Crypto Market Faces Minor Slump Amid Steady Progress as Bitcoin Stands above $108K

Crypto market is making a steady move irrespective of the slight downturn. At the moment, the cumulative crypto market cap is $3.39T after a 0.37% dip over the past 24 hours. Additionally, the 24-hour trading volume has decreased by 38.85% to reach $ 97.08B. However, the crypto Fear and Greed index remains strong at 67 points, showing “greed.”

Bitcoin Sees 0.18% Decrease and Ethereum Witnesses 1.47% Dip

Bitcoin ($BTC) has reflected the overall crypto slump in its price, which has plunged by 0.10% to reach $108,111.61. Apart from that, Bitcoin’s market dominance now accounts for 63.3%. Simultaneously, Ethereum ($ETH) has also experienced a 1.47% dip in its price, which has now reached $2,513.11. In addition to this, the market dominance of Ethereum is 8.9%.

$BEER, $SISC, and $MAGA Dominate Daily Crypto Gainers

Among top crypto gainers of the day, Beers ($BEER), Shirushi Coin ($SISC), and TRUMP MAGA ($MAGA) are the prominent players. In this respect, $BEER accounts for a huge 532.01% rise as its price has now reached $0.00003612. Following that, $SISC’s price currently stands at $0.4152 after a 537.83% upsurge. Subsequently, $MAGA has experienced a 488.02% increase to attain the $0.002889 mark in terms of price.

DeFi TVL Records 0.16% Rise While NFT Sales Volume Plunges by 2.39%

Concurrently, the DeFi TVL has seen a slight increase of 0.16% to reach $116.623B. Additionally, AAVE remains the top DeFi project with maximum TVL, accounting for $24.69B. However, based on 1-day change in TVL, Tangible is atop others with a huge 5556% increase.

However, the NFT landscape has gone through a 2.39% dip in its sales volume. Particularly, Courtyard is the top NFT collection, with its sales volume reaching $2,753,907.

Wynn loses $13.4M on $BTC Bet, and Solana Unveils Trust-Boosting Attestation Service

Overall, the crypto market has witnessed many considerable developments over the past twenty-four hours. Specifically, a prominent Hyperliquid trader named James Wynn has exited a huge $1.25B $BTC bet while incurring a $13.4M loss.

Moreover, in an effort to boost on-chain trust, Solana has unveiled a unique identity layer called “Solana Attestation Service (SAS).” Furthermore, SoftBank has proposed the establishment of a U.S.-Japan mutual sovereign fund to power tech investment.