Crypto Market Holds Steady, With Fear Still Prevailing

The worldwide crypto landscape is witnessing cautious optimism, as the latest 24-hour data reveals. Hence, the 24-hour crypto volume has surged by 15.44%, reaching the $245.98B mark. However, the overall crypto market capitalization has touched $2.87T after a 2.52% decrease. Concurrently, the Crypto Fear & Greed Index stands at 10 points, presenting extreme “Fear.”

Bitcoin ($BTC) Rises by 1.55% and Ethereum Sees 1.67% Jump

Particularly, the flagship cryptocurrency, Bitcoin ($BTC), is trading at $87,470.04. This price level indicates a 1.55% rise. In addition to this, its market dominance accounts for 58.4%. Along with that, the leading altcoin, Ethereum ($ETH), is changing hands at $2,867.42, presenting a 1.67% increase. In the meantime, its market dominance is 11.5%.

$PAYAI, $COIN, and $PEOPLE Lead Top Crypto Gainers of Day

Apart from that, the crypto gainers of the day include PayAI Network ($PAYAI), [Fake] Wrapped COINBASE ($COIN), and MAGA ($PEOPLE). In this respect, $PAYAI has seen a staggering 1209.37% jump, hitting $0.01294. Following that, a 623.48% surge has placed $COIN’s price at $0.0003054. Subsequently, $PEOPLE has recorded a 485.94% spike, touching $0.00004165.

DeFi TVL Surges by 2.01% and NFT Sales Volume Records 8.56% Spike

Simultaneously, the DeFi TVL has spiked by 2.01% to hit $115.955B. Similarly, the top DeFi player, Aave, has recorded a 0.82% rise, reaching $30.901B. Nonetheless, when it comes to 1-day TVL change, pSTAKE Finance remains the top DeFi project, accounting for a stunning 337956310% increase over twenty-four hours.

In the same vein, the NFT sales volume has also jumped by up to 8.56%, claiming the $10,902,594 spot. Even then, the top-selling NFT collection, Algebra Positions NFT-V2 has gone through a 19.77% decrease, hitting $1,641,609.

Pump.Fun Pulls $436.5M $USDC as the Token Drops by 24%

Moving on, the crypto industry has also experienced several noteworthy developments over 24 hours. In this respect, the Department of Government Efficiency has efficiently ceased all operations 8 months before the expiration of its charter.

Moreover, JPMorgan Chase officially ends banking collaboration with the accounts of Jack Mallers, the CEO of Strike. Furthermore, Pump.Fun has cashed out up to $436.5M in $USDC, leading to a 24% dip over week.