Greed Dominates Crypto Market as Bitcoin Stalls Amid Ethereum’s Rise

The crypto sector has witnessed mixed developments over the past 24 hours as Ethereum ($ETH) has been leading the wider market growth. Based on the market data, the cumulative crypto market capitalization has reached the $3.93T mark after a 0.63% increase.

In addition to this, the 24-hour crypto volume has jumped by 12.90% to reach $207.51B. Concurrently, the crypto Fear & Greed index displays significant “Greed” while accounting for 67 points.

Bitcoin Drops by 0.92% and Ethereum Records a 1.67% Dip

Despite the overall market growth, Bitcoin ($BTC), the flagship crypto asset, presents a relatively subdued performance. Its price has plunged to $117,245.47 following a 0.92% dip. Additionally, its market dominance has also dropped to 59.5%, denoting a considerable downturn. However, Ethereum’s ($ETH) market dominance is strong at 11.6% while its price is $3,691.98 after a slight price dip of 1.67%.

$BPX, $VALENTINE, and $BOME Lead Crypto Gainers

Apart from that, the Black Phoenix ($BPX), Valentine Grok Companion ($VALENTINE), and BOME AI ($BOME) stand atop the list of crypto gainers. Particularly, $BPX has surged by 3204.21%, claiming the $2.47 mark in terms of price.

Subsequently, with a 2575.98% increase, $VALENTINE has reached $0.001345. Following that, $BOME has recorded a 688.88% surge to attain $0.0000001174.

DeFi TVL Plunges by 0.15% and NFT Sales Volume Sees 24.97% Decline

At the same time, the DeFi TVL has declined by 0.15% to touch the $139.287B mark. Nonetheless, Lido, the top DeFi platform based on TVL, has surged by 0.52%, reaching $34.391B. Nevertheless, in the case of 1-day TVL increase, Factor has obtained the 1st place among DeFi platforms with a 105538% spike.

Additionally, the cumulative non-fungible token (NFT) sales volume has dropped by 24.97%, touching $28,834,860. In the same vein, the top-selling NFT collection, f(x) wstETH position, has seen a 3.75% drop, claiming $2,448,696.

Strategy Buys 6,220 BTC as Western Union Explores Stablecoin Wallet Integration

Overall, crypto market has recorded many significant developments over the past twenty-four hours. Specifically, Strategy has acquired 6220 more $BTC, raising its cumulative Bitcoin holdings to 607,770 $BTC (nearly $72B).

What’s more, banking groups in the U.S. are pushing the Office of the Comptroller of the Currency (COO) to procrastinate decisions concerning banking charters for Circle, Ripple, and other crypto platforms. Moreover, Devin McGranahan, the CEO of Western Union, has announced plans to delve into the provision of off-ramp and on-ramp services for stablecoins in their digital wallet infrastructure.