Crypto Market Plunges as Trader Confidence Dips Amid Persistent Fear

The crypto sector has recorded a drop amid the reluctant trader sentiment. Thus, the total crypto market capitalization has dipped by 1.08% to reach $2.98T. However, the 24-hour crypto volume has touched $97.36B after a 23.07% increase. At the same time, the Crypto Fear & Greed Index stands at 29 points, indicating notable “Fear” in the market.

Bitcoin Sees 1.16% Drop and Ethereum Plunges by 1.92%

Specifically, the top crypto asset, Bitcoin ($BTC), is changing hands at $87,904.24, indicating a 1.16% decrease over the past 24 hours. In addition to this, the market dominance of $BTC sits at 59.0%. Similarly, the flagship altcoin, Ethereum ($ETH), is trading at $2,980.55, suggesting a 1.92% drop. In the meantime, the market dominance of $ETH accounts for 12.1%.

$ANTS, $BOME, and $TURBO Dominate Crypto Gainers of Day

Apart from that, the list of daily crypto gainers takes into account ANTSCOIN ($ANTS), Book of Meme 3.0 ($BOME), and TURBO BOME ($TURBO) at the top. Particularly, $ANTS has jumped by a stagering 1948.90% to hit $0.0002131. Following that, $BOME’s price has reached $0.00000006328 after a 834.22%. Subsequently, an 825.67% rise has placed $TURBO’s price at $0.000002379.

DeFi TVL Records 0.12% Decrease While NFT Sales Volume Jumps by 54.49%

Simultaneously, the DeFi TVL has slumped by 0.12%, hitting $120.213B. Additionally, the top DeFi project based on TVL, Aave, has dropped by 0.95% to reach $33.608B. However, when it comes to 1-day TVL change, Spherium claims the top position with a 31892% rise over the past 24 hours.

In the same vein, the NFT sales volume has surged by 54.49%, attaining the $12,642,989 mark. Additionally, the top-selling NFT collection, $X@AI BRC-20 NFTs, has spiked by a stunning 22896442.12% to touch $1,918,730.

400K Chinese $BTC Mining Rigs Shutdown, While Bitmine has Surged above 4M $ETH with New Purchase

Moving on, the crypto industry has also gone through several other noteworthy developments over 24 hours. In this respect, the Chinese crypto mining market has witnessed wide-scale shutdowns as 400K $BTC mining rigs have stopped working.

Moreover, BC Card has accomplished a pilot project permitting foreign consumers to carry out payments at Korea-based merchants via stablecoins. Furthermore, Bitmine has surged past 4M $ETH following new buyout.