Crypto market is experiencing diversified developments while the number of cumulative crypto assets has reached 32,497. As per the data from Phoenix Group, the cumulative market capitalization of the crypto sector stands at $3.18T, on February 22nd, while its 24-hour volume accounts for $134.96B. The crypto data and analytics firm provided an overview of the crypto market in a recent X post.
Bitcoin Dominates 60.1% of Crypto Market while Ethereum Occupies 10.3% of It
In line with Phoenix Group’s data, as of February 22nd, Bitcoin ($BTC) is changing hands at $96,375. In addition to this, the top crypto asset’s market dominance equals 60.1% of the total market share. Apart from that, the DeFi total value locked of Bitcoin is approximately $166.33B. Simultaneously, the price of Ethereum ($ETH) equals a value of up to $2,710. Along with that, the $ETH dominance displays a 10.3% proportion of the overall crypto market.
$MNT See 11.94% Price Jump over 24 Hours Bitcoin Records $132.25 in Liquidation
Concurrently, the crypto sector has also witnessed noteworthy dips and subsequent bounces in the prices of well-known crypto assets. In this respect, the well-known names include $MNT, $TEL, $SKY, $ENA, and $NEAR. Particularly, $MNT went through a dip of -12.63%. Nonetheless, it rebounded by a notable 11.94% within the recent 24 hours. Additionally, $SKY’s price plunged by -1.76% but efficiently a massive 11.12% bounce afterward.
Moreover, $TEL saw a -2.56% dip, leading to a 10.32% rebound. Another significant crypto player to have seen dip and bounce is $NEAR. Over the past twenty-four hours, it slumped by -2.56%, resulting in a 9.91% bounce. Standing in the same category, $ENA’s price decreased by -6.31% just to rise by 9.89% within 24 hours. The market data also discloses that $BTC took into account the biggest liquidation of $132.25M during the same period.
Fear and Greed Index Shows ‘Fear’ at 38
According to Phoenix Group’s statistics, $ETH, $XRP, $SOL, and $DOGE also recorded considerable liquidations. Individually, $ETH and $SOL beheld $120.41M and $17.62M in liquidations while $XRP and $DOGE show liquidations of $13.95M and $8.52M. On a broader scale, the fear and greed index of the crypto market is placed at 38. This figure reportedly indicates a rise in the investor reluctance and a slowdown in market activity.
