Crypto Market Displays Mixed Momentum Amid Short-Term Market Volatility

The crypto sector has been witnessing a wider wave of mixed sentiment over the past 24 hours. In this respect, the total crypto market capitalization has dipped by 2.15% to reach $3.91T. Contrarily, the 24-hour crypto volume has surged by 34.11%, attaining the $157.22B mark. At the same time, the Crypto Fear & Greed Index is also moving upward in the neutral zone while accounting for 56 points.

Bitcoin Drops by 1.58% and Ethereum Sees 1.91% Dip

Particularly, the flagship crypto asset, Bitcoin ($BTC) has gone through a 1.58% decline. Because of this, the current price of Bitcoin ($BTC) accounts for $113,519.18. In addition to this, the top crypto asset’s market dominance stands at 58.8%. Similarly, Ethereum ($ETH) has reached the $4,156.22 spot after a 1.91% drop. Along with that, the market dominance of the top altcoin is nearly 13.4%.

$SWOL, $BPX, and $CHEERS Dominate Crypto Gainers of Day

Apart from that, Snowy Owl ($SWOL), Black Phoenix ($BPX), and DICAPRIO CHEERS ($CHEERS) are the dominating crypto gainers. Specifically, $SWOL has surged by a staggering 3921.55% to reach $0.00001957. Subsequently, $BPX has touched the $2.20 mark as a result of a 3471.91%s rise. Following that, $CHEERS has seen an 842.57% increase that has placed its price at $0.0005390.

DeFi TVL Slumps by 3.01% and NFT Sales Volume Records 10.15% Decrease

Simultaneously, the DeFi TVL has plunged by 3.01% to claim the $145.317B. Additionally, the top DeFi project in terms of TVL, Lido , has also slumped by 1.68%, touching the $36.643B mark. Nevertheless, when it comes to 1-day TVL change, zkBoost stands atop the DeFi projects, accounting for a 277294% spike over the past twenty-four hours.

In the same vein, the non-fungible token NFT sales volume has witnessed a 10.15% dip to reach $16,414,540. However, the top-selling NFT collection, SpinNFTBox, has jumped by 6.87%, claiming the $1,702,810 mark.

Fed Official Backs Small Crypto Holdings and WazirX Clients Approve Fund Recovery Plan

Overall, the crypto landscape has also gone through many notable developments. In this respect, the Fed official Michelle Bowman has proposed permission for the staff to hold digital assets in small amounts.

Moreover, the Trump-linked crypto platform Thumzup plans to occupy the mining operations of the key meme coin, Dogecoin ($DOGE), by acquiring Dogehash. Furthermore, the top Indian crypto exchange WazirX’s consumers have approved the latest restructuring strategy to return the funds to them after the $234M hack.