Crypto Market Sees Persistent Downturn under ‘Extreme Fear’ Sentiment

The worldwide crypto sector is witnessing a continuous downtrend with notable losses across the top assets. Hence, the total crypto market capitalization has dropped by 0.36%, hitting the $2.3T mark. However, the 24-hour crypto volume stands at $114.98B, indicating a 15.76% increase. At the same time, the Crypto Fear & Greed Index accounts for 8 points, within the ‘Extreme Fear’ territory.

Bitcoin ($BTC) Drops by 0.74% and Ethereum ($ETH) Sees 0.17% Dip

Specifically, the leading crypto asset, Bitcoin ($BTC), is trading at $67,052.69. This shows a 0.74% dip over the past 24 hours while $BTC’s market dominance is 58.4%. In addition to this, the leading altcoin, Ethereum ($ETH), is now changing hands at $1,966.64, indicating a 0.17% decrease. In the meantime, the market dominance of $ETH is nearly 10.3%.

$TRUMP, $DOGS, and $ELEVATE Dominate Crypto Gainers of Day

Simultaneously, the leading crypto gainers take into account TRUMP MOG ($TRUMP), HARRIS DOGS ($DOGS), and Elevate ($ELEVATE). Particularly, $TRUMP has jumped by a staggering 1310.47% to reach $0.0006393. Additionally, $DOGS is 1364.97% up at $0.1026. Subsequently, a 876.10% rise has placed $ELEVATE’s price at $0.09070.

DeFi TVL Plunges by 0.90% and NFT Sales Volume Records 18.65% Drop

Apart from that, the DeFi TVL is 0.90% down at $95.836B. Additionally, the top DeFi project in the case of TVL, Aave, has plunged by 1.34%, reaching $27.384B. Nonetheless, when it comes to 1-day TVL change, zkFox is the top player, displaying an 8678521% increase over the past twenty-four hours.

Contrarily, the NFT sales volume has hit the $7,070,889 figure after an 18.65% dip. In the same vein, the top-selling NFT collection, Flying Tulip PUT, has gone through a 64.13% decrease, touching $1,030,066.

U.S. House Moves to End Canada Tariffs; Thailand Recognizes Crypto in Derivatives Market

Concurrently, the crypto sector has also recorded many other key developments over 24 hours. In this respect, the U.S. House has approved the policy to terminate the Canada tariffs of President Donald Trump.

Moreover, Ark Invest has bought additional 57,164 Bullish shares to bolster exposure amid 16.76% jump in the stock amid a wider equity market surge. Furthermore, the Finance Ministry of Thailand has authorized cryptocurrencies as underlying assets across the capital derivatives markets.