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Home » Crypto Market Indicates Neutral Momentum With Steady Performance
Crypto Market Indicates Neutral Momentum With Steady Performance

Crypto Market Indicates Neutral Momentum With Steady Performance

May 24, 20263 Mins ReadNo Comments Altcoins
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The crypto market displays a steady outlook based on the latest 24-hour data. Hence, the total crypto market capitalization has surged by 0.07%, reaching the $2.57T mark. However, the 24-hour crypto volume has dropped by 24.67%, hitting $70.56B. At the same time, the Crypto Fear & Greed Index now stands at 40 points, highlighting “Neutral” sentiment among the investors.

Bitcoin ($BTC) Surges by 1.61% and Ethereum ($ETH) Sees 2.55% Rise

Particularly, the flagship cryptocurrency, Bitcoin ($BTC), is now changing hands at $76,620.57. This price level signifies a 1.61% increase, while the market dominance of Bitcoin ($BTC) accounts for 60.2%. In addition to this, the leading altcoin, Ethereum ($ETH), is currently trading at $2,114.04, reflecting a 2.55% increase. In the meantime, Ethereum’s ($ETH) market dominance sits at 10.0%.

$TSLA, $TRUMP, and $GROK Lead Crypto Gainers of Day

Apart from that, today’s top crypto gainers include Tesla ($TSLA), PEPE TRUMP ($TRUMP), and SORA GROK ($GROK). Specifically, $TSLA has surged by a staggering 506.22% to reach the price level of $62.69. Subsequently, a 423.64% increase has placed $GROK’s price at $0.2551. Following that, $TRUMP is hovering around $0.0000001984 after a 501.76% rise.

DeFi TVL Climbs by 1.61% and NFT Sales Volume Records 1.27% Jump

Subsequently, the DeFi TVL has spiked by 1.61%, touching the $81.97B mark. Additionally, the top DeFi project in terms of TVL, Lido, has hit the $18.813B spot after a 2.62% increase. Nevertheless, when it comes to 1-day TVL change, zkFox is the leading DeFi project, claiming a stunning 9333311% rise over the past twenty-four hours.

In the same vein, the NFT sales volume is 1.27% up at $7,327,275. Even then, the top-selling NFT collection, Courtyard, has plunged by 15.37% to reach $854,4645.

$USDR and $EURR Lose Peg After $10M Exploit, Hong Kong Advances Stablecoin Testing

Moving on, the crypto industry has also gone through many other key developments across the globe over the past 24 hours. In this respect, StablR-linked $USDR and $EURR contracts have incurred a $10M loss in an exclusive exploit, leading to a 20% depegging.

Moreover, the 1st officially authorized stablecoin of Hong Kong has accomplished its technical testing through the Ethereum mainnet. Furthermore, Hyperliquid has consumed almost all of the trading fee revenue of up to $1.16B to purchase back $HYPE tokens through the “Assistance Fund.”

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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