Crypto Market Shows Slight Recovery Despite Persistent Extreme Fear

The crypto landscape is witnessing a gradual recovery, as the latest data suggests. Thus, the total crypto market capitalization has surged by 2.95% to reach $2.26T. However, the 24-hour crypto volume has dipped 10.71%, reaching $93.16B. In the meantime, the Crypto Fear & Greed Index is standing at 11, showing “Extreme Fear” among the market participants.

Bitcoin ($BTC) Surges by 3.20% and Ethereum ($ETH) Sees 3.82%

Specifically, the top crypto asset, Bitcoin ($BTC), is now trading at $65,486.68. This price level indicates a 3.20% increase while the market dominance of the leading crypto asset is 58.0%. Additionally, the flagship altcoin, Ethereum ($ETH), is now changing hands at $1,905.58, signifying a 3.82% rise. In the meantime, the market dominance of $ETH sits at 10.2%.

$TSLA, $PENGU, and $PEPE Lead Top Crypto Gainers of Day

Apart from that, the list of today’s key crypto gainers includes Tesla ($TSLA), PENGU AI ($PENGU), and PEPE AI ($PEPE). Particularly, $TSLA has jumped by a staggering 1595.06%, touching $35.63. Additionally, $PENGU is now hovering around $0.002643 after a 1396.71% increase. Subsequently, a 1183.28% spike has pushed $PEPE’s price to $0.0005596.

DeFi TVL Jumps by 1.27% While NFT Sales Volume Plunges by 22.74%

Simultaneously, the DeFi TVL has increased by 1.27%, hitting the $92.682B mark. Additionally, the top DeFi project in terms of TVL, Aave, accounts for $26.368B after a 2.78% jump. However, when it comes to 1-day TVL change, FerdyFlip presents a stunning 486039% increase over the past twenty-four hours.

On the other hand, the NFT sales volume has dropped by 22.74% to reach $8,265,228. In the same vein, the top-selling NFT collection, Flying Tulip PUT, is 75.33% down at $1,722,926.

South Korean Jailed Over Crypto Dispute, Switzerland to Vote on Cash Protection

Moving on, the crypto industry has also seen several other key developments over 24 hours across the globe. In this respect, a South Korean person, who allegedly poisoned a business partner over crypto losses, is sentenced to jail.

Moreover, Switzerland is ready to officially vote on a proposal protect the cash availability. Furthermore, a Pump Private investor has sold his holdings in the $PUMP token at substantial loss following 8 months.