Crypto Markets Dip 2%—Traders Shrug as Bullish Sentiment Holds Strong
Bitcoin briefly wobbled below $67K while altcoins bled—yet derivatives data shows leveraged longs still dominate. ’A healthy pullback,’ claims one over-caffeinated analyst.
Meanwhile, Wall Street’s latest ’crypto innovation’? A tokenized money market fund yielding less than your grandma’s savings account.
Key takeaways: Open interest remains elevated, BTC dominance holds at 54%, and memecoin traders continue to outperform hedge funds (again). The dip? Just another buying opportunity in this relentless uptrend.
The crypto market has recently seen a minor dip over the past 24 hours. In this respect, the total crypto market capitalization has touched $3.32T, expressing a 1.52% decrease, while the 24-hour crypto volume accounts for a considerable 18.34% decline to reach $120.58B. However, the Fear & Greed Index is maintaining its position at 71, indicating notable “greed.”
Bitcoin and Ethereum Record 1.01% and 3.42% Decline
Particularly, the top crypto asset Bitcoin ($BTC) has plunged by 1.01% to reach $102,757.30 in terms of price. Along with that, the market dominance of Bitcoin is currently sitting at 61.6%. Simultaneously, ethereum ($ETH) has also recorded a dip of 3.42% to reach the $2,590.57 mark when it comes to price. Additionally, the top altcoin’s market dominance is up to 9.4%.
$BPX, $GROK, and $PEOPLE Dominate 24-Hour Crypto Gainers
Concurrently, the top crypto gainers over 24 hours include Black Phoenix ($BPX), SORA GROK ($GROK), and MAGA ($PEOPLE). Specifically, $BPX has seen a 633.22% price rise to touch $2.86. In addition to this, $GROK currently accounts for a 517.66% increase, after which its price has now reached $0.003112. Apart from that, $PEOPLE has gone through a 470.80% price upsurge to claim the $0.00008236 spot.
DeFi TVL Plunges by 2.42% While NFT Sales Volume Reaches $25,603,594
Just like the slight decrease in the crypto market, the DeFi sector has also seen a dip. Hence, its total value locked has dipped by 2.42% to touch the $116.51B mark. The top DeFi project in the case of TVL is AAVE, accounting for $24.047B. Nevertheless, in the case of daily TVL growth, Threshold Network is the 1st top DeFi project, claiming 430081% rise over past twenty-four hours.
In the meantime, the NFT landscape has jumped by 27.81% in overall sales volume, which has touched $25,603,594. Additionally, XSY has led the NFT collections with its sales volume reaching $6,877,284.
Brazil to Launch Panda Bonds, Whereas Singapore High Court Postpones Judgment Hearing for WazirX Hack Lawsuit
At the moment, despite the provisional crypto dip, the market is witnessing noteworthy developments. In this respect, Brazilian government is planning to issue Panda Bonds using Chinese yuan as the exclusive regulatory measures are carried out for stablecoin transfers.
The Singapore High Court has postponed the next hearing for the WazirX hack lawsuit to June 6 for judgment. Ripple has carried out another $RLUSD token burn event, burning 4M tokens over past 24 hours.
