Crypto Bloodbath: Bitcoin Tumbles 12% as Altcoins Follow Into the Abyss

Digital assets got wrecked today—no fancy jargon, just a straight-up massacre. Bitcoin nosedived below $50K for the first time since January, dragging Ethereum, Solana, and memecoins down with it. Even ’stable’ alts like BNB got caught in the liquidation storm.

Why? Pick your poison: Macro fears over inflation data, Mt. Gox repayments looming, or just good old-fashioned leverage flushing out. Traders who chased the ATH are now nursing -30% portfolios—because nothing says ’store of value’ like a 20% intraday swing.

Silver lining? The dip-buyers are already circling. After all, Wall Street still needs retail bagholders to offload their ETF shares onto.

The crypto market is going through massive volatility, as the key crypto assets like Bitcoin ($BTC) display noteworthy price fluctuations. In this respect, the cumulative crypto market capitalization has touched $3.45T after a 1.329% dip over 24 hours. Additionally, the twenty-four-hour spot volume has risen by a considerable 0.59% to reach $100.5B while Fear & Greed Index shows “greed” at 70 points.

Bitcoin ($BTC) and Ethereum ($ETH) See 1.39% and 2.22% Dips

Bitcoin ($BTC) is now trading at $102,394, showing 1.39% increase over the past twenty-four hours. Along with that, its market dominance is 59.19%, presenting a 0.07% decline. Simultaneously, ethereum ($ETH) displays a 2.22% decrease in its price that has touched $2,445. In addition to this, its market dominance stands at 8.60% following a 0.89% dip.

$PASTERNAK Leads Small-Cap Gainers with 296% Rise While $PI Tops Large-Cap Losers with 14.2% Slump

Despite this bearish outlook in the market, as seen in the case of large-cap projects, small-cap crypto assets have witnessed huge gains. Among the small-cap gainers, $PASTERNAK is the top project, accounting for a significant 296% surge at $0.0587. On the other hand, $PI has topped large-cap losers with a 14.2% decline at $1.10.

DeFi TVL Plunges by 2.72% Amid NFT Sector’s 5.97% Increase in Sales Volume

Analogously, the DeFi landscape also demonstrates a grim outlook with a 2.72% loss in TVL. Hence, its current total value locked is $114.356B. The top DeFi project in terms of TVL is AAVE, comprising $23.779B.

However, when it comes to 1-day TVL growth, dVOL is leading the DeFi sector after a 1836679% rise. Contrarily, the NFT market has jumped by 5.97% to claim the $17,341,456 mark in sales volume. Particularly, Courtyard remains the top name among NFT collections with $1,400,637 in sales despite a 32.32% dip.

Coinbase to Add $COIN to S&P 500 and Pump.fun to Introduce Creator Revenue-Sharing Project

In the institutional sphere, T-Rex, DoubleUp, and Turtle.Club are notable for conducting noteworthy funding rounds. Specifically, T-Rex collected $17M while DoubleUp and Turtle.club have gained $4.0M and $6.2M respectively.

Additionally, Coinbase has disclosed its plan to add its $COIN token to the S&P 500. Moreover, pump.fun is unveiling a creator revenue-sharing project. Furthermore, U.S. President’s social media platform Truth Social has discarded the rumors of an exclusive memecoin launch.