Recent market data shows a temporary decline in the cryptocurrency market. Overall market capitalization has decreased, with both Ethereum and Bitcoin experiencing price drops.
Decline in Crypto Market Capitalization
The total cryptocurrency market capitalization has plunged by 1.99% over the past 24 hours, reaching $3.25T. The 24-hour trading volume has also decreased by 3.69%, touching $97.46B. The Crypto Fear & Greed index stands at 46 points, reflecting a neutral position.
Price Changes of Bitcoin and Ethereum
Bitcoin has dropped by 0.24% over twenty-four hours, attaining a price level of nearly $106,527.10, with a market dominance of 64.7%. Similarly, Ethereum is now changing hands at $2,440.38 after a 0.53% increase, with a market dominance of 8.9%.
Trends in the DeFi and NFT Market
The DeFi landscape has experienced a 0.34% dip in TVL, reaching the $113.216B mark, with AAVE holding the top spot among DeFi projects in terms of TVL at $24.966B. However, the NFT market has surged by 28.04%, with sales volume reaching $16,167,054, where Courtyard is the most selling NFT collection.
Overall, the cryptocurrency market faces current challenges, including declines in capitalization and trading volumes. However, the NFT and DeFi sectors display contrasting dynamics, indicating investor interest diversity.
