The global cryptocurrency market is exhibiting a cautious and mixed performance, with major assets like Bitcoin and Ethereum experiencing slight pullbacks while select altcoins post staggering gains. The total market capitalization has seen a modest increase of 1.79% to reach $2.41 trillion, according to recent data. However, trading volume has contracted sharply, falling by 30.29% to $94.7 billion, indicating reduced market activity.
Market sentiment remains deeply bearish, with the Crypto Fear & Greed Index registering a score of 9, firmly in the "Extreme Fear" territory. Despite this, Bitcoin (BTC) has managed a 2.55% increase to trade around $70,965.50, though other reports note a slight dip to $69,200.81, reflecting ongoing volatility. Its market dominance stands at 58.9%. Ethereum (ETH) shows similar mixed signals, with a reported 0.51% rise to $2,088.34, but also a noted decline to $2,041.41 in other updates. Its market dominance is 10.5%.
The standout performers are among smaller-cap altcoins and memecoins. PEPE AI (PEPE) has skyrocketed by an astonishing 1,238.85% to $0.0006388. Similarly, HARRIS DOGS (DOGS) surged 1,090.88% to approximately $0.1375, and IRISnet (IRIS) saw a 720.29% increase to $0.004390. Other notable gainers include Greyhunt (HUNT), which saw an 83.7% increase in trading volume, and Pepecoin (PEP), up 46.4%.
In the DeFi sector, the Total Value Locked (TVL) increased by 0.46% to $98.73 billion. Aave leads as the top project with a TVL of $28.46 billion, while Mirakle Defi recorded an extraordinary 24-hour TVL change of 2,162%. Conversely, the NFT market saw a 2.67% drop in sales volume to $6.91 million.
Industry developments continue apace. Crypto.com CEO Kris Marszalek unveiled a personalized AI agent platform via the website ai.com. CoolWallet has integrated TRON energy rental services to help users manage TRC-20 assets like TRX more efficiently. Additionally, Tether announced plans to expand its workforce by 150 employees over the next 18 months.
