Crypto Market Experiences High Volatility Amid Overwhelming Fear Sentiment

The crypto landscape is again undergoing notable volatility, as the latest 24-hour data reveals. Hence, the total crypto market capitalization has dropped by 1.00% to reach the $2.32T mark. In addition to this, the 24-hour crypto volume has plunged by 9.25% to hit $114.36B. At the same time, the Crypto Fear & Greed Index is currently standing at 19 points, showing “Extreme Fear” among the market participants.

Bitcoin ($BTC) Drops by 1.91% and Ethereum ($ETH) Sees 2.40% Dip

The flagship crypto asset, Bitcoin ($BTC), is currently changing hands at $67,797.81. This price indicates a 1.91% dip while the market dominance of Bitcoin accounts for 58.5%. Additionally, the leading altcoin, Ethereum ($ETH), is now trading at $1,959.53, showing a 2.40% drop. In the meantime, $ETH’s market dominance is 10.2%.

$PI, $TRUMP, and $MUBARAK Lead Crypto Gainers of Day

Apart from that, the leading crypto gainers of the day include PI TRUMP ($PI), PEPE ($TRUMP), and Mubarak ($MUBARAK). Specifically, $PI has jumped by a staggering 1243.18%, hitting the $0.000004194 mark. Subsequently, $TRUMP’s price now stands at $0.0001107, denoting a 1068.49% rise. Following that, a 1029.16% increase has placed $MUBARAK’s price at the $0.01609 mark.

DeFi TVL Slumps by 1.23% and NFT Sales Volume Records 22.42% Decrease

Simultaneously, the DeFi TVL has plunged by 1.23%, attaining the $94.243B mark. In addition to this, the top DeFi project in terms of TVL, Aave, has witnessed a 1.75% decrease, touching the $26.513B spot. Nonetheless, when it comes to the 1-day TVL change, Elara sits at the top position in the DeFi sector, claiming the stunning 730% rise over the past twenty-four hours.

On the other hand, the NFT sales volume has plunged by 22.42%, hitting $4,911,687. Additionally, the top-selling NFT collection, Flying Tulip PUT, presents an 8.55% while accounting for $1,726,846.

South Korean Kosdaq and Kospi Dip 10% Amid Middle East Tensions, Upbit Announces Listing of $EDGE

Moving on, the market has also seen many other developments around the world over 24 hours. In this respect, South Korea’s Kosdaq and Kospi have dropped over ten percent in Seoul, igniting a circuit breaker, while indexes witnessed their worst trading session since August 2024 amid the broader Middle East Crisis.

Moreover, Upbit, the biggest crypto exchange of South Korea, is listing the $EDGE coin on 3 diverse markets. Furthermore, Eric Halem, a former cop from the LAPD has been found guilty of a $350K cryptocurrency theft and abduction.

Source: https://blockchainreporter.net/crypto-market-experiences-high-volatility-amid-overwhelming-fear-sentiment/