Crypto Markets Dip Slightly—But Here’s Why Bulls Shouldn’t Panic
Crypto wobbles but won't fall: Today's minor pullback shows markets catching their breath, not running for the exits.
Neutral isn't bearish: Forget the doomscroll—this sideways action looks more like consolidation than capitulation.
Traders yawn while hodlers stack: Spot volumes remain steady as derivatives traders take a coffee break (probably to check their NFT portfolios).
The real story? Macro winds are shifting while crypto's plumbing gets stronger—just don't tell the traditional finance guys still waiting for their 'blockchain, not Bitcoin' moment.
The global crypto landscape has seen a slight dip, indicating a continued downturn. Specifically, the cumulative crypto market capitalization has witnessed a 1.20% decrease to reach $3.2T. However, the 24-hour crypto volume shows a 41.76% increase, touching the $114.44B in total. Simultaneously, the crypto Fear & Greed index accounts for 43 points, presenting a neutral status.
Bitcoin and Ethereum Drop by 0.87% and 3.24%
Bitcoin ($BTC) has experienced a minor dip of 0.87% over the past twenty-four hours as its price has dropped to $103,435.32. Additionally, Bitcoin has a market dominance of nearly 64.2%. Along with that, ethereum ($ETH) is now trading at $2,425.62 following a 3.24% decline in its price. Parallel to this, its market dominance currently stands at up to 9.1%.
$SWOL, $AURA, and $DOGO Lead Crypto Gainers of Day
Apart from that, the top daily crypto gainers take into account Snowy Owl ($SWOL), aura ($AURA), and DOGO ($DOGO). In this respect, $SWOL has jumped by 3211.52% to touch the $0.0002385 mark in terms of price. Following that, $AURA has seen a 1129.33% rise to $0.00003154. Subsequently, with a 718.02% increase $DOGO is changing hands at $0.000001572.
DeFi TVL Plunges by 2.54% and NFT Sales Volume Dips by 2.11%
Amid the broader crypto dip, the DeFi TVL has also dropped by 2.54%, touching the $109.962B. Particularly, AAVE enjoys the top position among DeFi protocols as its TVL stands the peak point of $24.705B. Nevertheless, while keeping in view the 24-hour TVL change, HipPoWSwap accounts for a 15775175% surge, claiming the top spot.
Simultaneously, the NFT sales volume has also declined by 2.11% to reach the $13,937,344 mark. Guild of Guardians Heroes is the top NFT collection, accounting for $1,867,800 in sales volume after a 1.20% upsurge.
U.S. Pushes Fed Cuts as Texas Protects Bitcoin ($BTC)
Amid this market outlook, the worldwide crypto sector is also seeing several important developments. Particularly, TRUMP has persuaded the U.S. Fed to cut rates to 1-2% while expressing regret for appointing Powell as the Chair.
Moreover, the Texas government has signed an exclusive law called “House Bill 4488” to protect the $BTC reserves as well as crypto holdings. Furthermore, Semler Scientific has disclosed its strategy to amass $105,000 in $BTC holdings by 2027.
