The worldwide crypto market is facing significant downward pressure. Hence, the total crypto market capitalization has plunged by 2.79% over the past 24 hours, reaching $2.96T.  However, the 24-hour crypto volume presents a 34.46% increase, hitting $101.19B. At the same time, the Crypto Fear & Greed Index is standing at 29 points, highlighting noteworthy “Fear” across the market.

Particularly, the leading crypto asset, Bitcoin ($BTC), is changing hands at $87,132.72. This price level indicates a 3.21% dip while $BTC’s market dominance is 58.9%. In addition to this, the flagship altcoin, Ethereum ($ETH), is currently trading at $2,937.44, presenting a 3.22% drop. In the meantime, $ETH’s market dominance reportedly accounts for 12.0%.

Apart from that, Tesla ($TSLA), JoJoWorld ($JOJO), and Coloniume Network ($CLNX) are leading the top crypto gainers of the day. Specifically, $TSLA has jumped by a staggering 3768.01%, hitting $0.2868. Subsequently, $JOJO is now hovering around $0.2957 following a 913.31% rise. Following that, $CLNX has witnessed a 748.04% surge, touching the $0.1225 mark.

Simultaneously, the DeFi TVL has dropped by 1.08%, attaining the $117.475B spot. Additionally, the top DeFi project in terms of TVL, Aave, has dipped by 0.48%. Nonetheless, when it comes to 1-day TVL change, Brise Swap occupies the 1st position within the DeFi landscape, accounting for a stunning 4449170283283979776% increase over the past twenty-four hours.

On the other hand, the NFT sales volume has recorded a 3.72% slump, claiming the $10,932,598 figure. In the same vein, the top-selling NFT collection, DMarket, has gone through a 48.67% dip, reaching $1,981,514.

Moving on, the crypto industry has also seen several other influential developments over the past 24 hours. In this respect, the U.S. Representative, Maxine Waters, has demanded a hearing with Paul Atkins, the SEC Chair, highlighting apprehensions over the dismissal of crypto-related cases.

Moreover, ZachXBT, a popular blockchain investigator, has tracked an apparent Coinbase support for a $2M scam. Furthermore, Lighter, a renowned decentralized perpetual exchange, has unveiled its flagship $LIT token to connect DeFi infrastructure and traditional finance (TradFi).

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