Crypto Market Struggles for Recovery As Extreme Fear Raises Risk-Off Sentiment

BTC0,56%
ETH2%
DOGS5,17%
PEPE2,12%

The crypto sector is experiencing a wider downturn with a discouraging outlook. Hence, the total crypto market capitalization has dropped by 1.07% to reach $.34T. In addition to this, the 24-hour crypto volume is 19.11% down at $100.84B. Concurrently, the Crypto Fear & Greed Index is still in the “Extreme Fear” zone while accounting for 16 points.

Bitcoin ($BTC) Dips by 1.51% and Ethereum ($ETH) Sees 1.61% Drop

Particularly, the leading crypto asset, Bitcoin ($BTC), is changing hands at $67,769.88. This price level indicates a 1.51% plunge while the market dominance of the flagship cryptocurrency is 57.9%. In addition to this, the top altcoin, Ethereum ($ETH), is trading at $2,047.53, indicating a 1.61% drop. In the meantime, the market dominance of $ETH sits at 10.6%.

$DOGS, $PEPE, and $D Dominate List of Daily Crypto Gainers

Apart from that, the leading crypto gainers of the day include HARRIS DOGS ($DOGS), PEPE AI ($PEPE), and D ($D). Specifically, $DOGS has surged by a staggering 1564.74% to reach $0.02200. Following that, a 1045.12% increase has placed $PEPE’s price at $0.0005588. Subsequently, $D is now hovering around $0.00004582 after a 940.24% rise.

DeFi TVL Slumps by 0.58% and NFT Sales Volume Records 16.02% Decrease

Simultaneously, the DeFi TVL has plunged by 0.58% to hit $95.443B. Additionally, the top DeFi project in terms of TVL, Aave, accounts for $27.072B after a 0.76% decrease. Nevertheless, when it comes to 1-day TVL change, AlphaX enjoys the leading position in the DeFi sector, claiming a stunning 14194465% increase over the past twenty-four hours.

On the other hand, the NFT sales volume has slumped by 16.02%, touching $5,087,276. In the same vein, the top-selling NFT collection, $BTC BRC-20 NFTs, shows a 0.04% dip at $814,442.

Stripe Purchases PayPal, WLFI Proposes 180-Day Staking Requirement for Governance Voting

At the same time, the crypto industry has also witnessed many other key developments across the globe over 24 hours. In this respect, Stripe has unveiled interest in purchasing all or a portion of PayPal, indicating a potential shift in the worldwide digital payments landscape.

Moreover, Trump-linked World Liberty Financial (WLFI) has proposed a minimum 180-day $WLFI staking for those looking to vote on governance. Furthermore, Citi Bank has revealed plans to integrate Bitcoin to benefit institutional investors.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin soars into orbit! The era of space mining begins, and Mars can now receive payments

The startup company Starcloud plans to launch its second spaceship this year to conduct Bitcoin mining in Earth's orbit, becoming the first company to mine in space. Space mining utilizes free solar energy and low-cost ASIC hardware, making it more economically viable than ground-based mining. Although theoretically, Bitcoin transactions can be transmitted to Mars within three minutes, due to communication delays, local mining on Mars remains unfeasible.

MarketWhisper6m ago

Flow Foundation Files Emergency Lawsuit to Prevent Delisting in Korea! FLOW Token Plunges 75%

Flow Foundation has applied to the Korean court to suspend the delisting plans of major exchanges for FLOW tokens, citing that other global exchanges have resumed support after the incident. The security breach caused a 75% drop in the FLOW token's value, impacting its market supply and reputation, although the token remains tradable on other markets. If the court application fails, it could affect FLOW's liquidity in South Korea.

MarketWhisper11m ago

Probability of US stock market crash rises to 35%? Bitcoin holds at $67,000, but risk assets may face greater volatility

Amid increasing volatility in the global financial markets, Bitcoin's price remains relatively stable at approximately $67,378, but analysts warn that a significant pullback in the U.S. stock market could still pressure the crypto market. Major cryptocurrencies such as Ethereum, BNB, and Dogecoin have all risen slightly. Meanwhile, S&P 500 futures declined, oil prices broke through $100, and market panic sentiment increased. Analysts have raised their estimates of the probability of a U.S. stock market crash, indicating that the economy faces dual challenges of inflation and employment pressures.

GateNews35m ago

DEXE (DeXe) up 18.38% in the last 24 hours

Gate News Bot Message, March 09, According to CoinMarketCap data, as of press time, DEXE (DeXe) is trading at $4.39, up 18.38% in the past 24 hours, with a high of $4.41 and a low of $3.19. The 24-hour trading volume reached $14.3 million. The current market capitalization is approximately $367 million, an increase of $57 million from yesterday. DeXe Protocol is an innovative infrastructure for the next-generation Web3 governance solutions, dedicated to supporting the creation and management of Decentralized Autonomous Organizations (DAOs). The protocol is empowered by a strong decentralized community and offers a comprehensive library of smart contract tools, including over 50 smart contract modules such as DAO contracts, governance contracts, treasury contracts, launchpad contracts, delegation contracts, and advisory contracts, helping users in multiple ways.

GateNews2h ago

ETH breaks through 2000 USDT, 24-hour increase of 2.66%

Gate News Report, March 9th: Market data shows that ETH broke through the 2000 USDT threshold, currently trading at 2000.98 USDT, with a 24-hour increase of 2.66%.

GateNews2h ago

War risk shocks global markets: oil prices surge past $110, Asian stock markets plummet, Bitcoin stays steady at $67,000

Middle Eastern geopolitical risks have intensified, leading to a sharp decline in Asian stock markets, a surge in energy prices, and crude oil surpassing $110. Despite market concerns, cryptocurrencies like Bitcoin remain stable. Oil prices are expected to continue rising, but some traders anticipate a correction. The Federal Reserve's interest rate expectations remain stable, and future oil price increases could impact inflation.

GateNews2h ago
Comment
0/400
No comments