Crypto Market Drops Sharply as Fear Deepens with $BTC and $ETH Price Drop

This Friday, the global crypto industry has suffered a significant drop, as each leading crypto product has experienced losses. Hence, the total crypto market capitalization has hit $2.28T after a 3.05% decrease. However, the 24-hour crypto volume has surged by a 17.72%, reaching $104.59B.

Concurrently, the Crypto Fear & Greed Index is now standing at 22 points, showing a notable “Fear” among the market participants while they look for a better time and market stability.

Bitcoin ($BTC) Drops by 3.39% and Ethereum ($ETH) Sees 3.25% Dip

The flagship crypto asset, Bitcoin ($BTC), which is the favorite among the majority of the crypto community, is currently changing hands at $66,251.58. This price level highlights a 3.39% slump, while the market dominance of $BTC accounts for 57.5%. In addition to this, the leading altcoin, Ethereum ($ETH), is now trading at $1,991.11, signifying a 3.25% dip. In the meantime, the market dominance of $ETH sits at 10.5%.

$TRUMP, $GPM, and $HBTC Dominate Crypto Gainers of Day

Apart from that, the list of todays key crypto gainers takes into account PEPE ($TRUMP), Gold Pump MEME ($GPM), and Hold BTC ($HBTC). Specifically, $TRUMP has gone through a 1329.55% rise, touching the $0.0005096 mark.

Subsequently, a 1010.29% surge has placed $GPMs price at $0.001998. Following that, $HBTC is now hovering around $0.0000007985 after an 811.84% increase.

DeFi TVL Slumps by 2.43%, While NFT Sales Volume Records 25.06% Jump

Simultaneously, the DeFi market has plunged by 2.43% to touch $91.841B. In the same vein, the top DeFi project in terms of TVL, Aave, has dipped by 3.56%, hitting $23.755B. Nonetheless, when it comes to 1-day TVL change, zkFox claims the top position in the DeFi market, accounting for a stunning 8786358% jump over the past twenty-four hours.

Similarly, the NFT sales volume has surged by 25.06% to reach $6,320,884. Additionally, the top-selling NFT collection, Courtyard, is now 5.80% up at $814,965.

Ark Invests 20% Loss in Stocks Triggers Buyout of Circle Shares, OKX Introduces Equity Swaps with the Provision of 5x Leverage

Concurrently, the crypto market has also recorded many other critical developments over 24 hours across the globe. In this respect, Ark Invest has bought Circle shares following a stock drop of 20%.

Moreover, lawyers from Detroit have submitted an Amicus Brief backing the motion of Michigan to prohibit Coinbase from dealing with prediction markets. Furthermore, OKX is unveiling equity swaps while offering access to a staggering 5x leverage.