Crypto Market Cap Falls to $2.17T as Extreme Fear Intensifies

The global crypto sector is witnessing a continuous downtrend, as the latest 24-hour data suggests. Hence, the total crypto market capitalization has hit $2.17T, indicating a 3.02% decline. In addition to this, the 24-hour crypto volume has plunged by 15.42%, reaching $122.15B. At the same time, the Crypto Fear & Greed Index has touched 18 points, entering the “Extreme Fear” zone amid growing concerns among investors.

Bitcoin ($BTC) Drops by 0.78% and Ethereum ($ETH) Sees 3.11% Dip

Particularly, the top crypto asset, Bitcoin ($BTC), is now changing hands at $63,426.82. This highlights a 0.78% decrease in price, while Bitcoin’s ($BTC) market dominance is standing at 58.0%. Additionally, the leading altcoin, Ethereum ($ETH), is now trading at $1,736.23, displaying a 3.11% dip. In the meantime, the market dominance of Ethereum ($ETH) is currently sitting at 9.6%.

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

Apart from that, the list of the key crypto gainers of the day includes Tesla ($TSLA), PEPE TRUMP ($TRUMP), and Hold BTC ($HBTC). Specifically, $TSLA has jumped by a staggering 418.05%, reaching a price of nearly $51.72%. Subsequently, a 417.98% increase has placed $TRUMP’s price at $0.00000008402. Following that, $HBTC is now hovering around $0.0000009255, showing a 308.15% rise.

DeFi TVL Slumps by 1.98% and NFT Sales Volume Records 8.65% Decrease

Simultaneously, the DeFi TVL has slumped by 1.98%, hitting $73.113B. Similarly, the top DeFi project in terms of TVL, Lido, is 0.78% down at $15.568B. However, when it comes to 1-day TVL change, Mirakle Defi has claimed the top position in the DeFi sector, accounting for a stunning 1824% surge over the past twenty-four hours.

On the other hand, the NFT sales volume has dropped by 8.65%, attaining the $1,642,229 mark. Along with that, the top-selling NFT collection, CryptoPunks, stands at $52,135.

Coinbase Eyes Crypto Mortgages, RLUSD Expands via Wormhole

Concurrently, the crypto industry has also seen many other key developments around the world over the past 24 hours. In this respect, Coinbase has partnered with the Federal National Mortgage Association, also called Fannie Mae, to introduce the earliest crypto-backed mortgage.

Moreover, Forward Industries, the largest $SOL treasury entity, has sold 445k $SOL ($31.87M) to Coinbase Prime following a 1-month period of inactivity. Furthermore, Ripple has collaborated with Wormhole for the multi-chain rollout of its native $RLUSD stablecoin across more than 40 blockchain networks.