Overall Market Sentiment & Performance

  • Bearish Sentiment: The market is in a "Fear" phase, as indicated by the Crypto Fear & Greed Index at 29.

  • Declining Capitalization: Total crypto market cap fell 1.08% to $2.98 trillion.

  • Rising Volume: Despite the dip, 24-hour trading volume surged 23.07% to $97.36 billion, suggesting high activity.

Major Cryptocurrency Performance

  • Bitcoin (BTC): Price dropped 1.16% to $87,904.24, maintaining a 59.0% market dominance.

  • Ethereum (ETH): Price fell 1.92% to $2,980.55, with a 12.1% market dominance.

Top Daily Gainers (Memecoins)

Extreme volatility was seen in smaller-cap memecoins:

  1. ANTSCOIN ($ANT ): Skyrocketed 1,948.90% to $0.0002131.

  2. Book of Meme 3.0 ($BOME ): Soared 834.22% to $0.00000006328.

  3. TURBO BOME ($TURBO ): Jumped 825.67% to $0.000002379.

DeFi & NFT Sectors

  • DeFi TVL: Slightly decreased by 0.12% to $120.21 billion.

    • Leader Aave dropped 0.95% in TVL.

    • Spherium saw an explosive 31,892% 24-hour TVL increase.

  • NFT Sales Volume: Surged 54.49% to $12.64 million.

    • Top collection $X@AI BRC-20 NFTs had an astronomical 22,896,442.12% sales increase.

Key Industry Developments

  1. Major Mining Shutdown: 400,000 Bitcoin mining rigs were shut down in China.

  2. Stablecoin Payment Pilot: BC Card in Korea successfully piloted a system allowing foreign consumers to pay with stablecoins at local merchants.

  3. Large ETH Accumulation: Bitmine has acquired over 4 million ETH following a new purchase.