The recent jump in the altcoin sector is significantly influencing the overall crypto market. In this respect, the total crypto market capitalization has touched $3.83T after a 1.94% increase amid the leading role played by altcoins like Ethereum ($ETH). In addition to this, the 24-hour crypto volume has also risen to the $215.24B mark following a 14.99% upsurge. Concurrently, the crypto Fear & Greed index accounts for 70 points, presenting a considerable “Greed.”
Bitcoin Rises by 1.90% and Ethereum Records 8.82% Increase
Particularly, Bitcoin ($BTC), the flagship crypto asset, has spiked to $120,632.18, indicating a 1.90% increase. Additionally, Bitcoin’s market dominance stands at 61.6%. However, Ethereum ($ETH) is a frontrunner in the altcoin rally as it has recorded a staggering 8.82% upsurge, raising its price to $3,644.08. In the same vein, its market dominance has jumped to 10.9%.
$PORT, $SNL, and $SWOL Dominate Crypto Gainers
Simultaneously, the prominent crypto gainers include Port Finance ($PORT), Snow Leopard ($SNL), and Snowy Owl ($SWOL) as the leading players. Hence, $PORT has seen a huge 2360.56% rise to attain the $0.004584 mark in terms of price. Following that, $SNL has reached the $0.00000008370 mark after a 1569.67% spike. Subsequently, $SWOL has surged by 1015.81%, claiming the $0.00009303 mark.
DeFi TVL Jumps by 3.51% While NFT Sales Volume Slumps by 17.64%
Apart from that, the DeFi TVL has also increased by 3.51% to reach the $137.675B mark. Additionally, Lido has taken the top position among DeFi projects, with its TVL touching $32.846B after an 8% rise. However, in terms of 1-day TVL rise, Elexium is the top player, recording a 2328505% increase over twenty-four hours.
On the other hand, the NFT sales volume has plunged by 17.64% to reach $22,035,180. Even then, the top-selling NFT collection, Courtyard, has witnessed a 5.09% increase as its sales volume has touched $1,7711,295.
GENIUS Act Awaits U.S. Approval, Ex-Rugby Star Jailed for Crypto Ponzi
Overall, amid the wider altcoin rally, several other influential developments are taking place in the market. Thus, the well-known GENIUS Act is set to revolutionize the stablecoin market in the United States while waiting for the President Donald Trump’s signature.
Moreover, an ex-rugby player, Shane Moore, has faced a 30-month imprisonment sentence for looting over $900,000 from more than 40 investors via a fraudulent crypto mining project. Furthermore, the Trump Jr.-backed Thumzup Media gains board approval to launch a $250M treasury comprising $BTC, $DOGE, $XRP, and more.
About the author
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
