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Home » Crypto Sector Undergoes Dip Amid Widely Fearful Sentiment
Crypto Sector Undergoes Dip Amid Widely Fearful Sentiment

Crypto Sector Undergoes Dip Amid Widely Fearful Sentiment

May 23, 20263 Mins ReadNo Comments Altcoins
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Over the past 24 hours, the crypto market has gone through a notable downturn. Hence, the total crypto market capitalization has dropped by 2.55%, reaching $2.52T. However, the 24-hour crypto volume has jumped by 5.51%, hitting $81.37B. At the same time, the Crypto Fear & Greed Index has dipped to 35 points, showing “Fear” among the market participants.

Bitcoin ($BTC) Drops by 2.67% and Ethereum ($ETH) Sees 3.09% Plunge

Particularly, the top cryptocurrency, Bitcoin ($BTC), is now trading at $75,387.75. This price level indicates a 2.67% dip, while the market dominance of Bitcoin ($BTC) stands at 59.9%. In addition to this, the leading altcoin, Ethereum ($ETH), is currently changing hands at $2,061.96, expressing a 3.09% decrease. In the meantime, Ethereum’s ($ETH) market dominance sits at 9.9%.de

$TRUMP, $BEER, and $H1DR4 Dominate Crypto Gainers

Apart from that, the list of today’s leading crypto gainers includes PEPE ($TRUMP), Beers ($BEER), and H1DR4 by Virtuals ($H1DR4). Specifically, $TRUMP has surged by a staggering 514.9% to reach the price level of nearly $0.00005749. Following that, a 471.91% rise has placed $BEER’s price at $0.006988. Subsequently, $H1DR4 is hovering around $0.003005, after a 447.81% jump.

DeFi TVL Plunges by 1.59% and NFT Sales Volume Drops by 12.98%

Simultaneously, the DeFi TVL has slumped by 1.59%, attaining the $80.802B mark. Additionally, the top DeFi project in terms of TVL, Lido, has seen a 3.40% drop, claiming the $18.289B spot. Nonetheless, when it comes to 1-day TVL change, Stobix has occupied the top position in the DeFi market, accounting for a stunning 14463938713616% increase over the past twenty-four hours.

On the other hand, the NFT sales volume is 12.98% down at $7,300,991. Similarly, the top-selling NFT collection, Courtyard, is 15.06% down, at $1,017,727.

Harvard University Dumps $86.8M in $ETH ETF Holdings and Kraken Plans to List $CTR Token

Concurrently, the crypto industry has also witnessed several other key developments across the globe over the past 24 hours. In this respect, Harvard University is reportedly dumping the $ETH ETF holdings, equaling $86.8M through the iShares Ethereum Trust Fund ($ETHA) of BlackRock. Moreover, Kraken is planning to officially list the $CTR token. Furthermore, ICE and OKX are collaborating to unveil perpetual oil futures in line with the WTI and Brent benchmarks.

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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