Crypto Market Enters Extreme Fear Amid Consistent Downtrend

The crypto market has turned significantly bearish as the prices have been continuously declining over the past 24 hours. Hence, the crypto market capitalization has dropped by 0.80% to reach $3.26T. In addition to this, the 24-hour crypto volume has also seen a 5.4% dip, reaching $217.6B. At the same time, the Crypto Fear & Greed Index has slipped to 16, denoting extreme “Fear” in the market.

Bitcoin Sees 1.06% Dip and Ethereum Drops by 0.01%

Specifically, the top crypto asset, Bitcoin ($BTC), is trading at $96,193.06. This indicates a 1.06% dip while the market dominance of the leading cryptocurrency stands at 58.8%. Additionally, Ethereum ($ETH) is changing hands at $3,177.77, presenting a 0.01% dip. In the meantime, the market dominance of Ethereum ($ETH) accounts for up to 11.8%.

$AXOME, $XMONEY, and $AEGIS Dominate Crypto Gainers

Apart from that, Axoloti Token ($AXOME), X Money ($XMONEY), and Aegis Ai ($AEGIS) are the leading crypto gainers. Particularly, $AXOME has risen by a staggering 4009.66% to reach $0.0005992 in price. Subsequently, $XMONEY is now trading at $0.0000000000005025 after a 684.18% increase. Following that, a 618.19% surge has placed $AEGIS’ rice at $0.000001486.

DeFi Records 0.62% Decrease and NFT Sales Volume Plunges by 6.64%

Simultaneously, a 0.62% decline has placed the overall DeFi TVL at $127.55B. However, the top DeFi project in the case of TVL, Aave, has witnessed a 0.11% increase, touching $33.67B. Concurrently, when it comes to 1-day TVL change, pSTAKE Finance is the leading DeFi player, indicating a 32653765% spike over the past twenty-four hours.

On the other hand, the NFT sales volume has plunged by 6.64%, claiming the $11,992,332 mark. Additionally, the top-selling NFT collection, Algebra Positions NFT-V2 has slumped by 13.27%, attaining the $1,816,583 figure.

Harvard Boosts Bitcoin ETF Stake, Tether Plans $1.2B AI Robotics Investment

Moving on, several other developments have taken place in the global crypto industry over 24 hours. In this respect, the Harvard University has officially announced a noteworthy 257% increase in its $BTC ETF holdings, owning 6.81M BlackRock Bitcoin ETF shares. Moreover, Tether is planning a $1.2B investment in AI-led humanoid robots of Neura.