Crypto Sector Sees Short-Term Dip In Market Cap As Sentiment Wanes

The cryptocurrency market is witnessing a considerable downtrend, as the 24-hour data suggests. In this respect, the total crypto market capitalization has reached $3.89T after a 1.63% dip. However, the 24-hour crypto volume has surged by 59.58% to reach the $218.55B mark. Concurrently, the Crypto Fear & Greed Index has further dropped to 40 points within the “Neutral” zone.

Bitcoin Drops by 1.31% and Ethereum Witnesses 2.10% Decrease

Particularly, Bitcoin ($BTC) is changing hands at $112,902.78. This price level indicates a 1.31% decrease while the top crypto asset’s dominance sits at 57.8%. In addition to this, the leading altcoin, Ethereum ($ETH), is now trading at $4,193.06. This presents a 2.10% drop in the meantime, while it accounts for 13.0% market dominance.

$THUG, $PEEPO, ad $CLNX Dominate Crypto Gainers

Simultaneously, the crypto gainers of the day take into account THUG ($THUG), Peepo ($PEEPO), and Coloniume Network ($CLNX) in the top positions. Specifically, $THUG has jumped by a staggering 1668.70%, reaching $0.0000004080.

Subsequently, $PEEPO is now trading at $0.0002289 after a 642.93% rise. Following that, $CLNX has surged to $0.4179 after a 523.50% increase.

DeFi TVL Slumps by 3.65% and NFT Sales Volume Records 0.86% Jump

Apart from that, the DeFi TVL has plunged by 3.65%, reaching the $153.557B spot. Additionally, the top DeFi project in terms of TVL, Aave, has also seen a 3.21% dip, attaining the $40.469B figure. Nonetheless, when it comes to 1-day TVL change, HipPoWSwap stands in the top position among the DeFi projects, accounting for a stunning $14335813% growth over twenty-four hours.

 Along with that, the NFT sales volume has witnessed a slight 0.86% rise, touching $13,602,931. However, the top-selling NFT collection, DMarket, has recorded a 5.36% slump at $912,658.

Binance Plans to Launch Hemi Protocol and $BNB Airdrop While Trump Family-Driven WLFI to Unveil Debit Card

Moving on, the crypto market has also seen many influential developments over 24 hours. In this respect, on September 23rd, Binance is planning to roll out a modular L2 Hemi Protocol to offer trading pairs for key currencies along with a significant $BNB airdrop.

Moreover, UAE has committed to OECD-built worldwide crypto taxation data-sharing agenda, Crypto-Asset Reporting Framework (CARF). Furthermore, the Trump family-led World Liberty Financial (WLFI) is going to release a debit card and retail app in the near term.