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Home » Crypto Market Witnesses Minor Decline As Bitcoin Slips Below $108K
Crypto Market Witnesses Minor Decline As Bitcoin Slips Below 8K

Crypto Market Witnesses Minor Decline As Bitcoin Slips Below $108K

May 29, 20253 Mins ReadNo Comments Altcoins
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The crypto landscape has recently seen a slight pullback, driven by the top crypto assets like Bitcoin ($BTC). The cumulative crypto market capitalization has dipped by 0.55% to reach $3.41T while the 24-hour crypto volume has touched $128.37B after a 0.14% increase. Additionally, the crypto Fear & Greed index stands at 65 points, indicating significant “greed.”

Bitcoin Sees 1.18% Dip While Ethereum Surges by 3.22%

Bitcoin ($BTC) has plunged by 1.18% over the past twenty-four hours to reach $107,632.72 in terms of price. Simultaneously, its market dominance now accounts for 62.6%. However, Ethereum ($ETH) has recorded a 3.22% jump with its price touching $2,726.27. Along with that, its market dominance is sitting at 9.6%. Keeping this in view, this divergence between the price of Bitcoin and Ethereum indicates a notable shift in market dynamics.

$TIBBIR, $PEOPLE, and $CAT Dominate Crypto Gainers of Day

Ribbita ($TIBBIR), MAGA ($PEOPLE), and NOT ($CAT) are at the peak positions among the daily crypto gainers. In this respect, $TIBBIR’s price shows a stunning 512.68% increase over past twenty-four hours, reaching $0.00001774. Following that, with a 443.40% rise, $PEOPLE has touched $0.00003199. Subsequently, $CAT has gone through a 441.40% price increase to reach the $0.0001378 mark.

DeFi TVL Records Slight 0.58% Jump Whereas NFT Sales Volume Increases by 4.16%

Concurrently, the DeFi sector has noticed 0.58% increase in terms of TVL, hitting $119.991B. In this respect, AAVE is a dominant DeFi platform, standing at $25.875B in terms of TVL. Nonetheless, a staggering 60508% TVL surge over past 24 hours has placed MultichainZ atop others when it comes to 1-day TVL change.

Similarly, the NFT sector has also seen a positive change of 4.16% in sales volume which has attained the $14,432,450 mark. Specifically, Courtyard is the top NFT collection, with its sales reaching $1,198,455 after a 32.40% jump.

Pakistan Unveils Bitcoin Reserve while Court Blocks Trump’s ‘Liberation Day’ Tariffs

Overall, the growing hype around the crypto sector has pushed several jurisdictions to modify their policies to adopt these high-growth assets. Hence, Pakistan is going to introduce a Bitcoin ($BTC) reserve while following the example of the United States.

Along with that, the SEC has further delayed ETF application submitted by Cardano, leading to a 4% dip in $ADA’s price. Moreover, the U.S. court has reportedly blocked “Liberation Day” tariffs declared by President Donald Trump.

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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