Crypto Market Dips 0.03% to $3.28 Trillion Bitcoin Falls 1.28% to $106,971.84

The crypto market has experienced a slight downturn over the past 24 hours, with the total market capitalization decreasing by 0.03% to reach $3.28 trillion. This minor dip is reflected in the overall crypto Fear & Greed index, which stands at 49 points, indicating a neutral market sentiment. The 24-hour crypto volume has also decreased by 5.12%, reaching $92.86 billion.

Bitcoin, the leading crypto asset, has seen a 1.28% price drop, bringing its value to $106,971.84. Despite this decline, Bitcoin's market dominance remains strong at 64.9%. Similarly, Ethereum has experienced a 1.21% price decrease, trading at $2,465.66, with a market dominance of 8.9%.

Among the top gainers in the crypto market are Black Phoenix ($BPX), The America Party ($TAP), and BOME GROK ($GROK). $BPX has surged by 4152.28%, reaching $2.77. $TAP has seen an 1175.70% increase, trading at $0.003035. $GROK has also experienced a significant rise, with a 979.43% increase, trading at $0.0001267.

The DeFi market's total value locked (TVL) has decreased by 0.34%, currently standing at $113.216 billion. AAVE maintains its top position among DeFi protocols, with a TVL of $24.966 billion. Brise Swap has shown a remarkable 140****9843447080960% increase in 1-day TVL change. The NFT sector has also seen a notable decline, with sales volume dropping by 52.36% to $12,667,469. The most selling NFT collection, Courtyard, has experienced a 17.90% dip in sales, with its sales volume reaching $2,210,977.

The broader crypto market has seen a mixed performance, with some assets experiencing gains while others faced losses. The market's volatility is evident as Bitcoin's price fluctuated, briefly dipping before stabilizing. Despite the minor drop, Bitcoin's overall performance for the week remained positive, with its price standing at $106,808 and a market cap exceeding $2.12 trillion. The current market trend indicates a range-bound fluctuation pattern, with bullish forces still dominating. Technical analysis suggests that the range of $106,500 to $106,000 may serve as a key support level. If this level holds, the market is expected to challenge the resistance level of $108,500 to $109,000. However, investors are advised to remain cautious of potential drastic fluctuations and closely monitor various influencing factors. The fundamentals of the Bitcoin market remain relatively robust, despite short-term disturbances caused by external events. Investors are encouraged to consider their risk tolerance and allocate assets reasonably to navigate the market's potential situations.