Crypto Market Posts Modest Gains Amid Fearful Investor Sentiment

The crypto sector has witnessed a relatively cautious sentiment over the past 24 hours, as the latest statistics suggest. Hence, cumulative crypto market capitalization has reached $2.56T, after a 1.45% increase. Nonetheless, the 24-hour crypto volume now accounts for $77.89B, expressing a 4.23% decrease. At the same time, the Crypto Fear & Greed Index is now standing at 38 points, showing “Fear” among the market participants.

Bitcoin ($BTC) Rises by 0.63%, While Ethereum ($ETH) Sees 0.89% Dip

Specifically, the leading crypto asset, Bitcoin ($BTC), is currently changing hands at $77,213.11. This price level underscores a 0.63% increase while Bitcoin’s ($BTC) market dominance accounts for 59.9%. Nonetheless, the flagship altcoin, Ethereum ($ETH), is now trading at $2,099.98, highlighting a 0.89% decrease. In the meantime, the market dominance of Ethereum ($ETH) sits at 10.0%.

$ELX, $GROK, and $BASE Lead Crypto Gainers of Day

Apart from that, the list of today’s key crypto gainers includes Elixir ($ELX), TRUMP GROK ($GROK), and Base AI ($BASE). Particularly, $ELX has jumped by a staggering 316.31%, reaching the price level of nearly $0.004098. Subsequently, $GROK is currently hovering around $0.00006899, after a 298.34% rise. Following that, $BASE’s 295.39% increase has placed its price at $0.0004167.

DeFi TVL Surges by 0.11%, Whereas NFT Sales Volume Drops by 0.87%

Simultaneously, the DeFi TVL has seen a 0.11% increase, hitting the $81.968B mark. However, the top DeFi project in terms of TVL, Lido, has dipped by 0.52% to touch $18.706B. However, when it comes to 1-day TVL change, Interest Protocol is the leading DeFi project, claiming a stunning 32269% increase over the past 24 hours.

On the other hand, the NFT sales volume is 0.87% down at $6,573,351. Similarly, the top-selling NFT collection, Courtyard, is 8.61% down at $787,342.

Tether Backs LemFi’s $USDT Payments, FDIC Pushes Stricter Stablecoin Rules

Moving on, the crypto sector has also witnessed many other crucial developments around the world over the past 24 hours. In this respect, Tether is backing LemFi, a notable fintech platform, to broaden $USDT-led settlements across Asia and Africa.

Moreover, the FDIC is pushing forward a proposed Bank Secrecy Act rule that requires FDIC-supervised platforms issuing stablecoin to maintain their CFT/AML programs, reporting obligations, and sanctions controls. Furthermore, India is implementing stringent crypto regulations, as the government has flagged the crypto network as a high-risk system.