Crypto Landscape Slightly Retreats Amid Wider Consolidation

The worldwide crypto sector has recently gone through a slight pullback. In this respect, the crypto market capitalization has reached $3.05T after a 4.43% dip over the past 24 hours. On the other hand, the 24-hour crypto volume has surged by 60.32%, touching the $146.48B mark. At the same time, the crypto Fear & Greed index is currently neutral at 40 points.

Bitcoin and Ethereum See 1.22% and 1.88% Drops

Bitcoin ($BTC) has seen a 1.22% decrease over the past twenty-four hours as its price has reached $101,202. Additionally, the market dominance of Bitcoin accounts for 65.0%. Apart from that, Ethereum ($ETH) is now changing hands at $2,234.43, following a 1.88% drop. Concurrently, Ethereum’s market dominance is approximately 8.7%.

$FUN, $DATA, and $BANANAS31 Lead Crypto Gainers

Along with that, the top gainers of the day include $FUN, $DATA, and $BANANAS31. Hence, $FUN has surged by 61.11% to reach $0.12299. Subsequently, $DATA stands at $0.01722 after a 29.67% upsurge. Following that $BANANAS31 has seen a 21.54% jump, reaching the $0.008266 mark in terms of price.

DeFi TVL Slumps by 1.98% and NFT Sales Witness 62.58% Decline

Presenting a similarly grim outlook to the crypto market, the DeFi sector has gone through a 1.98% decrease in its TVL that has touched $104.079B. Specifically, AAVE enjoys the status of the top DeFi project, with its TVL accounting for $22.795B despite a 3.65% dip. Nevertheless, when it comes to 24-hour TVL surge, Tangible is leading others with a 63995% increase.

However, the NFT market shows a noteworthy decline of 62.58% in sales volume which now equals $7,469,032.  Thus, the top NFT collection, Guilds of Guardians Heroes, has recorded an 18.52% decrease in sales.

Michael Saylor Hints Another $BTC Buyout for Strategy while OKX Intends to Get IPO in U.S.

While the crypto industry is confronting a consolidation phase, several important developments are occurring across the globe. Specifically, Michael Saylor (executive chairman of Strategy), has raised speculation of another Bitcoin buyout by publishing a caption of $BTC price chart on social media.

Moreover, the popular crypto exchange OKX is planning to acquire an Initial Public Offering (IPO) in the U.S. Furthermore, Coinbase has secured MiCA license from the state of Luxembourg to deliver services in twenty-seven EU states.