$100B Exits Crypto Market as U.S. Government Shutdown Fear Grows

The crypto sector has lost up to $100B over the past 24 hours, while fears are growing about the potential U.S. government shutdown. Hence, the total crypto market capitalization has dipped by 1.38%, reaching $2.96T. However, the 24-hour crypto volume has surged 119.79%, touching $117.88B. At the same time, the Crypto Fear & Greed Index stands at 29 points, showing huge “Fear” among the traders.

Bitcoin ($BTC) Dips by 1.28% and Ethereum ($BTC) Experiences 2.68% Decrease

Particularly, the flagship crypto asset, Bitcoin ($BTC), is changing hands at $87,657.58, highlighting a 1.28% decrease. Additionally, the market dominance of Bitcoin ($BTC) sits at 59.2%. Along with that, the leading altcoin, Ethereum ($ETH), is now trading at $2,862.07, presenting a 2.68% price drop. In the meantime, its market dominance has reached 11.7%.

$PEPE, $TRUMP, and $FARTCOIN Lead Crypto Gainers of Day

Apart from that, PEPE AI ($PEPE), PEPE ($TRUMP), and FARTCOIN ($FARTCOIN) are dominating the list of today’s top crypto gainers. Specifically, $PEPE has surged by a staggering $958.34% to hit $0.0008849. Following that, a 919.30% increase has placed $TRUMP’s price at $0.000008971. Subsequently, $FARTCOIN’s current price is $0.00006858, led by a 580.61% climb.

DeFi TVL Drops by 1.98% While NFT Sales Volume Records 23.75% Increase

Simultaneously, the DeFi TVL has plunged by 1.98%, attaining the $118.148B spot. Additionally, the top DeFi project in terms of TVL, Aave, has seen a 1.30% decrease, reaching $33.562B. Nonetheless, when it comes to 1-day TVL change, POK Vault has become the top project, accounting for a 9621% increase over the past twenty-four hours.

Similarly, the NFT sales volume has also spiked by 23.75%, hitting the $10,129,743 figure. In the same vein, the top-selling NFT collection, Flying Tulip PUT, is now standing at $1,584,389 after a 43.66% growth.

Aperture Finance Investigates $3.67M Loss, UK FCA Advances Crypto Regulations

Concurrently, several other influential developments have also taken place across the globe over 24 hours. In this respect, Aperture Finance has started investigation into a contract vulnerability breach that led to a loss of almost $3.67M.

Moreover, the Financial Conduct Authority (FCA) of the United Kingdom is nearing the final phases of consultation procedure regarding substantial proposed crypto regulations. Furthermore, NEO Co-Founder, Zhng Zhengwen, has disclosed dissatisfaction after a recent meetup with Dahongfei and has called for leadership change, referring to a lack of concrete proposals regarding crucial issues.