Crypto market cap falls 5.8% amid extreme fear

Token Times Market Desk — Total crypto market capitalization fell 5.80% over 24 hours to $2.34 trillion, reflecting a broadly downward market at the time of the snapshot. The decline was broad, although a small group of tokens posted gains and the scale of Akedo’s move had no clear catalyst in the available evidence.

Bitcoin traded at $68,860, down 4.11% over 24 hours, while Ethereum stood at $1,935.23, down 3.94%. Bitcoin dominance was approximately 59.0%, leaving the largest digital asset with a majority share of total crypto market capitalization.

Akedo was the largest gainer at 338.35% over 24 hours, although it had no identified coin-specific catalyst and remained down 12.87% over seven days. Pearl rose 11.99% and Injective advanced 10.61%, with recent coverage of Injective’s governance vote and November 24 upgrade potentially drawing attention but not conclusively explaining the move. Falcon Finance gained 5.39% on $6.48 million in reported trading volume.

Bitway recorded the largest decline at 17.28%, with a recent token unlock identified as a factor weighing on sentiment. Provenance Blockchain fell 13.14% without a project-specific headline, while low trading volume may also have contributed to volatility. Aero dropped 9.41% on $29.83 million in trading volume, and Gram fell 8.51% despite remaining 1.58% higher over seven days.

The Fear & Greed Index stood at 20, placing sentiment in the Extreme Fear category. That reading accompanied the 5.80% decline in total market capitalization and declines of 4.11% for Bitcoin and 3.94% for Ethereum, while Bitcoin dominance held at approximately 59.0%.

Recent headlines included a report that Mantra halted unbonding transactions for seven days to deter hackers. Crypto.news reported that BitGo denied a breach involving Unocoin transfers that used two client-held keys, while another headline said Stellar had outpaced Solana and Ethereum in tokenized asset growth. Additional coverage focused on Coincheck ending its Aplo brokerage unit and the possible regulatory implications of Trump’s first Democratic picks for the SEC and CFTC.