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Home » Crypto Market Faces Minor Slump Amid Steady Progress As Bitcoin Stands Above $108K
Crypto Market Faces Minor Slump Amid Steady Progress As Bitcoin Stands Above 8K

Crypto Market Faces Minor Slump Amid Steady Progress As Bitcoin Stands Above $108K

May 25, 20253 Mins ReadNo Comments Altcoins
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Crypto market is making a steady move irrespective of the slight downturn. At the moment, the cumulative crypto market cap is $3.39T after a 0.37% dip over the past 24 hours. Additionally, the 24-hour trading volume has decreased by 38.85% to reach $ 97.08B. However, the crypto Fear and Greed index remains strong at 67 points, showing “greed.”

Bitcoin Sees 0.18% Decrease and Ethereum Witnesses 1.47% Dip

Bitcoin ($BTC) has reflected the overall crypto slump in its price, which has plunged by 0.10% to reach $108,111.61. Apart from that, Bitcoin’s market dominance now accounts for 63.3%. Simultaneously, Ethereum ($ETH) has also experienced a 1.47% dip in its price, which has now reached $2,513.11. In addition to this, the market dominance of Ethereum is 8.9%.

$BEER, $SISC, and $MAGA Dominate Daily Crypto Gainers

Among top crypto gainers of the day, Beers ($BEER), Shirushi Coin ($SISC), and TRUMP MAGA ($MAGA) are the prominent players. In this respect, $BEER accounts for a huge 532.01% rise as its price has now reached $0.00003612. Following that, $SISC’s price currently stands at $0.4152 after a 537.83% upsurge. Subsequently, $MAGA has experienced a 488.02% increase to attain the $0.002889 mark in terms of price.

DeFi TVL Records 0.16% Rise While NFT Sales Volume Plunges by 2.39%

Concurrently, the DeFi TVL has seen a slight increase of 0.16% to reach $116.623B. Additionally, AAVE remains the top DeFi project with maximum TVL, accounting for $24.69B. However, based on 1-day change in TVL, Tangible is atop others with a huge 5556% increase.

However, the NFT landscape has gone through a 2.39% dip in its sales volume. Particularly, Courtyard is the top NFT collection, with its sales volume reaching $2,753,907.

Wynn loses $13.4M on $BTC Bet, and Solana Unveils Trust-Boosting Attestation Service

Overall, the crypto market has witnessed many considerable developments over the past twenty-four hours. Specifically, a prominent Hyperliquid trader named James Wynn has exited a huge $1.25B $BTC bet while incurring a $13.4M loss.

Moreover, in an effort to boost on-chain trust, Solana has unveiled a unique identity layer called “Solana Attestation Service (SAS).” Furthermore, SoftBank has proposed the establishment of a U.S.-Japan mutual sovereign fund to power tech investment.

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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