Crypto Market Begins September with Fear-Driven Bearish Momentum

The crypto market has kicked off September on a very cautious note as the top assets linger in red. In this respect, the cumulative crypto market capitalization has reached $3.74T after a 1.20% decrease over the past 24 hours.

However, the 24-hour crypto volume stands at $128.84B, showing a 15.17% rise in the meantime. Concurrently, the Crypto Fear & Greed Index has dropped to 39 points, indicating “Fear” in the market.

Bitcoin Dips by 0.80% and Ethereum Sees 1.26% Slump

Particularly, the top crypto asset, Bitcoin ($BTC), is hovering around $107,862.51, displaying a slight 0.80% dip in price. In addition to this, the market dominance of the leading cryptocurrency stands at 57.4%. Similarly, Ethereum ($ETH) has slumped by 1.26%, reaching $4,397.40. Along with that, the market dominance of the prominent altcoin is 14.2%.

$HOOD, $GROK, and $TRUMP Dominate Top Crypto Gainers

Apart from that, the top crypto gainers of the day include Robinhood ($HOOD), BOME GROK ($GROK), and $Mubarak Trump ($TRUMP). Specifically, $HOOD has experienced a staggering 651.09% increase to reach $0.03378. Subsequently, $GROK has jumped by 398.32%, attaining the $0.0003768 mark. Following that, the top 3rd crypto gainer is $TRUMP, claiming $0.002570 after a 420.47% rise.

DeFi TVL Drops by 1.73%, While NFT Sales Volume Records 7.22% Surge

Simultaneously, the DeFi TVL has dropped by 1.73%, reaching $150.629B. Additionally, the top DeFi project in terms of TVL, Aave, has seen a 1.74% slump while hovering around $39.165B. Nonetheless, when it comes to a 1-day TVL surge, zkBoost stands atop the other market participants, accounting for a 290291% rise over twenty-four hours.

Dissimilar to DeFi, the non-fungible token (NFT) sector has recorded a 7.22% increase in sales volume, touching $13,219,380. Even then, the top-selling NFT collection, Courtyard, has plunged by 15.78% while accounting for $1,682,347.

Metaplanet Lifts Treasury to $110M and Binance Lists $WLFI

Moving on, the crypto sector has also witnessed several other noteworthy developments. In this respect, Tokyo-listed Metaplanet has added 1,009 $BTC into its holdings, raising its treasury to a stunning $110M.

Moreover, Sonic Labs has obtained approval for its proposal to issue $200M in $S tokens to drive expansion in the U.S. markets. Furthermore, Binance has become the earliest crypto exchange to list the $WLFI token, which is the native token of the Trump-family-linked World Liberty Financial.