Crypto Market Experiences Slight Plunge Led By Bitcoin And Ethereum

Crypto market is going through notable turbulence as seen in the performance of the prominent assets. In this respect, the total crypto market capitalization has reached the $3.98T mark, showing a 1.64% decline over the past 24 hours. 

In addition to this, the 24-hour crypto volume has also plunged by 32.47% to reach $187.35B. Concurrently, the Crypto Fear & Greed Index remains within the neutral zone, while accounting for 57 points.

Bitcoin Sees 1.03% Slump and Ethereum Witnesses 4.06% Drop

Particularly, Bitcoin ($BTC) is now changing hands at $117,690.65. This price indicates a 1.03% decrease. Additionally, the market dominance of Bitcoin has reached 58.9%. Along with that, Ethereum ($ETH) is now trading at $4,427.68, highlighting a 4.06% dip. Complementing this, its market dominance has touched 13.5%.

$SWOL, $BONZI, and $BRM Dominate Crypto Gainers of Day

Simultaneously, Snowy Owl ($SWOL), Bonzi PFP Cult ($BONZI), and $BullRun Meme ($BRM) are the leading among the prominent crypto gainers of the day. Specifically, $SWOL has witnessed a stunning 3363.94% rise, attaining the $0.00003858 spot. Following that, $BONZI has touched the $0.00009999 after a 1950.11% upsurge. Subsequently, $BRM has gone through a 1786.72% increase to touch $0.002001.

DeFi TVL Drops by 1.44% and NFT Sales Volume Records 37.68% Dip

Similar to the decline in the crypto market, the DeFi TVL has plunged by 1.44% to reach $152.626B. Additionally, the top DeFi project in terms of TVL, Lido, has slumped by 4.47% to reach $39.219B. Nonetheless, in the case of 1-day TVL change, Pay Protocol leads the market with a staggering 3088696% growth over twenty-four hours.

In the same vein, the NFT sales volume has also dropped by 37.68% to reach $19,244,448. Apart from that, the top-selling NFT collection, Courtyard, has recorded a 14.11% dip, touching $2,433,183.

Grayscale Files Dogecoin ETF and SEC Chair Pushes Crypto Mobilization

Overall, many other noteworthy developments have occurred in the crypto industry over past 24 hours. In this respect, Grayscale has filed for a spot Dogecoin ETF amid the ongoing delays in SEC’s decisions.

Moreover, the Hong Kong government has implemented relatively stringent custody regulations on the crypto entities. Furthermore, the new SEC Chairman, Paul Atkins, has announced all the departments’ mobilization to turn the United States into a worldwide crypto hub.