The cryptocurrency market experienced a 0.38% decline in total market capitalization, now standing at $3.42 trillion, as the Crypto Fear & Greed Index hit 21, signaling extreme fear among investors. Trading volume increased by 6.23% to $174.77 billion. Bitcoin and Ethereum saw declines of 0.74% and 0.65%, respectively, while tokens such as $CATX, $PENGU, and $DOGS surged by over 400%.
In the decentralized finance sector, total value locked (TVL) decreased by 1.79% to $130.592 billion, and NFT sales volume dropped 12.92% to $11.64 million. Meanwhile, Bitwise's Dogecoin ETF is anticipated to receive approval within the next 20 days. Additionally, South Korea has identified new anti-money laundering challenges related to cryptocurrency crime.
Crypto Market Declines Amid Extreme Fear; Bitwise Doge ETF Decision Pending
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
