Crypto Market Cap Falls to $2.62T As Bitcoin and Ethereum Decline

The crypto industry is experiencing a significant downtrend, as the latest 24-hour data suggests. The total crypto market capitalization has hit $2.62T, showing a 1.77% decline. In addition to this, the 24-hour crypto volume has also decreased by 22.75%, reaching $84.23B. At the same time, the Crypto Fear & Greed Index is currently standing at 45 points, expressing “Neutral” sentiment among the market participants.

Bitcoin ($BTC) Drops by 1.06%, and Ethereum ($ETH) Sees 1.69% Dip

The flagship cryptocurrency, Bitcoin ($BTC), is now changing hands at $78,133.44. This price level indicates a 1.06% dip while the market dominance of Bitcoin ($BTC) is 60.2%. Additionally, the leading altcoin, Ethereum ($ETH), has also dropped by 1.69%, hitting $2,187.61. In the meantime, its market dominance sits at 10.2%.

$TRUMP, $TSLA, and $LABUBU Dominate Crypto Gainers of Day

Apart from that, the top crypto gainers of the day include PEPE TRUMP ($TRUMP), Tesla ($TSLA), and LABUBU ($LABUBU). Particularly, $TRUMP has jumped by a staggering 433.75% to reach $0.0000002076. Following that, $TSLA is changing hands at $76.28, showing a 352.41% increase. Subsequently, $LABUBU’s price has hit $0.005104 after a 288.97% surge.

DeFi TVL Plunges by 1.16%, While NFT Sales Volume Surges by 40.85%

Simultaneously, the DeFi TVL has dropped by 1.16%, touching $83.966B. In the same vein, the top DeFi project in terms of TVL, Lido, has plunged by up to 1.53%, attaining the $19.233B mark. However, when it comes to 1-day TVL change, Nyke Finance enjoys the top position in the DeFi sector, claiming a stunning 315365% increase over the past twenty-four hours.

Similarly, the NFT sales volume has spiked by 40.85%, reaching $11,376,642. Additionally, the top-selling NFT collection, $X@AGI BRC-20 NFTs, is 433388.60% up at $2,126,695.

Coinbase Removes 6 non-USD Trading Pairs, Thailand Conducts Crackdown on Illegitimate $BTC Operation

Moving on, the crypto market has also seen many other key developments across the globe over the past 24 hours. In this respect, Coinbase has eliminated 6 non-USD trading pairs, taking into account $ICP/$GBP and $ICP/$USDT.

Moreover, Thailand has raided an illegitimate $BTC mining operation following power losses of up to $80K. Furthermore, the Strategy Chairman, Michael Saylor, has encouraged the $BTC holders to offload their holdings to shield the long-term sustainability of the flagship crypto asset.