The cryptocurrency market faces minor changes amid an overall decline in capitalization and fluctuations in major asset prices.
Overall Picture of the Crypto Market
Currently, the total cryptocurrency market capitalization has decreased by 0.29%, reaching a total of $3.25 trillion. The 24-hour trading volume stands at $111.03 billion, reflecting an 8.39% drop. The crypto Fear & Greed index remains neutral at 48 points.
Price Dynamics of Bitcoin and Ethereum
Bitcoin ($BTC) is trading at $104,740.64, indicating a price decrease of 2.64%. Its market dominance is currently at 64%. Ethereum ($ETH) shows a 7.74% dip at $2,522.35. At the moment, its market dominance is 9.4%.
Crypto Gainers and Changes in DeFi and NFT
Among the daily crypto gainers, names like Snowy Owl ($SWOL) surged by 4700.11%, DOGO ($DOGO) rose by 771.93%, and Homer ($SIMPSON) saw a 577.22% increase. The DeFi market noted a slight 0.39% uptick, raising its TVL to $112.89 billion. Conversely, the NFT sector experienced a decline in sales volume by 7.23%, dropping to $18,244,162.
The cryptocurrency market continues to face volatility, reflecting overall sector trends. While DeFi shows minor growth, NFT is in a downturn, which may impact future market dynamics.
