Crypto Market Further Dips as Fear Grows

The worldwide crypto sector is going through a very turbulent phase, as the latest 24-hour market data suggests. Hence, the total crypto market capitalization has dropped by 0.77%, reaching $3T. In addition to this, the 24-hour crypto volume has touched $53.51B after a 49.23% dip. At the same time, the Crypto Fear & Greed Index stands at 34 points, presenting growing “Fear” across the market.

Bitcoin Dips by 0.95%and Ethereum Witnesses 0.60% Drop

Particularly, the leading cryptocurrency, Bitcoin ($BTC), is trading at $88,868.46. This underscores a 0.95% drop while Bitcoin’s market dominance accounts for 59.2%. Additionally, the flagship altcoin, Ethereum ($ETH), is changing hands at $2,942.49, presenting a 0.60% decrease. In the meantime, its market dominance is nearly 11.8%.

$PF, $CAT, and $TOMI Dominate Crypto Gainers of Day

Simultaneously, the top crypto gainers of the day include Purple Frog ($PF), NOT ($CAT), and TOMI ($TOMI). Specifically, $PF has spiked by a staggering 4679.74% to reach $0.001198. Subsequently, $CAT’s 1499.02% rise has placed its price at $0.9385. Following that, $TOMI is now hovering around $0.000000001862 after a 1523.07% increase.

DeFi TVL Records 0.59% Rise While NFT Sales Volume Plunges by 24.60%

Apart from that, the DeFi TVL has jumped by 0.59%, touching $120.519B. Additionally, the top DeFi project in terms of TVL, Aave, has seen a 2.44% increase, hitting $34.096B. However, when it comes to 1-day TVL change, HLiquity is the top DeFi player, accounting for a stunning 985653801609% over the past twenty-four hours.

On the other hand, the NFT sales volume has plunged by 24.60%, attaining the $8,036,336 figure. In the same vein, the top-selling NFT collection, Flying Tulip PUT has reached $1,102,807 following a 67.33% slump.

Colombian Pension Fund Adds Bitcoin Exposure, Binance Restores Australia Banking

Moving on, the crypto sector has also experienced many other influential developments across the globe. In this respect, Colombia’s 2nd-biggest pension fund management firm, AFP Protección, plans to unveil a fund with $BTC exposure with portfolio diversification.

Moreover, Binance is restoring real-time bank transactions for users in Australia. Furthermore, Avalanche Spot ETF ($VAVX) of VanEck is poised to start trading next Monday on Nasdaq.