Crypto Market Sees Steady Performance Despite Extreme Fear

The past 24 hours have witnessed a steady development across the crypto market. Hence, the cumulative crypto market capitalization has increased by 0.64%, reaching $2.13T. Nonetheless, the 24-hour crypto volume currently stands at $74.87B, showing a 13.57% drop. At the same time, the Crypto Fear & Greed Index accounts for 15 points, indicating “Extreme Fear” among the traders.

Bitcoin Rises by 0.90%, and Ethereum Sees 0.51% Increase

Bitcoin ($BTC), the leading crypto asset, is now trading at $61,952.11. This price level highlights a 0.90% jump while the market dominance of $BTC is sitting at 58.4%. In addition to this, the top altcoin, Ethereum ($ETH), has surged by 0.51%, touching $1,635.50. In the meantime, Ethereum’s ($ETH) market dominance is nearly 9.3%.

$GPT, $J, and $MEC Dominate Crypto Gainers of Day

The list of today’s prominent crypto gainers includes ArbGPT ($GPT), Jambo ($J), and Mellion Coin ($MEC). Particularly, $GPT has jumped by a stunning 200.05% to reach $0.00003599 mark. Following that, a 197.82% increase has placed $J’s price at $0.002611. Subsequently, $MEC is now hovering around $24.87, expressing a 191.44% spike.

DeFi Market Slumps by 1.16%, and NFT Sales Volume Undergoes 6.9% Dip

The Decentralized Finance (DeFi) market has dropped by 1.16%, hitting the $69.774B spot. In the same vein, the top DeFi project in terms of TVL, Lido, is 1.68% down while accounting for $14.367B. However, when it comes to 1-day TVL change, Artemis Protocol has become the top DeFi platform, attaining a staggering 14141% surge.

On the other hand, the NFT sales volume has plunged by 6.9%, touching $1,462,484. Additionally, Courtyard.io emerged as the leading NFT collection in terms of 24-hour volume, reaching $308,843.

PiggyBank Promises Client Compensation After $LAB Incident, Bitmine Adds $41M in Ethereum

The crypto industry has also witnessed many other key developments across the globe over the past 24 hours. In this respect, PiggyBank, a popular DeFi yield platform, has disclosed a $LAB manipulation that led to a 15% drawdown, while also pledging compensation for affected users.

Moreover, Bitmine has purchased $41M in $ETH while driving its treasury expansion. Furthermore, White House has ordered a federal AI testing agency to halt issuing public reports on cutting-edge AI model assessments while referring to national security apprehensions.