Bloodbath in Crypto: Bitcoin & Altcoins Plunge as Market Flips Bearish
Crypto investors got sucker-punched today as Bitcoin led a market-wide nosedive—dragging altcoins into the red with it. No safe havens here, just a sea of flashing sell orders.
### The Domino Effect
When BTC sneezes, the whole market catches a cold. Today’s drop triggered liquidations across leveraged positions, proving once again that crypto doesn’t do 'soft landings.'
### Traders vs. Emotions
Fear spreads faster than a meme coin pump. Retail panic-selling? Check. OGs 'buying the dip' with shaky hands? Double-check. Meanwhile, Wall Street sharks probably shorted the top—again.
### Silver Linings Are for Stock Markets
Volatility is crypto’s brand. Today’s crash? Just another Tuesday. The real question: Which 'fundamentally strong' project gets abandoned by its devs first?
Closing thought: If traditional finance is a casino, crypto’s the back-alley dice game—higher stakes, zero regulation, and somehow still more honest.
The crypto sector is going through a noteworthy decline, as shown in the price performance of the prominent assets, with several left chatting about the potential reversal. Hence, the cumulative crypto market capitalization has touched $3.67% after a 2.53% decrease over the past 24 hours.
In addition to this, the 24-hour crypto volume has also dropped by 25.25% to reach $151.66B. Concurrently, the Crypto Fear & Greed Index accounts for 51 points, presenting a neutral position.
Bitcoin Declines by 0.38% and Ethereum Records 2.25% Decrease
Specifically, Bitcoin ($BTC), crypto asset placed in the top rank, has witnessed a slight decrease of 0.38%. With this, its price has now reached $113,466.66. At the same time, the market dominance of Bitcoin ($BTC) has touched 61.4%. Additionally, the flagship altcoin, ethereum ($ETH), has seen a 2.25% dip, reaching the $3,442.34 mark. Apart from that, its market dominance stands at 11.5%.
$PORT, $GROK, and $TRUMP Lead Crypto Gainers
Simultaneously, the top crypto gainers of the day take into account Port Finance ($PORT), SORA GROK ($GROK), and Mubarak TRUMP ($TRUMP). Particularly, $PORT has gone through a staggering 952.47% upsurge as its price is now hovering around $0.003963. Subsequently, $GROK has jumped by 603.78% to attain the $03247 spot. Following that, $TRUMP has claimed $0.002275 after a 463.59% growth.
DeFi TVL Drops by 0.63%, Whereas NFT Sales Volume Jumps by 50.28%
The crypto market downturn has also been reflected in the DeFi space, with its TVL reaching $131.171B due to a 0.63% plunge. Additionally, the top DeFi project, AAVE, has dipped by 0.65%, touching $32.322B. Nevertheless, when it comes to 1-day TVL increase, Tangible stands atop others with a 125813% rise over twenty-four hours.
On the other hand, the non-fungible token (NFT) sector has been experiencing a notable rise, with the total sales volume surging by 50.28% to gain $23,392,054 in valuation. Along with that, the top-selling NFT collection, Courtyard, has recorded 25.22% jump, claiming $1,778,767.
El Salvador Boosts $BTC Holdings and Phishing Attack Costs Victim $908K
Overall, the crypto market has also noticed many other notable developments over twenty-four hours. In this respect, Sharplink Gaming has acquired $53.6M in Ethereum ($ETH) to bolster holdings to 480,204 $ETH.
Moreover, El Salvador has added 7 more $BTC to increase its cumulative Bitcoin holdings to 6,256.18 $BTC (nearly $708.5M). Furthermore, a crypto victim has lost $908K in a 15-month-long phishing attack, just because of not revoking the old permissions, among which one was this phishing approval.
