Crypto Sector Sees Sideways Movements as Fear Persists

The global crypto market is witnessing a cautious momentum with sideways movements witnessed over the past 24 hours. Specifically, the crypto market capitalization has dropped by 0.06% to reach $3.07T. In addition to this, the 24-hour crypto volume has touched $101.68B after a 29.66% decrease. At the same time, the Crypto Fear & Greed Index stands at 27 points, indicating “Fear” in the market.

Bitcoin Drops by 0.25% and Ethereum Undergoes 0.62% Increase

Particularly, the leading cryptocurrency, Bitcoin ($BTC), has dipped by 0.25%, hitting $90,163.77. Additionally, the market dominance of Bitcoin accounts for 58.6%. However, the flagship altcoin, Ethereum ($ETH), has witnessed a 0.62% rise in price, reaching $3,109.61. In the meantime, the market dominance of Ethereum has now reached 12.2%.

$BPX, $MAGA, and $GROK Lead Crypto Gainers of Day

Simultaneously, Black Phoenix ($BPX), TRUMP MAGA ($MAGA), and SORA GROK ($GROK) are dominating the top crypto gainers of the day. Hence, $BPX has gone through a 3438.20% increase to reach $1.35 in price. Following that, a 622.65% rise has pushed $MAGAs price to $0.0004641. Subsequently, $GROK is now hovering around $0.04070 after a 561.39% surge.

DeFi TVL Records 0.78% Rise and NFT Sales Volume Jumps by 16.14%

Apart from that, the DeFi TVL has jumped by 0.78% to claim the $122.111B. Additionally, the top DeFi project, Aave, has effectively touched $32.984B. Nonetheless, in the case of 24-hour TVL change, Credix leads the DeFi market, accounting for a stunning 1079004% spike over the past twenty-four hours.

In the same vein, the NFT sales volume has also experienced a 16.14% increase, touching $10,471,664. Along with that, the top-selling NFT collection the Mutant Ape Yacht Club, has climbed by 102.16%, reaching $1,013,183.

IonQ Launches Slovakias First Quantum Communication Network as SEC Issues Crypto Custody Investor Guide

Moving on, the crypto landscape has also recorded several other noteworthy developments. In this respect, IonQ Inc. is deploying the 1st quantum communication ecosystem of Slovakia, underscoring a key step in the countrys shift toward quantum-secure infrastructure.

Moreover, the Office of the Comptroller of the Currency has authorized trust bank charters for BitGo, Paxos, Circle, Fidelity Digital Assets, and Ripple. Furthermore, the SEC has released an investor guide regarding crypto custody and wallets.