Crypto Sector Struggles As Extreme Fear Storms Investor Sentiment

The worldwide crypto market is displaying significant fragility as the latest 24-hour data presents a relatively bearish momentum. Hence, the total crypto market capitalization has dropped by 0.10% to reach $2.33T. In addition to this, the 24-hour crypto volume is currently sitting at $51.42B, signifying a 48.26% dip. At the same time, the Crypto Fear & Greed Index presents “Extreme Fear” while accounting for just 14 points.

Bitcoin ($BTC) Surges by 0.10% and Ethereum ($ETH) Experiences 0.53% Rise

Particularly, the leading cryptocurrency, Bitcoin ($BTC), is now trading at $67,877.54. This price level indicates a 0.10% rise, while the market dominance of $BTC is nearly 58.4%. In addition to this, the flagship altcoin, Ethereum ($ETH), is currently changing hands at $1,972.13, presenting a 0.53% increase. In the meantime, $ETH’s market dominance stands at up to 10.2%.

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

Apart from that, the top crypto gainers of the day take into account Tesla ($TSLA), Lynex ($LYNX), and TRUMP MOG ($TRUMP) Specifically, $TSLA is now hovering around $0.1147 after a staggering 1571.26% surge. Following that, $LYNX has jumped by 1208.44%, reaching $0.01414. Subsequently, a 1039.68% increase has placed $TRUMP’s price at $0.001571.

DeFi TVL Jumps by 0.23% While NFT Sales Volume Drops by 16.60%

Simultaneously, the DeFi TVL is 0.23% up, attaining the $95.64B figure. Additionally, the top DeFi project in the case of TVL, Aave, has seen a 0.31% increase to touch the $26.37B mark. However, when it comes to 1-day TVL change, Brise Swap is the dominant player in the DeFi sector, claiming the stunning 3095333185297438720% spike over the past twenty-four hours.

On the other hand, the NFT sales volume has dipped by 16.60%, hitting the $30,249,216 mark. Additionally, the leading NFT collection, Flying Tulip PUT, has plunged by 20.30%, reaching the $23,694,489 spot.

Stripe’s Bridge Platform Gets Conditional Authorization from OCC, EigenCloud to Unlock $7.5M in $EIGEN Tokens

Concurrently, the crypto industry has also witnessed several critical developments over 24 hours. In this respect, the Bridge platform of Stripe has obtained the conditional authorization from the Office of the Comptroller of the Currency (OCC) to move toward a national bank that is federally chartered.

Moreover, EigenCloud plans to unlock up to 38.35M $EIGEN tokens, accounting for $7.5M. Furthermore, Audiera is to unlock nearly 21.25M tokens, equaling a $5.22M in value.