Crypto Market Plunges to $3.76T as Fear Index Hits 32 - Bitcoin and Ethereum Lead Decline
Digital assets face brutal selloff as market sentiment turns sour
Market Meltdown Accelerates
The cryptocurrency market bleeds out $3.76 trillion in valuation as fear grips traders. Bitcoin and Ethereum lead the downward charge, dragging altcoins into the abyss with them.
Fear Gauge Spikes to 32
Market sentiment tanks as the crypto fear index hits panic levels. Traders scramble for exits while institutional players watch from the sidelines—probably waiting for the 'perfect entry point' that never comes.
Technical Breakdown Worsens
Key support levels shatter across major cryptocurrencies. The domino effect ripples through DeFi protocols and NFT markets, proving once again that in crypto, correlation remains the only reliable indicator.
Traders face brutal reckoning as leverage gets liquidated across exchanges. The 'buy the dip' crowd grows quieter by the hour—turns out traditional finance's 'risk management' concept might have some merit after all.
The crypto market is experiencing growing pressure with top assets displaying steep dips. In this respect, the total crypto market capitalization has reached $3.76T after a 2.14% drop over the past 24 hours. However, the 24-hour crypto volume has surged by 35.38% to reach $226.54B. At the same time, the Crypto Fear & Greed Index has significantly decreased, reaching the “Fear” zone, while it accounts for 32 points.
Bitcoin Dips 2.16% and Ethereum Sees 1.94% Decrease
Particularly, Bitcoin ($BTC) is now changing hands at $109,445.19. Hence, the leading crypto asset indicates a 2.16% decrease, while its market dominance stands at 58.1%. In addition to this, Ethereum’s 1.94% decline has placed its price at $3,950. Along with that, the top altcoin’s market dominance is 12.7%.
$BRM, $BVM, and $BSP Dominate Crypto Gainers of Day
In the meantime, the top crypto gainers include BullRun Meme ($BRM), Base Velocimeter ($BVM), and Balswap ($BSP) in the key positions. Specifically, $BRM has seen a staggering 4489.74% rise to reach $0.002223 in terms of price. Following that, $BVM’s 1559.85% increase has raised its price to $002955. Subsequently, $BSP’s current price is $0.000003412, denoting a 1030.19% increase.
DeFi TVL Records 2.67% Slump, While NFT Sales Volume Spikes by 33.52%
Apart from that, the DeFi TVL has also plunged by a 2.67% drop, attaining the $148.55B mark. Nonetheless, the top DeFi project based on TVL, Aave, has jumped by 1.74%, touching $39.881B. Additionally, when it comes to 1-day TVL change, zkBoost claims the top spot in the DeFi market, accounting for 239239% growth over twenty-four hours.
Similarly, the NFT sales volume has also recorded a 33.52% growth, reaching the $24,891,308 mark. Hence, the top-selling NFT collection, Vesting NFT, now accounts for a huge $6,742,843 in its sales volume.
Bitwise Eyes Green Signal for Earliest Hyperliquid ETF and xAI Sues OpenAI in Another Lawsuit
Moving on, the crypto industry has also witnessed several notable developments over twenty-four hours. In this respect, Bitwise has filed an application with the U.S. SEC to launch the earliest Hyperliquid ($HYPE) exchange-traded fund (ETF).
Moreover, a renowned bitcoin ($BTC) miner, TeraWulf, is planning to raise a $3B funding via Morgan Stanley to establish data centers backed by Google. Furthermore, xAI has filed a new lawsuit confronting OpenAI in a federal court in California.
