Crypto Market Signals Short-Term Dip as Key Assets Turn Red

The crypto landscape is experiencing a provisional decline, with notable assets showing price plunges over the past 24 hours. As per the latest market statistics, the cumulative crypto market capitalization has dropped by 1.07% to reach $3.83T.

In addition to this, the 24-hour crypto volume has also seen a 20.20% decrease, reaching $144.14B. At the same time, the Crypto Fear & Greed Index is also standing within the neutral zone while accounting for 46 points.

Bitcoin Drops by 0.84% and Ethereum Sees 0.43% Decline

Particularly, the flagship crypto asset, Bitcoin ($BTC), has seen a slight 0.84% slump that has placed its price at $112,857.91. Additionally, the market dominance of the leading crypto asset is nearly 58.6%. Along with that, Ethereum ($ETH) has also witnessed a minor 0.43% decrease, after which its price has touched $4,276.81. Concurrently, its market dominance is almost 13.5%.

$PENGU, $TRUMP, and $ANI Dominate Crypto Gainers of Day

Concurrently, PENGU AI ($PENGU), Mubarak Trump ($TRUMP), and Ani Grok Companion ($ANI) are the leading among key crypto gainers. Specifically, $PENGU has witnessed a stunning 684.74% increase, with its price reaching $0.000006164. Additionally, $TRUMP’s price accounts for $0.0004547 after a 460.31% increase. Subsequently, $ANI has seen a 281.21% rise to claim the $0.0003156 mark.

DeFi TVL Plunges by 0.37% While NFT Sales Volume Rises by 8.31%

Just like the bearish crypto momentum, the DeFi TVL has also dropped by 0.37%, attaining $149.061B spot.  Additionally, the top DeFi project in the case of TVL, Lido, has recorded a 0.39% dip, touching $37.796B. Nonetheless, when it comes to a 1-day TVL upsurge, Saros dominates the market, accounting for a 894% increase over twenty-four hours.

Contrary to the plunging DeFi sector, the NFT sales volume has recorded an 8.31% rise to reach $19,808,396. However, the top-selling NFT collection, Alice Keys of Power, remains neutral with its sales reaching $3,019,689.

MetaMask Releases $mUSD and Gemini Gets MiCA License to Run Regulated Operations in the EU

Overall, the crypto industry has also witnessed several crucial developments over the past twenty-four hours. In this respect, MetaMask has unveiled MetaMask ($mUSD) as its native stablecoin for Linea and Ethereum.

Moreover, OKX has introduced the $PI/$USDC token pair to drive liquidity as well as trading opportunities. Furthermore, Gemini has obtained MiCA license from Malta to run regulated operations in EU.