by Coinstrooper Crypto Articles
Quick Take
  • The start of this week has seen a shift in the investor sentiment across the crypto market.
  • In this respect, the overall crypto market capitalization has plunged to 3.96T after 1.96% decrease.
  • However, the 24-hour crypto volume has jumped by 38.11%.
  • Particularly, the top crypto coin, Bitcoin ($BTC), is changing hands at $114,488.28, denoting a 0.96% dip while its market dominance is 57.6%.

What Happened

The start of this week has seen a shift in the investor sentiment across the crypto market. In this respect, the overall crypto market capitalization has plunged to 3.96T after 1.96% decrease. However, the 24-hour crypto volume has jumped by 38.11%. Additionally, the growing “bull vs bear” tension is further highlighted by the sentiment as the Crypto Fear & Greed Index has dropped to 47 points while still sitting in the “Neutral” territory.

Moving on, the crypto landscape has also gone through several other developments over the 24 hours. In this respect, the popular crypto platform, Crypto.com, has reportedly seen a breach conducted by the members of Scattered Spider, a notorious hacker collective.

Market Context

Particularly, the top crypto coin, Bitcoin ($BTC), is changing hands at $114,488.28, denoting a 0.96% dip while its market dominance is 57.6%. In addition to this, Ethereum ($ETH) has dropped by 4.07%, whereas it dominates 13.1% of the market share.

Along with that, despite a 3.17% dip over 24-hours, $BNB’s weekly performance shows a staggering 10.41% growth. Nonetheless, Dogecoin ($DOGE) is trading at $0.2482 after a 7.46% dip. Another crypto asset, Aster ($ASTER) has made headlines the past week with a huge 7-day growth of1643% while its current price is 15.13% down at $1.47.

DeFi TVL Slumps by 2.56% While NFT Sales Volume Records 11.38% Growth

Similarly, the non-fungible token (NFT) sales volume has spiked by 11.38% to claim the $13,538,402 spot. Even then, the top-selling NFT collection, DMarket, has reached $936,252, after a 1.66% decrease.

Why It Matters

Bitcoin Slips by 0.96% and Ethereum Sees 4.07% Dip

$BRM, $AUTO, and $TURBO Lead Crypto Gainers of Day

Details

Apart from that, BullRun Meme ($BRM), Auto ($AUTO), and Turbo Trump ($TURBO) are the dominating crypto gainers of the day. Specifically, $BRM has surged by 4798.63% to reach $0.007128. Following that, $AUTO has gained a 1577.01% increase in the meantime, reaching $77.05. Subsequently, $TURBO stands at $0.1546, underscoring a 464.20% rise.

Simultaneously, the DeFi TVL has plunged by 2.56%, attaining the $157.365B mark. Additionally, the top DeFi project in terms of TVL, Aave, has witnessed a 2.80% decrease. On the other hand, HipPoWSwap has topped the DeFi projects in 1-day TVL change, displaying the best performance with a 15967587% increase.

Crypto.com Experiences Scattered Spider-Led Breach and Ronin Treasury Plans $RON Buyback

Moreover, Ronin Treasury is planning to begin a comprehensive buyback of $RON next week. Furthermore, Yamaha, BYD, and Toyota are now accepting crypto payments in $USDT across Bolivia.