Crypto Market Slides as Fear Grows as Bitcoin and Ethereum Decline

The worldwide crypto market is facing significant downward pressure. Hence, the total crypto market capitalization has plunged by 2.79% over the past 24 hours, reaching $2.96T.  However, the 24-hour crypto volume presents a 34.46% increase, hitting $101.19B. At the same time, the Crypto Fear & Greed Index is standing at 29 points, highlighting noteworthy “Fear” across the market.

Bitcoin Drops by 3.21% and Ethereum Sees 3.22% Dip

Particularly, the leading crypto asset, Bitcoin ($BTC), is changing hands at $87,132.72. This price level indicates a 3.21% dip while $BTC’s market dominance is 58.9%. In addition to this, the flagship altcoin, Ethereum ($ETH), is currently trading at $2,937.44, presenting a 3.22% drop. In the meantime, $ETH’s market dominance reportedly accounts for 12.0%.

$TSLA, $JOJO, and $CLNX Lead Today’s Top Crypto Gainers

Apart from that, Tesla ($TSLA), JoJoWorld ($JOJO), and Coloniume Network ($CLNX) are leading the top crypto gainers of the day. Specifically, $TSLA has jumped by a staggering 3768.01%, hitting $0.2868. Subsequently, $JOJO is now hovering around $0.2957 following a 913.31% rise. Following that, $CLNX has witnessed a 748.04% surge, touching the $0.1225 mark.

DeFi TVL Records 1.08% Plunge and NFT Sales Volume Experiences 3.72% Slump

Simultaneously, the DeFi TVL has dropped by 1.08%, attaining the $117.475B spot. Additionally, the top DeFi project in terms of TVL, Aave, has dipped by 0.48%. Nonetheless, when it comes to 1-day TVL change, Brise Swap occupies the 1st position within the DeFi landscape, accounting for a stunning 4449170283283979776% increase over the past twenty-four hours.

On the other hand, the NFT sales volume has recorded a 3.72% slump, claiming the $10,932,598 figure. In the same vein, the top-selling NFT collection, DMarket, has gone through a 48.67% dip, reaching $1,981,514.

Maxine Waters Seeks SEC Hearing Over Crypto Cases, ZachXBT Trails Back $2M Scam to Potential Support from Coinbase

Moving on, the crypto industry has also seen several other influential developments over the past 24 hours. In this respect, the U.S. Representative, Maxine Waters, has demanded a hearing with Paul Atkins, the SEC Chair, highlighting apprehensions over the dismissal of crypto-related cases.

Moreover, ZachXBT, a popular blockchain investigator, has tracked an apparent Coinbase support for a $2M scam. Furthermore, Lighter, a renowned decentralized perpetual exchange, has unveiled its flagship $LIT token to connect DeFi infrastructure and traditional finance (TradFi).