Crypto Space Records Sheer Dip in Bitcoin While Altcoin Market Maintains Momentum

The crypto market has recently witnessed a significant downturn in Bitcoin’s ($BTC) price, while the altcoin sector is strong. As per the exclusive market data, the total crypto market capitalization has slipped below $4T, reaching $3.97T after a 2.22% decrease over 24 hours.

However, the 24-hour crypto volume has jumped by 13.80%. At the same time, the Crypto Fear & Greed Index still stands in the “Greed” territory while accounting for 60 points.

Bitcoin Drops by 2.74% and Ethereum Sees 0.60% Dip

Particularly, the price of Bitcoin ($BTC) has slumped to $118,813.15. This denotes a 2.74% decrease over past 24 hours. In addition to this, the market dominance of Bitcoin ($BTC) stands at 59.7%. Similarly, Ethereum ($ETH) has seen a slight 0.60% slump to touch $4,298.55 in price. Along with that, a significant increase has taken place in Ethereum’s market dominance, which now accounts for 13.1%.

$SWOL, $PUMP, and $MUBARAK Lead Crypto Gainers

Concurrently, Snowy Owl ($SWOL), [Fake] PUMP FUN ($PUMP), and Mubarak ($MUBARAK) are the dominant crypto gainers of the day. In this respect, $SWOL has jumped by a staggering 1116.31% to attain the $0.00001814 mark.

After that, $PUMP is now hovering around $0.0006783, displaying a 506.37% rise. Subsequently, $MUBARAK’s 311.88% upsurge has raised its price to $0.009733.

DeFi TVL Plunges by 0.06% and NFT Sales Volume Records 31.34% Slump

Simultaneously, the DeFi TVL has gone through a minor 0.06% dip to reach $150.238B. In the same vein, the top DeFi player in terms of TVL, AAVE, has also witnessed a 0.52% plunge. Nevertheless, when taking into account the 1-day TVL growth, Reservoir has gained the top position, accounting for 86513% over 24 hours.

Apart from that, the NFT sales volume has also decreased by 31.34% to claim the $17,916,786 spot. Additionally, the top-selling NFT collection, CryptoPunks, has experienced a 57.37% decline, reaching $1,936.471.

Sharplink Gaming Secures $400M to Boost ETH Holdings, U.S. Court Orders Do Kwon to Testify

Overall, several other noteworthy developments have occurred in the crypto industry. In this respect, Sharplink Gaming has collected $400M to bolster $ETH holdings above $3B.

Moreover, the U.S. court of the Southern District of New York has instructed Do Kwon (the co-founder of Terraform Labs) to give a complete statement regarding the guilty plea. Furthermore, a wallet controlled by Alameda Research has unstaked approximately 190,821 $SOL after cold storage since late 2020.