Crypto Market Takes a 6.55% Hit as Fear Rises
The crypto market has dropped again as fear spreads among traders. The total market value is now $2.95 trillion, falling 6.55% in the last 24 hours.
Even with the drop, trading activity has jumped 14.68%, hitting $210.9B in daily volume.
The Crypto Fear & Greed Index sits at 11, showing Extreme Fear, meaning many investors are panicking.
Bitcoin and Ethereum Drop Over 7%
• Bitcoin (BTC) is now trading at $86,240.46, down 7.02%, but still leads the market with 58.2% dominance.
• Ethereum (ETH) is at $2,827.80, falling 7.08%, with 11.5% dominance.
Biggest Gainers: $AXOME, $PAYAI, $DOGEX
While major coins fell, some lesser-known tokens skyrocketed:
• $AXOME surged 4066.20% to $0.0002970
• $PAYAI jumped 2326.99% to $0.01246
• $DOGEX climbed 883.08% to $0.0000001369
These tokens are currently leading the gainers’ chart.
DeFi TVL Drops 4.12%, NFT Sales Fall 1.29%
• The total value locked (TVL) in DeFi dipped 4.12% to $116.487B.
• Aave, the top DeFi protocol, fell 3.31% to $30.824B.
• Meanwhile, pSTAKE Finance recorded a shocking 34,974,507% increase in 24-hour TVL.
On the NFT side:
• NFT sales volume dropped 1.29% to $11.16M.
• DMarket remained on top, rising 2.06% to $874,497.