Crypto Market Sees Minor Dip: Top Assets Experience Volatile Fluctuations
Crypto Market Experiences Minor Decline Amidst Notable Developments
The cryptocurrency market is currently experiencing a slight downturn, with the total market capitalization dipping by 0.03% to approximately $3.28 trillion. Over the past 24 hours, trading volume has also decreased by 5.12%, now standing at $92.86 billion. Meanwhile, the Fear & Greed index reflects a neutral sentiment at 49 points.
Bitcoin and Ethereum Face Price Reductions
Leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) have both seen declines in their prices. Bitcoin has dropped by 1.28%, settling at $106,971.84, while its market dominance remains at 64.9%. Ethereum, on the other hand, has experienced a 1.21% decrease, now priced at $2,465.66, with a market share of 8.9%.
Top Gainers: BPX, TAP, and GROK Surge
In contrast to the overall market trend, several cryptocurrencies have shown impressive gains. Black Phoenix (BPX) has skyrocketed by 4,152.28%, reaching a price of $2.77. The America Party (TAP) has also surged by 1,175.70%, now valued at $0.003035. Additionally, BOME GROK (GROK) has increased by 979.43%, trading at $0.0001267.
DeFi TVL and NFT Sales Experience Significant Drops
The Total Value Locked (TVL) in the DeFi sector has decreased by 0.34%, currently at $113.216 billion. AAVE continues to lead among DeFi protocols with a TVL of $24.966 billion. Interestingly, Brise Swap has reported an astonishing 14,067,669,843,447,080,960% increase in TVL over the past day.
Similarly, the NFT market has faced a dramatic decline, with sales volume plummeting by 52.36% to $12,667,469. The top-selling NFT collection, Courtyard, has seen its sales drop by 17.90%, now totaling $2,210,977.
Robinhood Expands Offerings for EU Clients Amid Legal Issues
In recent developments, Robinhood has introduced U.S. stock tokenization and ETFs for clients in the European Union, featuring popular stocks like Microsoft, Apple, and Nvidia. Additionally, the U.S. Department of Justice has charged four North Koreans with fraud, alleging they infiltrated a blockchain startup in Atlanta and stole nearly $1 million in cryptocurrency through deceptive developer identities. Furthermore, Senator Cynthia Lummis has proposed an amendment to Donald Trump’s “Big Beautiful Bill,” aiming to eliminate double taxation on rewards from mining and staking activities.
About the Author
Shahzaib Ahmed is a seasoned crypto journalist dedicated to delivering comprehensive analysis and news on blockchain technology and decentralized finance. With a sharp focus on detail, he provides insightful articles that delve into the latest trends, market dynamics, and innovations within the crypto landscape. His work aims to educate readers while offering expert perspectives on the evolving world of digital assets and DeFi protocols.
