The global crypto market experienced a notable downturn, dropping 2.30% in total market capitalization to settle at $3.21 trillion. While the price of top digital assets declined, crypto trading volume surged 43.17%, reaching $145.89 billion in the past 24 hours. The Crypto Fear & Greed Index holds steady at a neutral 46, indicating cautious market sentiment.
📉 Bitcoin and Ethereum Lead the Market Drop
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Bitcoin (BTC) has fallen 1.42%, now trading at $103,191.36
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BTC dominance remains strong at 63.7%
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Ethereum (ETH) took a sharper hit, down 6.05%, priced at $2,459.30
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ETH dominance dropped to 9.2%
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This broader weakness across major assets suggests profit-taking and cautious positioning amid macro uncertainty.
🚀 Meme Coins Rally: $CAT, $AXR, $PEOPLE Dominate Daily Gainers
Despite the market dip, a handful of meme and micro-cap coins saw massive gains:
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$CAT: +627.37% → $0.0004207
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$AXR: +559.58% → $0.0002404
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$PEOPLE: +463.20% → $0.0005527
These spikes indicate speculative interest remains high in select altcoins, even during market pullbacks.
🧮 DeFi Total Value Locked Drops 3.52%
The DeFi sector mirrored broader losses, with TVL falling 3.52% to $108.62 billion.
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Top DeFi protocol by TVL: AAVE at $24.19B
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Biggest 24h gainer: zkBoost, up a staggering 211,792%
Though DeFi remains one of crypto’s most promising verticals, the latest dip reflects current market volatility.
🎨 NFT Market Contracts by 18.65%
NFTs also faced headwinds:
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NFT Sales Volume: Down 18.65%, totaling 16.77 million
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Top-selling collection: Guild of Guardians with $2.03 million in 24h volume
This retracement suggests waning interest or shifting capital flows amid the bearish trend.
📰 Notable Headlines: Metaplanet, Trump Media, and Bitpro
Despite the bearish market action, several key developments signal ongoing institutional activity:
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🇯🇵 Metaplanet doubled its Bitcoin treasury with a new 1,088 BTC acquisition, bringing its total to 8,888 BTC
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🇺🇸 Trump Media Group filed a $2.3B S-3 registration with the U.S. SEC, hinting at potential Bitcoin reserves
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🇹🇼 Bitpro, a Taiwan-based crypto exchange, confirmed an $11 million exploit
These stories underscore the growing intersection of crypto, geopolitics, and finance.
📌 Conclusion
The crypto market’s latest correction shows how quickly sentiment can shift, especially after extended bullish runs. While Bitcoin and Ethereum are pulling back, meme coins are defying gravity and institutional players continue to build. Meanwhile, DeFi and NFTs remain under pressure. As always, investors should stay informed and practice sound risk management in this fast-moving environment.