Crypto Market Sees Downturn As Bitcoin Drops To $108K

The crypto landscape has recently experienced a dip, with top assets recording notable price slumps. The latest data reveals a 2.69% plunge in the cumulative crypto market capitalization that has reached $3.42T. However, the 24-hour crypto trading volume stands at $160.18B after a 1.34% rise while Fear & Greed index has reached the 67 points, indicating “greed.”

Bitcoin Plunges by 2.23% and Ethereum Witnesses 5.47% Dip

Bitcoin’s ($BTC) current price is $108,319.17, denoting a 2.23% decrease over the past 24 hours. Additionally, the market dominance of Bitcoin ($BTC) is 63.1%. Similarly, Ethereum ($ETH) has also recorded a noteworthy dip of almost 5.47% after which its price accounts for $2,548.89. Apart from that, Ehtereum’s market dominance is 9.0%.

$HODL, $MIST, and $FTW Lead Top Daily Crypto Gainers with 2275.25%, 1456.89% and 1317.49% Price Upsurges

The top names among the daily crypto gainers include HODL ($HODL), Mist ($MIST), and Black Agnus ($FTW). $HODL’s price has seen a stunning 2275.25% rise to reach $0.0007443. In addition to this, $MIST is changing hands at $0.002173 following a 1456.89% increase. Subsequently, $FTW accounts for a 1317.49% upsurge at its latest price level of $0.00000006280.

DeFi TVL Slumps by 3.17% While NFT Sales Volume Records 17.50% Dip

Just like the wider crypto market decline, the DeFi landscape has also dropped by 3.17% to reach $117.297B in TVL. The top DeFi project is AAVE as its TVL stands at $24.834B. In the same vein, the NFT market has declined by 17.50% when it comes to sales volume and has now touched $15,865,258. Additionally, the top NFT collection is Courtyard, accounting for a 46.45% increase that has raised its sales volume to $2,994,892.

Trump Slaps 50% Tariffs on EU as Tron Founder Buys $75M in $TRUMP

This widespread crypto downturn is mainly associated with the U.S. President Donald Trump’s recent announcement to impose 50% tariff on goods coming from European Union. Simultaneously, the Tron founder Justin Sun’s buyout of $75M $TRUMP buyout has also raised the eyebrows of several members of the crypto community. Moreover, after the recent conclusion of the controversial Trump gala dinner, the $TRUMP holders have begun to dump their tokens.