The crypto sector has recorded a notable drop over the past 24 hours. Hence, the total crypto market capitalization has hit $2.3T after a 1.14% decrease. In addition to this, the 24-hour crypto volume is also 35.70% down, accounting for $56.38B. Concurrently, the Crypto Fear & Greed Index stands at 18 points, signifying “Extreme Fear” among the market members.
Bitcoin Drops by 1.29% and Ethereum Sees 1.36% Decrease
The top crypto asset, Bitcoin ($BTC), is now changing hands at $67,184.35. This price level indicates a 1.29% decrease, while the market capitalization of $BTC is sitting at 58.41%. Additionally, the flagship altcoin, Ethereum ($ETH), is currently trading at $1,951.19, presenting a 1.36% dip. In the meantime, $ETH’s market dominance accounts for 10.2%.
$TRUMP, $D, and $TRUMP Dominate Crypto Gainers of Day
Apart from that, the leading crypto gainers of the day include PEPE ($TRUMP), D ($D), and TRUMP AI ($TRUMP). Specifically, $TRUMP has made a staggering 1356.07% jump to hit the $0.001462 mark. Subsequently, $D’s price is now hovering around the $0.00001445 spot after a 1193.15% increase. Following that, a 917.00% spike has placed $TRUMP’s price at $31.69.
DeFi TVL Records 0.06% Plunge and NFT Sales Volume Slumps by 9.31%
Simultaneously, the DeFi TVL has witnessed a 0.06% decrease, reaching the $95.63B mark. In addition to this, the top DeFi project in terms of TVL, Aave, has seen a 1.13% rise, touching the $26.558B mark. Nonetheless, when it comes to 1-day TVL change, foxify, claims the top position in the DeFi sector, claiming the stunning 18499988029% increase over the past twenty-four hours.
On the other hand, the NFT sales volume has dropped by a 9.31% to reach $4,596,655. Additionally, the top-selling NFT collection, $X@AI BRC-20NFTs, sits at $372,196.
Cyber to Unlock 2.4M $CYBER Tokens on March 15 and U.S. Treasury Proposes DeFi Regulation Under GENIUS Act
Moving on, the crypto industry has gone through many other key developments across the globe over 24 hours. In this respect, Cyber ($CYBER) is poised to unlock almost 2.4M tokens on the 15th of March.
Moreover, Machi, a renowned crypto trader, has faced more than $29.9M in losses on a position on HyperLiquid that had a 25x leverage. Furthermore, the U.S. Treasury has filed a report to the Congess, suggesting the implementation of counter-terrorism financing and money laundering obligations on DeFi under the GENIUS Act.
Source: https://blockchainreporter.net/crypto-market-undergoes-further-dip-amid-overwhelming-fear/
