The cryptocurrency market continues to experience short-term volatility, according to new market data. The total cryptocurrency market capitalization has reached $3.33 trillion with a 1.26% decrease over the past 24 hours.
General Overview of the Cryptocurrency Market
The total cryptocurrency market capitalization currently stands at $3.33 trillion, down 1.26% from the previous day. The 24-hour cryptocurrency trading volume has also fallen by 14.25%, reaching $96.03 billion. The crypto Fear & Greed index shows a score of 51 points, indicating a neutral position.
Trends in Bitcoin and Ethereum Markets
Bitcoin ($BTC) is trading at $108,144.25, reflecting a 0.86% dip over the last 24 hours, with a market dominance of approximately 64.7%. Ethereum ($ETH) shows a more significant decline of 2.08%, with a current price of $2,520.02 and a market share of 9.1%.
Recent Developments in DeFi and NFTs
In terms of DeFi, the total value locked (TVL) has dropped by 1.76% to $114.444 billion. The AAVE project, leading in TVL, has a volume of $25.551 billion, down 1.79%. Regarding NFTs, the sales volume has decreased by 24.68%, reaching $16,304,003. The top-selling NFT collection, Courtyard, saw a 13.11% decline, totaling $2,444,511 in sales.
Despite recent fluctuations in the cryptocurrency market, some countries are witnessing positive developments. For instance, El Salvador continues to increase its Bitcoin reserves, while Russia has introduced a ruble-backed stablecoin.
