Crypto Market Declines As Fear Grips Investors

The crypto sector is witnessing a continuous drop, as the latest 24-hour data suggests. Hence, the total crypto market capitalization has hit $2.36T after a 0.75% decrease. However, a 12.22% increase has placed the 24-hour crypto volume at $70.32B. Concurrently, the Crypto Fear & Greed Index stands at 27 points, highlighting a “Fear” among the market participants.

Bitcoin ($BTC) Drops by 0.82% and Ethereum ($ETH) Sees 2.47% Dip

Particularly, the top crypto asset, Bitcoin ($BTC), is now changing hands at $68,642.25. This price indicates a 0.82% decrease, while the market dominance of $BTC accounts for 58.3%. In addition to this, the leading altcoin, Ethereum ($ETH), is at the moment trading at $2,063.41, signifying a 2.47% dip. In the meantime, $ETH’s market dominance sits at 10.6%.

$GPM, $BPX, and $TRUMP Dominate Crypto Gainers of Day

Apart from that, Gold Pump Meme ($GPM), Black Phoenix ($BPX), and PEPE ($TRUMP) are the leading names on the list of top crypto gainers. Specifically, $GPM has seen a staggering 4749.16% increase, hitting $0.01599. Following that, a 2905.00% increase has placed $BPX’s price at $2.81. Subsequently, $TRUMP is now hovering around $0.003253 after a 1287.36% jump.

DeFi TVL Shows 2.12% Decrease While NFT Sales Volume Jumps by 15.19%

Simultaneously, the DeFi TVL has gone through a 2.12% drop, attaining the $93.199B mark. In addition to this, the top DeFi project in terms of TVL, Aave, has plunged by 1.22%, touching $24.993B. Nonetheless, when it comes to 1-day TVL change, ETCswap is the leading platform in the DeFi sector, accounting for a stunning 88827% surge over the past twenty-four hours.

Additionally, the NFT sales volume is 15.19% up at $5,050,190. Even then, the top-selling NFT collection, Courtyard, is 5.03% down at $786,258.

Blockchain Social Apps Grow Amid Middle East Tensions, Boyaa Eyes $70M Crypto Expansion

Concurrently, the crypto industry has also recorded several other key developments over 24 hours. In this respect, the blockchain-based social media and messaging apps are experiencing a noteworthy rise as the communication blackouts and civil unrest are increasing in the Middle East, Africa, and Asia.

Moreover, CoinDCX has slammed fraud allegations while responding to the FIR targeting co-founders. Furthermore, Boyaa Interactive International of Hong Kong, which is the 23rd-biggest Bitcoin Treasury, is eyeing $70M expansion in its crypto treasury.