Crypto Market Sees Return of Stability after Huge Sell-Offs Last Week

Following a violent downtrend of the last week, the crypto sector is witnessing cautious optimism with slight dips across major assets. Hence, the total crypto market capitalization is 1.12% down at $2.38T. However, amid the rising market activity, the 24-hour crypto volume has increased by 20.20%, reaching $112.55B. At the same time, the Crypto Fear & Greed Index stands at 10 points, showing “Extreme Fear” among the market participants.

Bitcoin ($ETH) Drops by 0.75% and Ethereum ($ETH) Sees 0.97% Dip

Particularly, the leading cryptocurrency, Bitcoin ($BTC), is currently trading below the $70K mark at $69,589.10. This price level presents a 0.75% dip while the market dominance of $BTC sits at 58.6%. In addition to this, the price of the top altcoin, Ethereum ($ETH), is nearly $2,064.80 after a 0.97% drop. In the meantime, $ETH’s market dominance is 10.5%.

Top Daily Crypto Gainers Include $CPM, $PF, and $DOODI

Apart from that, the list of today’s prominent crypto gainers includes Crypto Pump Meme ($CPM), Purple Frog ($PF), and Doodipals ($DOODI). Specifically, $CPM accounts for a stunning 4403.35% rise while hovering around $0.00001490. Subsequently, a 2091.85% increase in $PF’s price has placed it at $0.0004592. Following that, after a 944.97% surge, $DOODI is trading at $0.0003245.

DeFi TVL Plunges by 0.52% While NFT Sales Volume Records 36.28% Spike

Simultaneously, the DeFi TVL has dipped by 0.52%, touching the $98.284B mark. Even then, the top DeFi project in terms of TVL, Aave, has spiked by 0.66%, attaining the $28.644B spot. Nevertheless, when it comes to 1-day TVL change, SectorOne has claimed the top position, accounting for a staggering 2029% spike over the past twenty-four hours.

In the same vein, the NFT sales volume is 36.28% up at the $8.817,352 mark. Additionally, the top-selling NFT collection, Flying Tulip PUT, has surged by 223.34% to hit the $2,361,973 mark.

Binance Adds $300M BTC to Protection Fund, Ripple Expands Custody Support

Concurrently, several other crypto-related developments have also taken place across the globe during the past 24 hours. In this respect, Binance has added $300M in $BTC to its consumer protection fund.

Moreover, a California-based federal judge has sentenced a 20-year imprisonment for Daren Li, who possesses dual nationality of St. Kitts and Nevis and China, over running a crypto scam of $73M. Furthermore, Ripple is boosting its institutional custody, HSM, and staking support in partnership with Securosys and Figment.