Crypto Markets Churn: Top Assets Swing as Traders Brace for Next Big Move
Volatility is back on the menu—and crypto traders are feasting. Major digital assets saw sharp price swings overnight, with Bitcoin and Ethereum leading the charge. Market makers are scrambling to adjust positions as liquidity tightens.
Bullish or bearish? Depends who's holding the bag.
The usual suspects—BTC, ETH, and a handful of altcoins—are dancing to the tune of macro uncertainty. Meanwhile, Wall Street 'experts' still can't decide if crypto's a hedge or a hazard. (Spoiler: It's both.)
One thing's clear: When traditional markets sneeze, crypto catches pneumonia. And right now? The patient's looking feverish.
Pro tip: Watch the derivatives market for clues. When perpetual swaps start bleeding, even diamond hands get sweaty.
Crypto landscape is going through continuous volatility as presented by the well-known crypto assets in their prices. Hence, the total crypto market capitalization has reached $3.32T after 0.12% decrease over 24 hours. Likewise, the 24-hour crypto volume has witnessed a 32.99% dip to reach $63.75B in value. Concurrently, the crypto Fear & Greed index is currently neutral at 50 points.
Bitcoin and Ethereum Witness 0.10% and 0.28% Price Slumps
Particularly, the top cryptocurrency, Bitcoin ($BTC), is now trading at $108,043.66. This figure shows a 0.10% decline. Additionally, Bitcoin’s market dominance now stands at 64.7%. Apart from that, ethereum ($ETH) has dipped by 0.28% to touch $2,513.21. Apart from that, the dominance of Ethereum is 9.1% in the crypto market.
$BPX, $FTW, and $TURBO Lead Top Crypto Gainers
In addition to this, Black Phoenix ($BPX), Black Agnus ($FTW), and TURBO BOME ($TURBO) stand atop crypto gainers. In this respect, $BPX has recorded a 3125.42% price rise and is now trading at $2.78. Following that, $FTW is changing hands at $0.00000006330, accounting for a 2602.38% increase. Subsequently, $TURBO has jumped by 1508.74% after an upsurge of almost $0.000003527.
DeFi TVL Surges by 0.48% While NFT Sales Volume Dips by 14.88%
Simultaneously, the DeFi TVL has risen by 0.48% to reach $114.776B. Hence, AAVE, the top DeFi project based on maximum TVL, has jumped by 1.09% to reach $25.83B. However, in the case of 1-day TVL change, Brise Swap accounts for a 13644276158656667648% increase in TVL over twenty-four hours.
On the other hand, the NFT sales volume has plunged by 14.88% to reach $13,935,462. Along with that, the top NFT collection, Courtyard, has attained the $2,341,325 spot in sales volume after a 5.37% upsurge.
FTX Faces Delays in China While U.S. Plans Crypto Bills
Overall, the crypto market has also experienced several other advancements that can influence its further progress. Specifically, the creditors of the crypto exchange FTX are going through distribution delays in China amid wider legal review.
Moreover, Canada is engaged in talks for financial assistance in the case of prominent aluminum producers such as Rio Tinto to shield them from existing trade strains with the U.S. Furthermore, the U.S. policymakers are readying to unveil 2 crucial bills during this month to regulate the digital asset landscape.
