Crypto Market Records Pullback Amid Altcoin Volatility and Mixed Sentiment

The crypto landscape market has experienced a significant downturn over the past 24 hours. Hence, the cumulative crypto market capitalization has reached $4.03T, showing a 3.40% dip. However, the 24-hour crypto volume has jumped by 10.11% in the meantime to attain the $2774.66B mark. In addition to this, the Crypto Fear & Greed Index has also plunged to 59 points, indicating neutral position.

Bitcoin Dips by 3.26% and Ethereum Sees 2.65% Decline

Particularly, the top crypto asset, Bitcoin ($BTC), has gone through a 3.26% plunge to reach the $118,854 mark in terms of price. Additionally, the market dominance of the flagship crypto asset now accounts for 58.7%. Along with that, Ethereum ($ETH) has touched the $4,618.28 mark after a 2.65% decrease. At the same time, its market dominance has reportedly reached the 13.8%.

$GROK, $TSLA, and $BOME Dominate Crypto Gainers of Day

Apart from that, the key crypto gainers of the day include SORA GROK ($GROK), Tesla ($TSLA), and Book of Meme 3.0 ($BOME). Specifically, $GROK has surged by 506.40% to reach $0.4686. Following that, $TSLA accounts for 458.36% increase while currently trading at $25.62. Subsequently, $BOME has jumped by 350.85% to touch $0.000000002703.

DeFi TVL Plunges by 2.29%, While NFT Sales Volume Jumps by 35.26%

At the same time, the DeFi TVL has dropped by 2.29%, reaching $155.745B. Additionally, the top DeFi project based on TVL, Lido , has also seen a 3.00% plunge to reach $41.046B. However, when it comes to 1-day TVL rise, BiShares leads the market, accounting for a stunning 65929% increase over past twenty-four hours.

On the other hand, the NFT sales volume has witnessed a 35.26% increase, touching $31,599,272. Simultaneously, the top-selling NFT collection, Bored Ape Yacht Club, has seen a remarkable jump of 1019,36%, with its sales volume accounting for $9,081,212.

US Treasury Declares Budget-Neutral Bitcoin Reserve, Avenir Boosts BlackRock’s BTC ETF to $1.01B

Overall, the crypto landscape has also witnessed many other notable developments over 24 hours. In this respect, the U.S. Treasury Secretary Scott Bessent has asserted that the Strategic Bitcoin Reserve will remain budget-neutral while using confiscated Bitcoin ($BTC) for its growth.

Moreover, Hong Kong’s Avenir Group has expanded the Bitcoin ETF holdings of BlackRock to $1.01B, making it peak institutional holder in Asia. Furthermore, the Trump family-powered mining platform American Bitcoin has acquired 16,299 Bitmain Antminer rigs for $314M.