Market Overview

Today, the wider digital asset market experienced a massive pullback, with a 6.67% valuation drop to $2.9 trillion over the past 24 hours. The fear and greed index fell to 25, indicating extreme fear among traders.

Most cryptocurrencies are trading lower today; Bitcoin’s price is currently at $89,254, while Ethereum is at $2,438. This plunge is attributed to investor anxiety over US tariffs and last week’s $1.4 billion hack from ByBit.

Yesterday, following President Trump’s statement about implementing tariffs on imports from Mexico and Canada, the market crashed. The tariff plan was initially postponed for dialogue, but Trump later confirmed the introduction of the taxes.

Today’s Top Gainers

Despite the downtrend, some assets have defied the broader market volatility:

• Von (VON): Top performer with an 88% rise and a trading volume increase of 864.10%, totaling a phenomenal 4944.1% increase since launch a month ago.
• Vana (VANA): Secured second position with a 44.5% price jump, attributed to an investment by YZi Labs and the addition of Binance founder CZ as a strategic advisor.
• CoW Protocol (COW): Recorded a price rise of 30.3%, driven by increased user interest after its listing on Upbit.
• Story (IP): An AI crypto token, saw a 24.8% rise, with its transaction volume surging by 72.50% since its recent launch.
• Rats (RATS): Experienced a 17.3% price increase and a 37.9% rise in trading volume, indicating growing interest.
• Renzo (REZ): Achieved a 14.3% increase, with a 12.1% rise over the past week.

Others

Additional performers include:
– Elastos (ELA): +13.2%
– Bounce (AUCTION): +9.0%
– GameSwift (GSWIFT): +8.3%
– UniLayer (LAYER): +7.8%