205.33, presenting a 3.23%. In the meantime, its market dominance stands at 12.3%.

$CPM, $PENGU, and $IRIS Dominate Today’s Key Crypto Gainers

Apart from that, Crypto Pump Meme ($CPM), PENGU AI ($PENGU), and IRISnet ($IRIS) are leading top crypto gainers of the day. Particularly, $CPM has jumped by a stunning 4364.35%, touching $0.0001465. Subsequently, $PENGU’s 624.44% increase has placed its price at $0.00007099. Following that, $IRIS is now standing at $0.005946, led by a 582.51% surge.

DeFi TVL Slumps by 2.64% and NFT Sales Volume Records 15.59% Drop

Simultaneously, the DeFi TVL has gone through a 2.64% slump, attaining the $126.329B mark. Additionally, the top DeFi project in terms of TVL, Aave, has witnessed a 2.03% plunge to reach $35.443B. Nevertheless, when it comes to 1-day TVL change, Kumbaya occupies the leading place in the DeFi sector, claiming a stunning 24959% spike over the past twenty-four hours.

Contrarily, the NFT sales volume has dipped by 15.59% as its total valuation sits at $6,625,712. Even then, the top-selling NFT collection, YES BOND, has claimed the $647,718 spot after a 13.75% increase.

BlackRock Deposits $1.25B+ in Ethereum and Bitcoin ETFs, Dubai Prohibits DIFC-Wide Prohibition on Privacy Tokens

Moving on, the crypto sector has also witnessed many key developments over 24 hours. In this respect, BlackRock has invested more than $1.25B in Ethereum and Bitcoin ETFs within a week. Moreover, Tesla has restarted the AI chip program Dojo3 amid Elon Musk’s confirmation of noteworthy progress on the AI5 chip project. Furthermore, Dubai has prohibited privacy tokens within the Dubai International Financial Centre (DIFC) under stringent regulations.