Crypto Market Sees Uncertainty Amid Growing ‘Extreme Fear’ Sentiment

The crypto industry is navigating a relatively uncertain period, as the latest 24-hour data indicates. Thus, the total crypto market capitalization now accounts for $2.17T without any notable change. However, the 24-hour crypto volume has plunged by 7.00%, reaching $70.3B. At the same time, the Crypto Fear & Greed Index now stands at 19 points, signifying “Extreme Fear” among the market participants.

Bitcoin ($BTC) Climbs by 0.10%, While Ethereum ($ETH) Drops by 0.36%

Particularly, the flagship crypto asset, Bitcoin ($BTC), has gone through a slight 0.10% rise. This increase has placed $BTC’s price at $63,457.80 while its market dominance is 58.6%. On the other hand, the leading altcoin, Ethereum ($ETH), has dipped by 0.36%, reaching $1,662.85. In the meantime, the market dominance of Ethereum ($ETH) stands at 9.2%.

$CATX, $BPX, and $DCK Lead Crypto Gainers of Day

Apart from that, the list of today’s dominant crypto gainers includes CATX ($CATX), Black Phoenix ($BPX), and DexCheck AI ($DCK). Specifically, $CATX has jumped by a huge 1975.85% growth, hitting the price level of up to $0.000003383. After that, an 1893.60% increase has placed $BPX’s price at $0.08973. Subsequently, $DCK is currently changing hands at $0.0001895, indicating a 471.31% surge.

DeFi TVL Rises by 0.71%, Whereas NFT Sales Volume Plunges by 5.1%

Simultaneously, the DeFi TVL has experienced a modest 0.71% increase, attaining the $71.811B mark. Nonetheless, the top DeFi project in terms of TVL, Lido, has dropped by 0.32%, touching $14.884B. Along with that, when it comes to 1-day TVL change, zkFox has claimed the top position in the DeFi landscape, accounting for a staggering 7621634% spike over the past twenty-four hours.

Contrarily, the NFT sales volume has slumped by 5.1%, reaching the $1,579,135 mark. Additionally, the top-selling NFT collection, Courtyard, has surged by 13.5%, with its 24-hour volume touching $411,081.

Sichuan Court Sentences Five in Crypto Laundering Case, Anthropic Restricts AI Access after Export Control Directive from the US

Moving on, the crypto market has also witnessed several other critical developments across the globe over the past 24 hours. In this respect, a Sichuan court has sentenced 5 defendants for involvement in the laundering of 8.6M yuan in illegal funds in virtual assets coming from the cross-border cyber pornography activities.

What’s more, the Brazilian House of Representatives has authorized a policy that would permit the government to freeze the crypto balances of the suspects and increase the maximum prison period to ten years. Furthermore, Anthropic has suspended Mythos 5 and Fable 5’s access following an export control directive from the US government.