Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
Crypto Market Cap Falls to $2.24T as Fear Grips Investors

Crypto Market Cap Falls to $2.24T as Fear Grips Investors

BlockchainReporterBlockchainReporter2026/06/04 11:31
By:BlockchainReporter

The crypto industry is going through a continuous drop, as shown by the latest 24-hour data. Hence, the cumulative crypto market capitalization has reached $2.24T, indicating a 1.98% dip. However, the 24-hour crypto volume has surged by 7.82%, touching $144.64B. At the same time, the Crypto Fear & Greed Index accounts for 21 points, displaying “Fear” among the market participants.

Bitcoin ($BTC) Drops by 2.90%, and Ethereum ($ETH) Sees 1.80% Plunge

Specifically, the top crypto asset, Bitcoin ($BTC), is changing hands at $64,435.40. This price accounts for a 2.90% decline, while Bitcoin’s ($BTC) market dominance stands at 57.5%. In addition to this, the flagship altcoin, Ethereum ($ETH), is currently trading at $1,807.50, expressing a 1.80% decrease. In the meantime, the market dominance of Ethereum ($ETH) is 9.7%.

$TRUMP, $DICKBUTT, and $NYAN Lead Top Crypto Gainers of Day

Apart from that, the list of today’s leading crypto gainers includes TRUMP AI ($TRUMP), Dickbutt ($DICKBUTT), and Nyan Heroes ($NYAN). Particularly, $TRUMP has jumped by a staggering 420.47%, reaching a price level of up to $0.0004913. Following that, a 332.31% rise has placed $DICKBUTT’s price at $0.00001210. Subsequently, $NYAN is now hovering around $0.002550, indicating a 314.51% jump.

DeFi TVL Hits $73.539B after 2.42% Slump

Simultaneously, the DeFi TVL has dropped by 2.42%, claiming the $73.539B mark. Additionally, the top DeFi project in terms of TVL, Lido, is 4.89% down at $15.761B. Nonetheless, when it comes to 1-day TVL change, Nyke Finance enjoys the top position in the DeFi market, denoting a 335255% spike over the past 24 hours.

AI CEOs Warn Congress on Bio Risks, BitMine Targets ETH Accumulation

Moving on, the crypto market has also witnessed many other key developments around the world over the past twenty-four hours. In this respect, the CEOs of the leading AI platforms, including Dario Amodei, Demis Hassabis, and Sam Altman, are urging the U.S. Congress to approve policies to shield against the development of AI-powered biological weapons.

Moreover, BNB Chain is launching the AI Trading Agent Edition Hackathon with a $36K prize pool from June 3 to June 21 in partnership with Trust Wallet and CoinMarketCap. Furthermore, BitMine has submitted a filing for a $300M Preferred Stock filing to back $ETH accumulation.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Hawkish Statement from Waller Shakes Markets, JPMorgan Temporarily Abandons Bullish Stance on US Stocks, Turns Cautious in the Coming Weeks

JP Morgan's trading team has temporarily abandoned its previous bullish stance on the US stock market and has instead adopted a cautious outlook for market trends in the coming weeks.

智通财经2026/08/31 22:42
Hawkish Statement from Waller Shakes Markets, JPMorgan Temporarily Abandons Bullish Stance on US Stocks, Turns Cautious in the Coming Weeks

The US dollar weakens for the second consecutive month! Increased US Treasury repo raises policy concerns; Wall Street expects a further decline in September

The US dollar weakened for the second consecutive month in August. The US Treasury's plan to accelerate the repurchase of government bonds has led overseas investors to express new concerns about US policy direction, reviving market speculation that the Trump administration's policies may favor a weaker dollar.

智通财经2026/08/31 22:41
The US dollar weakens for the second consecutive month! Increased US Treasury repo raises policy concerns; Wall Street expects a further decline in September

Oxford Economics: Canada’s Economic Output May Drop 0.3% by 2027 as Retaliatory Tariffs Against U.S. Could Backfire

Oxford Economics warns that the new round of retaliatory tariffs against the US, scheduled to be implemented by Canada on September 8, may provide protection for some domestic manufacturers, but overall could cause more industries to face increased cost pressures and drag down Canada’s economic growth.

智通财经2026/08/31 22:26
Oxford Economics: Canada’s Economic Output May Drop 0.3% by 2027 as Retaliatory Tariffs Against U.S. Could Backfire