The cryptocurrency market experienced a downturn as Bitcoin and Ethereum both declined by over 3% within 24 hours. This drop contributed to a decrease in the total market capitalization, which fell by 2.79% to $2.96 trillion. The fear and greed index, a measure of market sentiment, registered at 29, indicating widespread fear among investors. In the decentralized finance (DeFi) sector, total value locked (TVL) decreased by 1.08% to $117.475 billion, while non-fungible token (NFT) sales saw a 3.72% decline, totaling $10.93 million. Meanwhile, Tesla (TSLA) shares surged by an extraordinary 3,768.01%. Additionally, U.S. Representative Maxine Waters has called for a Securities and Exchange Commission (SEC) hearing on cryptocurrency-related cases, and blockchain investigator ZachXBT has linked a $2 million scam to potential Coinbase support.