Crypto Market Plunges Amid Wider Fearful Sentiment

Crypto landscape is facing another dip across the notable assets. Hence, the total crypto market capitalization has dropped by 1.22% to reach $3.42T. In addition to this, the 24-hour crypto volume has also seen a 40.93% decrease, touching $129.78B. Concurrently, the Crypto Fear & Greed Index remains in the “Fear” zone while accounting for 24 points.

Bitcoin Slips by 0.62% and Ethereum Witnesses 1.26% Drop

Particularly, Bitcoin ($BTC), is trading at $101,822.84. This price signifies a 0.62% decrease over the past 24 hours. Additionally, the leading crypto asset’s market dominance is hovering around 59.3%. Along with that, the flagship altcoin, Ethereum ($ETH) is changing hands at $3,398.84, presenting a 1.26% dip. At the same time, the market dominance of Ethereum is nearly 12.0%.

$ARC, $IRIS, and $MAGA Dominate Crypto Daily Crypto Gainers

Apart from that, the list of top crypto gainers of the day includes ARC ($ARC), IRISnet ($IRIS), and TRUMP MAGA ($MAGA) in the leading positions. Specifically, $ARC has gone through a huge 789.99% surge to reach $0.01461 in price. Following that, $IRIS’s price is moving around $0.006831 after a 750.24% rise. Subsequently, a 727.65% increase has place $MAGA’s price at $2.71.

DeFi TVL Plunges by 1.25% and NFT Sales Volume Record 19.95% Slump

Simultaneously, the DeFi TVL has slumped by 1.25% over, attaining the $130.997B mark. Additionally, the top DeFi project in terms of TVL, Aave , has dipped by 2.19%, hitting $31.547B. However, when it comes to 1-day TVL change, pSTAKE Finance stands in the top position in the DeFi market, claiming a 31361140% increase over past twenty-four hours.

On the other hand, the NFT sales volume has dropped to $9,462,237 led by a 19.95% plunge. Even then, the top-selling NFT collection, DMarket, has recorded a 1.13% jump, reaching $1,071,376.

Pakistan to Release Rupee-Backed Stablecoin, Ethereum Schedules Fusaka Upgrade

Moving on, many other noteworthy developemnts have also occurred in the crypto sector. In this respect, Pakistan is planning to introduce its own stablecoin collateralized by the rupee amid concerns highlighted over delay in digital asset regulation.

Moreover, Italy has expressed support for the development of digital euro by the European Central bank, with pilot phase to likely begin in 2027. Furthermore, Ethereum has set December 3 as the date to release its upcoming Fusaka upgrade.