The crypto market appears resilient, navigating through a slight downturn with steady movement. As of now, the cumulative crypto market capitalization stands at $3.39 trillion, reflecting a minor dip of 0.37% over the past 24 hours. Furthermore, trading volume has notably decreased by 38.85%, landing at $97.08 billion. Despite these changes, the crypto Fear and Greed index remains robust at 67 points, indicating a prevailing sentiment of “greed” among investors.
Bitcoin Sees 0.18% Decrease and Ethereum Witnesses 1.47% Dip
Bitcoin ($BTC) has mirrored the general market trend with a price drop of 0.10%, now sitting at $108,111.61. This decline has resulted in Bitcoin’s market dominance accounting for 63.3%. Ethereum ($ETH), on the other hand, has experienced a steeper 1.47% decline to reach $2,513.11, with its market dominance currently at 8.9%. These movements in the two largest cryptocurrencies exemplify the slight pullback experienced across the market.
$BEER, $SISC, and $MAGA Dominate Daily Crypto Gainers
Amidst the fluctuations, several altcoins have made significant gains. Beers ($BEER), Shirushi Coin ($SISC), and TRUMP MAGA ($MAGA) have emerged as the top gainers of the day. $BEER has surged a staggering 532.01%, reaching a price of $0.00003612, while $SISC has skyrocketed with a 537.83% increase, currently priced at $0.4152. Additionally, $MAGA has risen by 488.02%, hitting the $0.002889 mark. Such performance indicates a potential shift in market interest towards these emerging assets.
DeFi TVL Records 0.16% Rise While NFT Sales Volume Plunges by 2.39%
In the decentralized finance (DeFi) sector, the total value locked (TVL) has seen a slight increase of 0.16%, bringing it to $116.623 billion. AAVE continues to dominate this space, boasting the highest TVL at $24.69 billion. Notably, Tangible has made headlines with an extraordinary 5556% increase in TVL over the past day, showcasing its growing popularity. Conversely, the NFT market is experiencing a downturn, with a decline of 2.39% in sales volume. Currently, Courtyard stands as the leading NFT collection, with a sales volume reaching $2,753,907.
Wynn Loses $13.4M on BTC Bet, and Solana Unveils Trust-Boosting Attestation Service
Recent developments in the crypto industry have raised eyebrows, particularly regarding the significant losses incurred by a prominent trader. James Wynn, known for his substantial bets in the market, recently exited a $1.25 billion Bitcoin bet, suffering a loss of $13.4 million. This incident emphasizes the inherent risks associated with trading in the volatile crypto landscape. Additionally, Solana has taken steps to enhance on-chain trust by introducing the “Solana Attestation Service (SAS),” an innovative identity layer aimed at fostering greater transparency. Another notable development comes from SoftBank, which has proposed establishing a U.S.-Japan mutual sovereign fund to bolster tech investments—potentially impacting the crypto sphere in the long run.
