Crypto Market Drops Further as Extreme Fear Persists

The crypto market is witnessing a considerable drop as the leading crypto assets have turned red. Thus, the total crypto market capitalization has hit $2.29T after a 1.27% decrease over the past 24 hours. In addition to this, the 24-hour crypto volume has dipped by 21.81% to reach $92.91B. Concurrently, the Crypto Fear & Greed Index stands at 15 points, displaying “Extreme Fear” among the market participants.

Bitcoin ($BTC) Plunges by 1.15% and Ethereum ($ETH) Sees 2.58% Drop

The leading cryptocurrency, Bitcoin ($BTC), is 1.15% down while changing hands at $66,682.47. Additionally, the market dominance of $BTC stands at 58.1%. Similarly, the top altcoin, Ethereum ($ETH), has slumped by 2.58%, hitting the $66,682.47 mark. In the meantime, the market dominance of $ETH accounts for 10.3%.

$TRUMP, $TSLA, and $MUBARAK Dominate Crypto Gainers of Day

Apart from that, the prominent crypto gainers of the day include TRUMP MOG ($TRUMP), Tesla ($TSLA), and Mubarak ($MUBARAK). Particularly, $TRUMP has surged by 1773.61% to reach the $0.002304 spot. Moreover, a 1708.24% increase has placed $TSLA at $74.64. Subsequently, $MUBARAK is now hovering around$0.01404 after a 1288.27% jump.

DeFi TVL Records 0.05% Slump and NFT Sales Volume Shows 13.105 Downturn

Simultaneously, the DeFi TVL shows a 0.05% decrease while sitting at $93.816B. In the same vein, the top DeFi project in terms of TVL change, Aave, has dropped by 1.27%, reaching $26.653B. Nonetheless, when it comes to 1-day TVL change, Liquify Protocol stands as the leading DeFi player with a staggering 1700559% increase over the past twenty-four hours.

Contrarily, the NFT sales volume is 13.10% down at $3,182,815. Even then, the top-selling NFT collection, Flying Tulip PUT, has effectively gained a 25.63% rise, claiming the $685,555 mark.

South Korea Vows Crypto Reforms, MicroStrategy Lifts STRC Dividend to 11.5%

At the same time, the crypto sector has also recorded many other key developments over 24 hours. In this respect, the South Korean Finance Minister has pledged reform following a notable failure in crypto handling.

Moreover, MicroStrategy is raising $STRC dividend to nearly 11.50% amid the drawdown pressure posed by Bitcoin ($BTC). Furthermore, X has lifted prohibition on X-encrypted promotions, while the European Union and the United Kingdom remain banned markets.