In the past 24 hours, the global cryptocurrency market cap dropped by 7.3%, now standing at $3.84 trillion. Trading volume reached $152.8 billion during the same period. A total of 17,852 cryptocurrencies are currently being tracked, reflecting continued activity despite the downturn.

Major Events to Look for Today:

Source: Forex Factory

Crypto Fear and Greed Index

Source: Alternative

Over the last 24 hours, the Crypto Fear and Greed Index stands at 65, indicating a "Greed" sentiment. While slightly lower than yesterday’s 72, it remains higher than last month’s 63, reflecting continued market optimism.

Latest Market Update

The total volume of cryptocurrency trading during the past 24 hours was $146 billion, which means that investors are still active, in spite of the overall corrections. Bitcoin and Ethereum remain the most active by volume, and new tokens also experience significant activity.

Bitcoin is currently trading at $115,169, maintaining its dominance in the crypto market at 59.9%. With a trading volume exceeding $51 billion and a market cap of $2.28 trillion, it remains the top-trending cryptocurrency. Despite slight fluctuations, Bitcoin remains a key anchor for overall market sentiment.

The stablecoin sector, known for maintaining price stability through collateralization or supply adjustments, holds a market cap of $6.83 billion. This reflects a 3.6% decrease over the past 24 hours, while its trading volume stands at $2.6 billion. Despite the decline, stablecoins remain crucial for liquidity and volatility management in the ecosystem.

The decentralised finance (DeFi) has also seen a dip, with its total market cap now at $142 billion, down by 4.0% in the last 24 hours. DeFi continues to offer blockchain-based financial services like lending, borrowing, and trading, with $9.82 billion in trading volume recorded during the same period.

Top gainers in the crypto include BankrCoin (BNKR), which soared by 61.4%, followed by ZND Token with a 45.0% increase. while Wilder World (WILD) led the list of top losers with a 32.0% drop

Polkadot Ecosystem and XRP Ledger Ecosystem cryptocurrencies are the best sectors today, as they have recorded high gains in their tokens and attracted the attention of investors.

Major Worldwide News Update

The Bank of Japan kept interest rates steady at the current level. Even with the fear of inflation, Japan declared a relief package of 6.3 billion dollars. Such a cautious approach and trade tensions are creating confusion and mixed signals in the crypto market, and volatility is a possibility in the future.

The largest crypto exchange in India, CoinDCX, suffered a $44 million hack by the Lazarus Group of North Korea. Rahul Agarwal, a CoinDCX employee, was arrested, but it is possible that he is a scapegoat. The hack was social engineering-based based and customer funds are secure in cold wallets. The company is collaborating with specialists to retrieve the assets and cautions the users to remain vigilant against phishing.

In a recent post on Truth Social, Former President Donald Trump slams India and Russia , saying their economies are dead and criticizing the high tariffs in India. He cautioned against the U.S. trade with the two nations and singled out Russian President Medvedev. His trenchant comments are indicative of his continued America First policy and may affect future trade negotiations should he come back to power.

SEC Chairman Paul Atkins has launched “Project Crypto” to update the U.S. laws on digital assets. With the help of the pro-crypto vision of President Trump, it is expected to help clarify the regulations regarding tokens, promote DeFi, tokenize real-world assets, and develop innovation-friendly policies. The project would make the U.S. a world leader in blockchain and cryptocurrency.

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