Crypto Sector Suffers Major Decline Amid Persistent Extreme Fear

The crypto market is witnessing a turbulent phase, with notable dips across key assets. Hence, the total crypto market capitalization has hit the $2.18T mark after a 1.51% decrease. In addition to this, the 24-hour crypto volume has dropped by 15.32%, reaching $121.82B. At the same time, the Crypto Fear & Greed Index accounts for 18 points, indicating “Extreme Fear” among the market participants.

Bitcoin ($BTC) Dips by 4.96% and Ethereum ($BTC) Sees 11.46% Drop

The leading crypto asset, Bitcoin ($BTC), has dropped by 4.96%, hitting the price level of up to $60,131.22. Additionally, Bitcoin’s ($BTC) market dominance stands at 58.1%. Similarly, the flagship altcoin, Ethereum ($ETH), is currently changing hands at $1,531.00, displaying a 11.46%. In the meantime, the market dominance of Ethereum ($ETH) currently sits at 9.6%.

PEPE TRUMP, Hold BTC, and TRUMP MOG Lead Crypto Gainers of Day

The pack of crypto gainers of the day includes PEPE TRUMP ($TRUMP), Hold BTC ($HBTC), and TRUMP MOG ($TRUMP). Specifically, PEPE TRUMP ($TRUMP) has jumped by a stunning 397.85%, touching $0.0000004042 in price. Following that, a 281.06% increase has placed $HBTC’s price at $0.000002827. Subsequently, TRUMP MOG ($TRUMP) is now hovering around $0.002228, highlighting a 261.01% rise.

DeFi TVL Slumps by 5.73%, While NFT Sales Volume Records 74.3% Jump

Decentralized Finance (DeFi) TVL has plunged by 5.73%, touching the $69.487B mark. In the same vein, the top DeFi project in terms of TVL, Lido, is 8.73% down, reaching $13.975B. Nonetheless, when it comes to 1-day TVL change, MineBTC has occupied the dominant position in the DeFi landscape, claiming a staggering 80681% rise over the past twenty-four hours.

Along with that, the total NFT trading volume has jumped by 74.3%, attaining the $2,690,159 spot. Similarly, CryptoPunks has become the leading NFT collection, seeing 3.9% spike, with its 24-hour volume standing at $858,204.

JINX-0164 Targets Crypto Developers, Russia Limits Retail Crypto Trading

Moving on, the crypto landscape has also gone through many other critical developments across the globe over the past 24 hours. In this respect, the hacker group “JINX-0164” has targeted crypto developers through LinkedIn, infecting their machines via modified macOS malware.

Moreover, the Russian Central Bank is confining non-qualified investors to trading just $USDT, $ETH, and $BTC. Furthermore, attackers remained effective in compromising the WeaveDB npm package of Arweave for malware deployment.