Crypto Sector Struggles As Extreme Fear Storms Investor Sentiment

BTC-2,85%
ETH-2,99%

The worldwide crypto market is displaying significant fragility as the latest 24-hour data presents a relatively bearish momentum. Hence, the total crypto market capitalization has dropped by 0.10% to reach $2.33T. In addition to this, the 24-hour crypto volume is currently sitting at $51.42B, signifying a 48.26% dip. At the same time, the Crypto Fear & Greed Index presents “Extreme Fear” while accounting for just 14 points.

Bitcoin ($BTC) Surges by 0.10% and Ethereum ($ETH) Experiences 0.53% Rise

Particularly, the leading cryptocurrency, Bitcoin ($BTC), is now trading at $67,877.54. This price level indicates a 0.10% rise, while the market dominance of $BTC is nearly 58.4%. In addition to this, the flagship altcoin, Ethereum ($ETH), is currently changing hands at $1,972.13, presenting a 0.53% increase. In the meantime, $ETH’s market dominance stands at up to 10.2%.

$TSLA, $LYNX, and $TRUMP Dominate Crypto Gainers of Day

Apart from that, the top crypto gainers of the day take into account Tesla ($TSLA), Lynex ($LYNX), and TRUMP MOG ($TRUMP) Specifically, $TSLA is now hovering around $0.1147 after a staggering 1571.26% surge. Following that, $LYNX has jumped by 1208.44%, reaching $0.01414. Subsequently, a 1039.68% increase has placed $TRUMP’s price at $0.001571.

DeFi TVL Jumps by 0.23% While NFT Sales Volume Drops by 16.60%

Simultaneously, the DeFi TVL is 0.23% up, attaining the $95.64B figure. Additionally, the top DeFi project in the case of TVL, Aave, has seen a 0.31% increase to touch the $26.37B mark. However, when it comes to 1-day TVL change, Brise Swap is the dominant player in the DeFi sector, claiming the stunning 3095333185297438720% spike over the past twenty-four hours.

On the other hand, the NFT sales volume has dipped by 16.60%, hitting the $30,249,216 mark. Additionally, the leading NFT collection, Flying Tulip PUT, has plunged by 20.30%, reaching the $23,694,489 spot.

Stripe’s Bridge Platform Gets Conditional Authorization from OCC, EigenCloud to Unlock $7.5M in $EIGEN Tokens

Concurrently, the crypto industry has also witnessed several critical developments over 24 hours. In this respect, the Bridge platform of Stripe has obtained the conditional authorization from the Office of the Comptroller of the Currency (OCC) to move toward a national bank that is federally chartered.

Moreover, EigenCloud plans to unlock up to 38.35M $EIGEN tokens, accounting for $7.5M. Furthermore, Audiera is to unlock nearly 21.25M tokens, equaling a $5.22M in value.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Millions Quietly Gear Up for Pi Network's Big Leap

More users are still preparing to the Pi Network global vision as they approach more adoption. New updates regarding the migration progress and ecosystem expansion throughout the network boosted the level of community discussions. Pi Network Global Vision gets a good Community Momentum The Pi Net

Coinfomania26m ago

Solana on-chain Chinese meme coin "My Sword and Shield" 24-hour increase reaches 240%, market cap surpasses $6 million

In recent years, the Meme coin "My Sword and Shield" in the Solana ecosystem has increased in market capitalization from $1.8 million to $6.6 million, with a 24-hour increase of 240%. Currently, the market cap is $5.6 million, and the coin has been listed for only 6 days. On-chain traders bought in at low prices and are now making a profit of approximately $7,930. Meanwhile, the same-named Meme coin on the BSC chain has also risen by 57%. Investors should be aware of the high volatility and risks associated with Meme coins.

GateNews44m ago

The overall crypto market slightly declined, while the AI sector rose nearly 2% against the trend.

On March 6th, the cryptocurrency market experienced a slight decline overall, with Bitcoin falling below $72,000 and Ethereum dropping below $2,100. The AI sector performed notably well, with Siren rising 32.75% and Kite increasing 25.06%. Layer2, GameFi, CeFi, and DeFi also saw small gains.

GateNews1h ago

CleanSpark sells 97% of February Bitcoin production to fund $36.65 million AI transformation

CleanSpark produced 568 Bitcoins in February, sold 553, setting a new sales ratio high, and generated approximately $36.65 million in cash to support expansion into AI and high-performance computing data centers. Currently holds 13,363 Bitcoins, with operational computing power reaching 50 EH/s, accounting for 7% of the global total computing power.

GateNews1h ago

Today, the cryptocurrency Fear and Greed Index dropped to 18, and the market remains in extreme fear.

Gate News reports that on March 6th, according to Alternative.me data, the cryptocurrency Fear and Greed Index dropped to 18 today (March 6th), down from 22 yesterday (March 5th), indicating that the market remains in a state of "extreme fear."

GateNews1h ago

Cardano may become one of X Money's best crypto partners, helping Musk build a global payment super app

X Money is coming soon. The analysis platform TapTools believes that Cardano is suitable for integration with it to support global payment needs. Cardano offers high transaction throughput, low fees, and sustainability, providing decentralized and secure payments. The community has responded enthusiastically. Although the supported blockchain has not yet been confirmed, X Money could become an important milestone in the cryptocurrency industry.

GateNews1h ago
Comment
0/400
No comments