The crypto market is witnessing a continuous bullish momentum as seen in the well-known assets' prices. Overall, the crypto market capitalization has touched $3.33T
The crypto market continues to display bullish momentum, with well-known assets prices showing positive trends. The total crypto market capitalization has touched $3.33T, indicating a 0.93% daily upsurge. The 24-hour crypto volume has also risen to the $133.63B mark, showing a 10.95% increase. In addition to this, the crypto Fear & Greed Index has signified “greed” at 69 points.
As for individual cryptocurrencies, Bitcoin ($BTC) has seen a strong rally to near the $104K spot, reaching $103,939.38. This highlights a 1.52% price increase over the past twenty-four hours. Additionally, the market dominance of Bitcoin ($BTC) has also jumped to 62% in the meantime.
Likewise, Ethereum ($ETH) has recorded a 1.03% spike in price to attain the $2,595.04 mark. Along with that, the market dominance of Ethereum has reached 9.4%.
There has also been a notable shift in the case of daily crypto gainers. While yesterday, Chainlink and STEPN were leading the pack with over 200% gains, today, Vector Smart Gas ($VSG), DOGO ($DOGO), and Moo Deng ($MOODENG) have taken dominant positions.
Specifically, $VSG signifies a 1333.82% surge at $0.0003491, and $DOGO accounts for a 1086.99% surge at $0.000001530. Subsequently, $MOODENG has risen by 568.01% over the past twenty-four hours to reach $0.00001751.
However, the DeFi sector presents a slight decline in its TVL which has dropped to $115.934B. This points out a 1.13% dip over 24 hours. Within this sector, Lido has recently outcompeted AAVE to get the top position in terms of maximum total value locked. Hence, its TVL stands at $23.512B.
On the other hand, HipPowSwap is the leading DeFi protocol when it comes to TVL growth, with a 20546243% rise. Along with that, the NFT space has also plunged by 23.47% in sales volume, reaching $19,165,026. Even then, the top NFT collection “Courtyard” has made a notable surge of 92.95% in its sales volume.
Overall, the crypto market is witnessing interesting developments. Notably, BlackRock’s popular Bitcoin ($BTC) exchange-traded fund has outcompeted Strategy in the case of $BTC holdings at $64.697B. Moreover, Méliuz has become the earliest company in Brazil to include Bitcoin into its Treasury by purchasing $28.4M in Bitcoin.
