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Home » Crypto Market Attempts Cautious Rebound Under Bearish Sentiment
Crypto Market Attempts Cautious Rebound Under Bearish Sentiment

Crypto Market Attempts Cautious Rebound Under Bearish Sentiment

February 9, 20263 Mins ReadNo Comments Altcoins
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The worldwide crypto sector is endeavoring to rebound while the sentiment is still cautious. Hence, the cumulative crypto market cap has surged by 1.79% to reach $2.41T. However, the 24-hour crypto volume has dipped by 30.29% to touch $94.7B.  At the same time, the Crypto Greed & Fear Index is sitting at 9 points, showing “Extreme Fear” among the community participants.

Bitcoin Sees 2.55% Jump and Ethereum Rises by 0.51%

Particularly, the leading crypto asset, Bitcoin ($BTC), is now changing hands at $70,965.50. This price level indicates a 2.55% rise, while the market dominance of $BTC accounts for 58.9%. In addition to this, the flagship altcoin, Ethereum ($ETH), is currently trading at $2,088.34, signifying a 0.51% increase. In the meantime, $ETH’s market dominance stands at 10.5%.

$PEPE, $DOGS, and $IRIS Dominate List of Today’s Crypto Gainers

Apart from that, the top crypto gainers of today include PEPE AI ($PEPE), HARRIS DOGS ($DOGS), and IRISnet ($IRIS). Specifically, $PEPE has jumped by a staggering 1238.85%, hitting the $0.0006388 mark. Following that, $DOGS’ price is now hovering around $0.1375 after a 1090.88% increase. Subsequently, a 720.29% surge has places $IRIS’ price at $0.004390.

DeFi TVL Surges by 0.46% While NFT Sales Volume Dips by 2.67%

Simultaneously, the DeFi sector has also gone through a 0.46% increase, attaining the $98.731B mark. Additionally, the top DeFi project, Aave, has spiked by 0.98% to reach $28.457B. However, when it comes to 1-day TVL change, Mirakle Defi has claimed the top position in the DeFi sector, accounting for a 2162% increase over the past twenty-four hours.

Contrarily, the NFT sales volume has dropped by 2.67% at $6.914,244. Even then, the top-selling NFT collection, “0xbb5…ca16f,” is 20.19% up at $733,468.

Concurrently, the crypto industry has also experienced many other key developments across the globe over 24 hours. In this respect, Kris Marszalek, the CEO of Crypto.com, has unveiled exclusive website “ai.com” to allow creation of individualized AI agents for daily tasks.

 Moreover, CoolWallet has added TRON energy rental services, letting users decrease transfer costs while efficiently managing TRC-20 assets like $TRX. Furthermore, Tether is planning to add 150 more staff members over upcoming eighteen months amid accelerating expansion.

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

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