Crypto Market Holds Ground Amidst Uncertainty Following Exploit and Mixed Sentiment

Despite a recent platform exploit affecting KiloEx and leading to platform suspension, the cryptocurrency sector remains relatively stable as investor sentiment remains mixed. The overall market capitalization has dipped by 0.64% to reach $2.83 trillion, reflecting a slight decline in trading volume, down 6.78% to $46.11 billion over the past day. While Bitcoin ($BTC) climbed 1.14% to settle at $85.606, signifying a rise in market dominance to 60.07%, Ethereum ($ETH) experienced a dip of 0.52%, reaching $1,643 and dropping its market share to 7.00%. Other notable gains were seen in smaller-cap cryptocurrencies like VON (+68.3%) and FARTCOIN (+7.39%). Meanwhile, the DeFi sector saw a slight decrease in total value locked (TVL) by 0.1%, reaching $124 billion, with Hyperliquid leading the pack with 6.0% TVL growth. However, NFT volume declined significantly by 25% to $3.5 million, with Courtyard claiming the top spot with a remarkable $700k in transactions.