The global crypto market is showing a significantly bearish outlook. Hence, the total crypto market capitalization has hit the $2.32T due to a 2.93% dip over the past 24 hours. In addition to this, the 24-hour crypto volume has also dropped by 15.18%, reaching $90.93B. At the same time, the Crypto Fear & Greed Index is currently standing at 19 points, presenting “Extreme Fear” among the market participants.
Bitcoin ($BTC) Drops by 3.07% and Ethereum ($ETH) Sees 4.01% Decrease
Particularly, the flagship crypto asset, Bitcoin ($BTC), is now trading at $68,084.06, indicating a 3.07% decrease. Additionally, the market dominance of $BTC sits at 58.5%. Along with that, the leading altcoin, Ethereum ($ETH), is now changing hands at $1,978.17, signifying 4.01% price dip. In the meantime, $ETH’s market dominance now accounts for 10.3%.
$XBTC, $TRUMP, and $PEPE Lead Crypto Gainers of Day
Apart from that, XenBitcoin ($XBTC), PEPE ($TRUMP), and PEPE AI ($PEPE) are the dominant among the key crypto gainers of the day. Specifically, $XBTC has surged by a staggering 1224.18% to hit $68,059.61. Following that, $TRUMP’s 1222.40% rise has placed its price at $0.0001048. Subsequently, $PEPE is now hovering around $0.0005743 aftera 1172.42%.
DeFi TVL Plunges by 2.31% and NFT Sales Volume Records 22.93% Drop
Simultaneously, the DeFi TVL has gone through a 2.31% decrease, touching the $95.937B mark. Additionally, the top DeFi project in terms of TVL, Aave, has slumped by 3.34%, claiming the $25.26B mark. However, when it comes to 1-day TVL change, Moby is the top player in the DeFi sector, accounting for a stunning 1511537081% jump over the past twenty-four hours.
On the other hand, the NFT sales volume has plunged by 22.93%, claiming the $5,430,775 spot. Even then, the top-selling NFT collection, “0xbb5…ca16f,” has seen a 43.98% rise to reach $369,382.
YZi Labs Invests $100M in BNB Fund of Hash Global, Kazakhstan Central Bank Plans $350M Crypto Investment
Concurrently, the crypto industry has experienced many other key developments across the globe. In this respect, YZi Labs is investing $100M in the BNB-focused fund of Hash Global. Moreover, the Kazakhstan Central Bank aims at a $350M investment in cryptocurrencies this Spring. Furthermore, Indiana is enforcing law permitting cryptocurrency in the national retirement plans.
Source: https://blockchainreporter.net/crypto-market-plunges-as-extreme-fear-controls-investor-sentiment/