The crypto sector is showing a fascinating combination of caution and optimism, as the latest 24-hour data suggests. Hence, the total crypto market capitalization has reached the $2.42T mark after a 2.51% rise. In addition to this, the 24-hour crypto volume is now 8.01% up at $97.26B. At the same time, the Crypto Fear & Greed Index stands at 13 points, expressing “Extreme Fear” driving the market.
Bitcoin ($BTC) Surges by 2.12% and Ethereum ($ETH) Sees 1.63% Increase
Particularly, the flagship crypto asset has ultimately jumped above the $70K mark while trading at $70,322.81. This indicates a 2.12% growth, while the market dominance of $BTC accounts for 58.2%. Additionally, the leading altcoin, Ethereum ($ETH), is now trading at $2,088.29, displaying a 1.63% rise. In the meantime, $ETH’s market dominance sits at 10.4%.
$TURBO, $PF, and $PENGU Dominate Crypto Gainers of Day
Apart from that, the crypto gainers of the day include TURBO BOME ($TURBO), Purple Frog ($PF), and PENGU AI ($PENGU). Specifically, $TURBO has surged by 5471.20%, hitting the $0.00001254 mark. Subsequently, $PF’s price is $0.0004487 after a 1791.60% increase. Following that, a 1308.05% spike has placed $PENGU’s price at $0.00009607.
DeFi TVL Jumps by 0.44% While NFT Sales Volume Records 59.83% Slump
Simultaneously, the DeFi TVL has climbed by 0.44% to reach $97.681B. Nonetheless, the top DeFi project in the case of TVL, Aave, is 0.86% down at $27.58B. Even then, when it comes to 1-day TVL change, Brise Swap is leading the DeFi landscape, claiming a 3488884155253707264% increase over the past twenty-four hours.
On the other hand, the NFT sales volume has gone through a 59.83% plunge, touching the $7,095,996 spot. In the same vein, the top-selling NFT collection, Flying Tulip PUT, is hovering around $2,733,261 after a 79.73% decrease.
SpaceX Gains Vietnam Starlink Approval, Polkadot Faces Broader Unfollow Trend
Moving on, the crypto sector has also experienced many other crucial developments around the world over 24 hours. In this respect, SpaceX of Elon Musk has gained approval from the government of Vietnam to unveil Starlink satellite internet service.
Moreover, Hydration, the new liquidity protocol of Polkadot, has witnessed a wider trend of unfollows among the key personalities on X. Furthermore, MultiBank is set to unlock up to 25M tokens on the 22nd of February.
Source: https://blockchainreporter.net/crypto-market-fluctuates-around-2-42t-despite-extreme-fear/
