Crypto Sector Remains Stable Despite Fearful Sentiment among Investors

The worldwide crypto market has displayed resilient performance on Monday. Hence, the total crypto market capitalization has reached $2.3T after a 0.67% increase. However, the 24-hour crypto volume has dropped by 46.82% to reach $51.27B. In the meantime, the Crypto Fear & Greed Index now accounts for 25 points, indicating notable “Fear” among the investors.

Bitcoin ($BTC) Surges by 1.37% and Ethereum ($ETH) Sees 2.50% Increase

Particularly, the leading crypto asset, Bitcoin ($BTC), is now trading at $67,512.28. This indicates a 1.37% increase, while the market dominance of $BTC stands at 58.0%. In addition to this, the flagship altcoin, Ethereum ($ETH), is now changing hands at $2,050.07, presenting a 2.50% increase in price. In the meantime, $ETH’s market dominance sits at 10.5%

$HBTC, $IRIS, and $BEER Dominate Crypto Gainers of Day

Apart from that, the list of leading crypto gainers of the day includes Hold BTC ($HBTC), IRISnet ($IRIS), and Beers ($BEER). Specifically, $HBTC has jumped by a staggering 1170.36%, hitting the $0.0000008137 mark. Subsequently, a 558.74% price rise has placed the price of $IRIS at $0.03265. Following that, $BEER is now hovering around $0.05062 after a 329.85% increase.

DeFi TVL Spikes by 1.13% and NFT Sales Volume Indicates a 46.42% Jump

Simultaneously, the DeFi TVL has gone through a 1.13% jump, reaching the $93.287B mark. Along with that, the top DeFi project in terms of TVL, Aave, has recorded a 0.60% rise, touching the $24.067B spot. Nonetheless, when it comes to 1-day TVL change, Ball Exchange is the top DeFi project, accounting for a stunning 314228% spike over the past twenty-four hours.

In the same vein, the NFT sales volume has surged by 46.42% to reach $7,599,073. Similarly, the top-selling NFT collection, $X@AI BRC-20 NFTs, has gone through a 717464.49% jump, to attain the $2,139,060 mark.

Ethereum Foundation Stakes $46.2M in $ETH and Australia Imposes $10M Penalty on Binance

Concurrently, the crypto industry has also witnessed several other developments across the globe over 24 hours. In this respect, the Ethereum Foundation has staked up to $46.2M worth of $ETH, more than ever before.

Moreover, the Australian securities regulator has imposed a $10M fine on Binance. Moreover, Brazil has implemented a unique law permitting authorities to confiscate crypto assets like Bitcoin ($BTC) from all criminal networks to invest the proceeds in public security.