Crypto Sector Sheds 6.38% in Market Cap Amid Entry to ‘Extreme Fear’ Zone

The crypto market is showing an utterly grim picture with massive losses across the board. Hence, the total crypto market capitalization has plunged by 6.38%, reaching $2.41T. However, the 24-hour volume has seen an 11.01% rise, hitting $185.99B. At the same time, the Crypto Fear & Greed Index shows the market’s entry into the “Extreme Fear” zone while accounting for just 11 points.

Bitcoin ($BTC) Loses 7.19% and Ethereum ($ETH) Records 7.04% Loss

Particularly, the leading crypto asset, Bitcoin ($BTC), is now trading at $70.569.96. This price level displays a 7.19% drop while the market dominance of $BTC stands at 58.4%. In addition to this, the top altcoin, Ethereum ($ETH), is changing hands at $2,096.23, highlighting a 7.04% decrease. In the meantime, its market dominance accounts for 10.5%.

$CPM, $XBTC, and $DANKDOGEAI Dominate Today’s Top Crypto Gainers

Apart from that, the prominent crypto gainers of the day include Crypto Pump Meme ($CPM), XenBitcoin ($XBTC), and DankDoge AI Agent ($DANKDOGEAI). Specifically, $CPM has climbed by a staggering 4855.70% to touch $0.00002787. Following that, at a price level of $70,485.50, $XBTC shows a 1897.91% increase. Subsequently, a 1751.90% rise has placed $DANKDOGEAI’s price at $0.0000000000009531.

DeFi TVL Drops by 3.60% and NFT Sales Volume Jumps by 34.85%

Simultaneously, the DeFi TVL is 3.60% down, attaining the $99.899B mark. Additionally, the top DeFi project in the case of TVL, Aave, has plunged by 4.54% to touch $28.8B. Nonetheless, when it comes to 1-day TVL change, Mosaic stands out as the key DeFi project, accounting for a 4.36% increase over the past twenty-four hours.

Similarly, the NFT sales volume has recorded a 34.85% rise to claim the $11,017,599 figure. Along with that, the top-selling NFT collection, Flyping Tulip PUT, has jumped by 4.79% to hit $2,381,733.

CFTC Reconsiders Ban on Prediction Markets, World Liberty Finance Faces Scrutiny

Concurrently, the crypto market has also experienced many other key developments over the past 24 hours across the globe. In this respect, the U.S. Commodity Futures Trading Commission (CFTC) has planned to finally drop the proposal to ban political and sports prediction markets.

Moreover, the U.S. senators are endeavoring to approve an anti-scam policy targeting notable social media players. Furthermore, a U.S. House investigation is focusing on the Trump-linked crypto platform, World Liberty Financial, following a $500M UAE-linked stake confirmed by a Wall Street Journal report.