Crypto Market Review: $WIF Up 34%, Fear and Greed at Neutral

The crypto market expressed mixed performance on the 29^th of January. As per data from Phoenix Group, $WIF has witnessed a 34% bounce while the Fear and Greed Index is neutral at 49, signifying an uncertain sentiment DeFi sector. The on-chain analytics provider shared the statistical overview of the market in a recent X post.

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$WIF Lead Crypto Market with 34% Surge over 24 Hours

The data reveals that the popular meme token $WIF has witnessed a remarkable 34% bounce after the recent 4% dip. Additionally, $MOVE and $BONK saw 19.06% and 11.95% price increases after 5.43% and 3.50% slumps respectively. Apart from that, $JTO and $VIRTUAL’s price spikes of up to 11.79% and 11.77% come after 0.29% and 0.54% dips respectively.

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class="wp-block-heading">$BTC Stays Atop with Impressive 58.2% Market Dominance

The top crypto assets including Bitcoin and Ethereum maintain their dominant position in the market. In this respect, Bitcoin’s dominance stands at 58.2% while Ethereum has a 10.9% market dominance. In addition to this, $BTC is changing hands at $102,883 whereas $3,153 is the price of $ETH. Along with that $ETH GAS has reached 2 GWEI with Bitcoin’s DeFi TVL reaching $177.25B. Moreover, the prominent crypto liquidations over the twenty-four hours deal with $BTC, $WIF, $XRP, $ETH, and $BTC. These well-known crypto assets saw $8.26M, $10.94M, $12.91M, $39.32M, and $64.52M in their latest 24-hour liquidations.

Crypto TVL Touches $3.50T with 24-Hour Volume Reaching $112.35B

According to Phoenix Group’s crypto market overview, the crypto sector displays a relatively stable position. Particularly, the Fear and Greed Index is presently neutral at 49. The cumulative number of crypto assets has reached 32,221. Furthermore, the market has also recorded a sheer rise in its market capitalization. The present market cap is approximately $3.50T.

Additionally, the 24-hour volume of crypto landscape accounts for almost $112.35B. Keeping in view the upturn of the aforementioned well-known crypto projects, the market underscores a building bullish momentum.