The global cryptocurrency market has seen a minor decline in the last 24 hours, with total market capitalization falling by 2.03% to $3.11 trillion. In this period, the trading volume across the crypto landscape has also dropped significantly, now standing at $104.99 billion, which reflects a decrease of 23.77%. The current reading on the Crypto Fear & Greed Index is 43, indicating a “Neutral” sentiment among investors.
Bitcoin (BTC), the leading cryptocurrency, is currently priced at $90,694.28, marking a 1.93% reduction in value. The market dominance of Bitcoin is approximately 58.3%. Meanwhile, Ethereum (ETH) is trading at $3,139.08, showcasing a price dip of 3.31%. Ethereum”s market dominance is recorded at around 12.2%.
Despite the overall market downturn, some tokens have managed to gain traction. The top gainers today include Crypto Pump Meme (CPM), which has skyrocketed by 1860.40%, now priced at $0.0002496. Following closely is Turbo Trump (TURBO), which has seen a 473.01% increase, bringing its price to $0.4348. Additionally, SORA GROK (GROK) is trading at $0.07440 after a significant rise of 447.2%.
On the decentralized finance (DeFi) front, the total value locked (TVL) has dipped by 2.76%, now reaching $124.697 billion. The leading DeFi project, Aave, has also experienced a decline, sitting at $34.9 billion after a 2.39% drop. Notably, the DeFi project zkBoost has made headlines with an extraordinary 115163% increase in its TVL over the past 24 hours.
The non-fungible token (NFT) market has not been immune to the downturn either, with sales volume decreasing by 18.88% to $7,876,214. However, the top-selling NFT collection, CloneX, has impressively climbed by 291.94%, reaching a total value of $718,313.
In regulatory news, Morgan Stanley has submitted a filing for a spot Ethereum (ETH) exchange-traded fund (ETF), adding to the momentum following similar moves for Bitcoin and Solana. In a separate development, Wyoming has introduced the FRNT stablecoin, aimed at reducing transaction costs and enhancing payment efficiency. Additionally, Ripple has made waves with its acquisition of Solvexia, reportedly spending up to $1 billion in the process.
