Crypto Market Sees Slight Upsurge While ‘Fear’ Remains Dominant

The global crypto sector has witnessed another wave of optimism with a slight spike over the past 24 hours. Hence, the cumulative crypto market capitalization has surged above $3T, showing a 1.35% rise. However, the 24-hour crypto volume has experienced a 25.15% dip, reaching $64.4B. At the same time, the Crypto Fear & Greed Index stands at 34 points, displaying “Fear” among the market members.

Bitcoin Surges by 1.17% and Ethereum Sees 1.21% Rise

Particularly, Bitcoin ($BTC), the flagship cryptocurrency, is trading at $88.578.25. This price indicates a 1.17% increase while $BTC’s market dominance is currently sitting at 58.9%. In addition to this, the top altcoin, Ethereum ($ETH), is changing hands at $3,010.83, suggesting a 1.21% spike. In the meantime, the market dominance of $ETH stands at 12.1%.

$CATX, $PENGU, and $ORTA Lead Daily Crypto Gainers

Simultaneously, CATX ($CATX), PENGU AI ($PENGU), and Orta Chain ($ORTA) are the dominant crypto gainers of the day. Specifically, $CATX has jumped by a staggering 1942.47%, hitting $0.000005145. Subsequently, with a 789.98% increase, $PENGU has touched $0.0006866. Following that, $ORTA’s price is $0.1314 after a 769.04% surge.

DeFi TVL Records 2.05% Spike While NFT Sales Volume Drops by 1.25%

In the same vein, the DeFi TVL has climbed by 2.05% to reach $120.153B. Along with that, the top DeFi project, Aave, has recorded a 2.51% jump, touching $33.693B. Nevertheless, when it comes to 1-day TVL change, MistSwap sits at the top position in the DeFi world, climbing by a stunning 11034% over the past twenty-four hours.

On the other hand, the NFT sales volume has plunged by 1.25%, claiming $9,488,587. Even then, the top-selling NFT collection, $X@AI BRC-20 NFTs, has made a huge 570406.15% jump, hitting $1,315,329.

South Korea to Reject U.S. Investments Threatening FX, Bitmine Lowers Prices of $BTC Mining Hardware

Concurrently, the crypto landscape has also gone through many other notable developments across the globe. In this respect, Rhee Chang, the South Korean central bank’s governor, declared to reject U.S. investments posing threats to the FX market.

Moreover, Bitmine is substantially decreasing prices across diverse hardware generations for Bitcoin ($BTC) mining amid the mounting industry pressure. Furthermore, Bahrain has unveiled satellite Direct-to-Device services, permitting normal mobile phones to link to satellites within the Gulf Cooperation Council (GCC).