Crypto Market Records Cautious Momentum on New Year’s Eve With Slight Dip

The crypto market has witnessed caution among the participants on New Year’s Eve. Hence, the total crypto market capitalization has dropped by 0.71%, reaching $2.96T. In addition to this, the 24-hour crypto volume has also touched $86.04B after a 3.35% dip. At the same time, the Crypto Fear & Greed Index stands at 31 points, presenting “Fear” among the crypto community.

Bitcoin Dips by 0.91% While Ethereum Sees Slight 0.09% Rise

Bitcoin, the top crypto asset, has gone through a 0.91% price decrease. As a result, it is now changing hands at $87,557.43. Additionally, the market dominance of the flagship cryptocurrency accounts for 59.0%. Along with that, the leading altcoin, Ethereum ($ETH ), is trading at $2,977.91. This price level indicates a slight 0.09% increase. In the meantime, $ETH’s market dominance is hovering around 12.1%.

$BPX, $DOGO, and $FELIS Lead Crypto Gainers of Day

Apart from that, the list of today’s top crypto gainers includes Black Phoenix ($BPX), DOGO ($DOGO), and Felis ($FELIS). Thus, $BPX has experienced a stunning 3672.48% rise, reaching $2.80%. Following that, $DOGO’s current price is $0.000004174 after a 2018.14% spike. Subsequently, an 840.38% jump has placed $FELIS’ price at $0.0000002984.

DeFi TVL Rises by 1.03% While NFT Sales Volume Records 66.27% Plunge

Simultaneously, the DeFi TVL has recorded a 1.03% upsurge, claiming the $117.925B. Additionally, the top DeFi project, Aave, has spiked by 1.32%, hitting $32.867B. However, when it comes to 1-day TVL change, TaraPerps has gained the top position in the DeFi sector, attaining a staggering 165057% rise over the past 24 hours.

On the other hand, the NFT sales have dropped by a huge 66.27%, with total volume reaching $10,240,712. Even then, the top-selling NFT collection, Pudgy Penguins, has climbed by 252.41%, touching $788,054.

U.S. Senate Reviews Key Crypto-Focused Regulatory Policy and Digital Yuan Begins Paying Interest

Concurrently, the crypto sector has also witnessed several other noteworthy developments across the globe over 24 hours. In this respect, the U.S. Senate is reviewing the Senator Cynthia Lummis-sponsored “Responsible Financial Innovation Act,” which could reshape banking across the country with regulated services related to digital assets.

Moreover, the digital yuan of China has started paying interest via verified wallets, shattering CBDC orthodoxy. Furthermore, Hyperliquid Labs has planned the distribution of up to 1.2M $HYPE coins starting on the 6th of January.