The worldwide crypto sector is going through a massive downturn, as the exclusive market statistics point out. In this respect, the total crypto market capitalization has hit $2.36T after a 2.40% drop. However, the 24-hour crypto volume stands at $92.96B, displaying a 9.24% increase. At the same time, the Crypto Fear & Greed Index accounts for 28 points, highlighting “Fear” among the market participants.
Bitcoin ($BTC) Drops by 1.98% and Ethereum ($ETH) Sees 2.68% Decrease
The flagship cryptocurrency, Bitcoin ($BTC), is now trading at $68,567.26. This price level shows a 1.98% decrease, while the market dominance of $BTC sits at 58.3%. Additionally, the leading altcoin, Ethereum ($ETH), is currently changing hands at $2,059.24, expressing a 2.68% drop. In the meantime, $ETH’s market dominance is 10.5%.
$BPX, $BDAG, and $TSLA Lead Crypto Gainers of Day
Apart from that, the top crypto gainers of the day include Black Phoenix ($BPX), BlockDAG Network ($BDAG), and Tesla ($TSLA). Particularly, a staggering 3704.15% increase has placed $BPX’s prices at $0.1617. Following that, $BDAG is now hovering around $0.04875 after a 1681.15% rise. Subsequently, $TSLA presents a 1111.31% surge at $12.28.
DeFi TVL Slumps by 2.4% and NFT Sales Volume Records 7.58% Decline
Simultaneously, the DeFi TVL expresses a 2.4% decrease while attaining the $94.028B spot. In addition to this, the top DeFi project in the case of TVL, Aave, has plunged by 1.82%, touching $24.632B. Nonetheless, when it comes to 1-day TVL change, Ball Exchange gets the top place in the DeFi market, claiming the stunning 224148% spike over the past twenty-four hours.
On the other hand, the NFT sales volume has experienced a 7.58% slump, touching $5,181,048. Similarly, the top-selling NFT collection, Courtyard, is 24.49% down at $773,878.
India Detains Crypto Fraud Suspect, UK Sanctions Xinbi Over Illegal Flows
The crypto sector has also witnessed several other key developments over the past 24 hours. In this respect, Indian authorities have detained a suspect linked to Myanmar-based crypto scam. Moreover, the U.K. has sanctioned Xinbi, the market that processed nearly $20B in illegal flows dealing with crypto products from 2021 to 2025. Further, the U.S. Federal Judge Rita Lin has provisionally blocked the Pentagon’s ban on Anthropic.
Source: https://blockchainreporter.net/crypto-market-drops-as-btc-and-eth-fall-with-persisting-fear-index/
