Crypto Market Drops 3% As Fear Index Hits Extreme

The wider crypto market has witnessed a noteworthy plunge over the past 24 hours. Thus, the total crypto market capitalization has dropped by 3.20% to reach $2.27T. In addition to this, the 24-hour crypto volume has witnessed a 10.01% decrease to hit $90.57B. At the same time, the Crypto Fear & Greed Index is currently standing at 14 points, showing the “Extreme Fear” driving the market sentiment.

Bitcoin ($BTC) Drops by 3.20%, and Ethereum ($ETH) Sees 5.98% Decrease

Specifically, the flagship crypto asset, Bitcoin ($BTC), is now changing hands at $65,625.51. This price level highlights a 3.20% decrease, while the market dominance of $BTC accounts for 57.9%. Additionally, the leading altcoin, Ethereum ($ETH), is 5.98% down while trading at $1,924.55. In the meantime, $ETH’s market dominance is nearly 10.3%.

$MACMINI, $XBTC, and $DOGS Lead Crypto Gainers of Day

Apart from that, the top crypto gainers of Today include Mac Mini ($MACMINI), XenBitcoin ($XBTC), and HARRIS DOGS ($DOGS). Particularly, $MACMINI has jumped by a staggering 2338.39%, hitting the $0.000000000001415 mark. Subsequently, a 2081.87% increase has placed $XBTC’s price at $65,643.16. Following that, $DOGS is now hovering around $0.3026 after a 1279.37% rise.

DeFi TVL Slumps by 2.07% and NFT Sales Volume Records 0.45% Decrease

Simultaneously, the DeFi TVL has slumped by 2.07%, attaining the $93.298B spot. Additionally, the top DeFi project in terms of TVL, Aave, has seen a 2.63% decrease, reaching $26.361. However, when it comes to a 1-day TVL change, Quantus Lend enjoys the leading position in the DeFi market, claiming a stunning 244225% surge over the past twenty-four hours.

On the other hand, the NFT sales volume has dropped by 0.45% to touch the $4,179,130 mark. Even then, the top-selling NFT collection, Flying Tulip PUT, has gone through a 14.26% increase, touching $765,166.

XRP Ledger Bug Delays Batch Amendment, CP to Sell 10% True Corp Stake

Concurrently, the crypto industry has also recorded several other key developments across the globe over 24 hours. In this respect, a crucial bug in the Batch Amendment of XRP Ledger has affected signature validation, hindering mainnet deployment.

Moreover, Charoen Pokphand Group is poised to offload a ten percent stake in the telecommunications affiliate named True Corp. Moreover, an Oregon-based U.S. federal judge has released a ruling banning the U.S. Immigration and Customs Enforcement (ICE) from carrying out arrests without plausible cause.