Crypto Market Experiences Dip With Market Cap As Uncertainty Grows

The worldwide crypto market has recently seen a provisional dip as reflected by the cryptocurrencies. Hence, the cumulative crypto market capitalization has reached $3.34T after a 1.94% decline while the 24-hour crypto volume has witnessed a 6.62% decrease to touch $136.07B. Apart from that, the crypto Fear & Greed index shows noteworthy “greed” at 61 points.

Bitcoin Slips by 1.37% and Ethereum Sees 3.23% Decrease

The flagship crypto asset Bitcoin ($BTC) has recorded a 1.37% plunge that has pushed its price down to $106,156.96. Additionally, the market dominance of Bitcoin accounts for 63.0%. Along with this, Ethereum ($ETH) has experienced a 3.23% decrease as its price has slipped to $2,637.12. Similarly, the market dominance of $ETH is currently sitting at 9.5%.

$FTW, $CO, and $TRUMP Secure Top Ranks among Daily Crypto Gainers

In addition to this, the daily crypto gainers take into account Black Agnus ($FTW), Coin ($CO), and PEPE ($TRUMP) as the top performers. Particularly, $FTW has effectively recorded a 2272.17% rise to reach $0.00000008086 in terms of price. After that, $CO’s price is $0.0001063 as a result of a 650.36% increase. Subsequently, $TRUMP enjoys a 476.25% upsurge, reaching $0.000001956.

DeFi TVL Declines by 2.29% Apart from 13.40% Decrease in NFT Sales Volume

Parallel to the slight dip in the broader crypto landscape, the DeFi market has also expressed a 2.29% decrease, following which its TVL has plunged to $116.099B. Hence, the top DeFi platform AAVE accounts for a 3.61% decline despite leading the market, with its TVL reaching $24.939B. Nonetheless, Tangible is dominating the DeFi platforms in terms of 1-day TVL change, indicating a 55463% increase over twenty-four hours.

Simultaneously, the non-fungible token (NFT) landscape has also slumped by 13.40% in sales volume, which now accounts for $13,479,590. Specifically, Courtyard is at the peak among NFT collections with its sales volume touching $1,386,468.

Trump Appeals Tariff Ruling as SEC Talks Crypto Rules with Kraken

Overall, the current decline in the crypto sector is a result of the macroeconomic uncertainty, led by the U.S. tariff tensions. In this respect, the President Donald Trump’s administration has reportedly appealed to the court to halt the decision to cancel the tariffs announced by the government.

Nonetheless, at the same time, amid the rising crypto hype, the U.S. SEC is conducting talks with the popular crypto exchange Kraken for adequate crypto regulations and asset tokenization. Moreover, IMF has approved $120M loan for the Bitcoin-proponent country El Salvador.