Crypto market remains in extreme fear despite recovery attempts, with Bitcoin ($BTC) and Ethereum ($ETH) rising, mixed DeFi signals, and weak NFT sales.Crypto market remains in extreme fear despite recovery attempts, with Bitcoin ($BTC) and Ethereum ($ETH) rising, mixed DeFi signals, and weak NFT sales.

Crypto Market Stuck in Extreme Fear as Bitcoin and Ethereum Rebound

2 min read
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The crypto landscape is still experiencing cautious behavior among the traders while endeavoring to recover. Hence, the total crypto market capitalization has seen a 3.38% increase to reach $2.65T. Nonetheless, the 24-hour crypto volume is 3.97% down, standing at $156.72B. Concurrently, the Crypto Fear & Greed Index shows “Extreme Fear” across the market while accounting for 17 points.

Bitcoin ($BTC) Rises by 4.23% and Ethereum ($ETH) Witnesses 5.01% Rise

Particularly, the flagship crypto asset, Bitcoin ($BTC), is trading at $78,234.99. This indicates a 4.23% increase while the market dominance of $BTC sits at 59.4%. In addition to this, the leading altcoin, Ethereum ($ETH), is currently changing hands at $2,318.66, suggesting a 5.01% rise. In the meantime, $ETH’s market dominance accounts for up to 10.7%

$MAGA, $DOGS, and $D Lead Today’s Top Crypto Gainers

Apart from that, the prominent crypto gainers of the day take into account TRUMP MAGA ($MAGA), HARRIS DOGS ($DOGS), and D ($D). Specifically, a 1560.92% surge has placed $MAGA’s price at $0.01858. Following that, $DOGS presents a 1470.59% spike while hovering around $0.1950. Subsequently, $D’s current price is $).00001812, after a 1274.53% jump.

DeFi TVL Surges by 1.57% While NFT Sales Volume Records 20.59% Drop

Simultaneously, the DeFi TVL has climbed by 1.57% to attain the $105.714B mark. Additionally, the top DeFi project in terms of TVL, Aave, is 1.69% up, hitting $29.8B. However, when it comes to 1-day TVL change, Oxedium claims the top position in the DeFi sector, claiming a staggering 3099383% rise over the past twenty-four hours.

On the other hand, the NFT sales volume has undergone a huge 20.59% dip, touching $7,112,626. Along with that, the top-selling NFT collection, Flying Tulip PUT, has reached $1,059,477 after a 67.22% decrease.

Arizona AG Seeks Crypto ATM Fraud Reports as ING Enables Crypto ETNs

At the same time, the crypto industry has also seen several other key developments across the globe. In this respect, the Arizona Attorney General, Kris Mayes, has issued an exclusive fraud complaint, urging victims to thoroughly report their losses over thirty days amid a notable spike in crypto ATM scams targeting old citizens.

Moreover, ING Deutschland, a German retail bank, has started offering access to crypto-related products and exchange-traded notes (ETNs) for retail users. Furthermore, Sony Ventures has poured $13M in Startale Group, underscoring the initial investment of the Series A funding round.

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