Crypto Market Extends Sideways Trend as Bitcoin Falls Below $84K

The global crypto market is witnessing a sheer downturn. Hence, with a 2.44% decline over the past 24 hours, the total crypto market capitalization has hit the $2.88T mark. However, the 24-hour crypto volume has surged by 17.22%, reaching the $248.26B spot. Concurrently, the Crypto Fear & Greed Index is still within the “Extreme Fear” territory, while sitting at 10 points.

Bitcoin Drops by 2.58% and Ethereum Sees 3.22% Dip

Specifically, the flagship crypto asset, Bitcoin ($BTC), is trading at $83,893.34. This points out a 2.58% decrease in its price while the market dominance of the $BTC accounts for 58.4%. In addition to this, the top altcoin, Ethereum ($ETH), is changing hands at $329,486,073,645. The respective price level denotes a 3.22% dip. In the meantime, the market dominance of $ETH is 11.5%

$BEER, $TURBO, and $DOGS Dominate Crypto Gainers

Additionally, the top crypto gainers of the day take into account Beers ($BEER), Turbo Trump ($TURBO), and HARRIS DOGS ($DOGS). In particular, $BEER has jumped by a staggering 574.72%, reaching $0.00006336. Following that, a 547.75% spike has placed $TURBO’s price at $0.05769. Subsequently, with a 380.92% rise, $DOGS now stand at $0.009167.

DeFi TVL Plunges by 3.80% While NFT Sales Volume Surges by 10.53%

Simultaneously, the DeFi TVL has dropped by 3.80%, attaining the $113.151B mark. Apart from that, the top DeFi project in the case of TVL, Aave, has reached $30.406B, denoting a 1.42% decrease. Nonetheless, when it comes to 1-day TVL change, pSTAKE Finance is the top DeFi player, accounting for a stunning 37688491% increase over the past twenty-four hours.

 At the same time, the NFT sales volume has spiked by 10.53%, claiming the $10,178.191 figure. Additionally, the top-selling NFT collection, Algebra Positions NFT-V2, has touched $1,961,843 after a 126.15% rise.

Robert Kiyosaki Offloads $BTC in Strategic Shift, U.S. Investigates Bitmain’s Hardware over National Security Concerns

Moving on, the crypto landscape has also seen noteworthy developments over 24 hours. In this respect, Robert Kiyosaki has clarified that his recent $BTC selloffs denote a strategic shift toward boosting recurring income.

Moreover, Dogecoin has obtained NYSE approval for its $GDOG ETF to start trading on Monday. Furthermore, U.S. is probing into Bitmain’s hardware devices for Bitcoin mining over concerns related to national security.