Recent analysis of the cryptocurrency sector shows a slight decrease in market capitalization and a significant increase in trading volumes. Bitcoin and Ethereum are demonstrating price declines, while some altcoins are experiencing gains.
Decline in Cryptocurrency Market Capitalization
The cryptocurrency market capitalization reached $3.05 trillion after a 4.43% decline over the past 24 hours. At the same time, trading volume surged by 60.32%, touching $146.48 billion. The Fear & Greed index is currently neutral at 40 points.
Top Gainers in Crypto Market
$FUN, $DATA, and $BANANAS31 emerged as the biggest gainers of the day. Specifically, $FUN surged by 61.11% to reach $0.12299. $DATA increased by 29.67% to $0.01722, while $BANANAS31 saw a 21.54% rise to $0.008266.
Trends in DeFi and NFT Sectors
The DeFi sector is also showing disappointing results, with TVL dropping by 1.98% to $104.079 billion. AAVE remains the leading DeFi project, with a TVL of $22.795 billion despite a decline of 3.65%. Meanwhile, the NFT market recorded a sales volume drop of 62.58%, amounting to $7,469,032. The top NFT collection, Guilds of Guardians Heroes, faced an 18.52% decrease in sales.
Despite a slight decline in cryptocurrency market capitalization, trading volumes are on the rise. Some altcoins show positive dynamics, while the DeFi and NFT sectors are encountering difficulties.
