After the sideways movements for a considerable time now, the crypto market is getting its momentum back as a notable surge for different cryptocurrencies has been observed. The latest market data shows a notable positive comeback while the Fear & Greed Index has surged to 45, indicating a neutral position rather than fear. Overall, the crypto market capitalization has touched $2.79T, showing a 1.4% rise over 24 hours.
Bitcoin ($BTC) and Ethereum ($ETH) See 2.8% and 4.4% Price Jumps
The key crypto assets like Bitcoin ($BTC) and Ethereum ($ETH) have also recorded substantial gains over the recent 24 hours. According to the market statistics, the top crypto asset Bitcoin ($BTC) has spiked to the stunning price level of $85.2K. The respective amount accounts for a noteworthy 2.8% rise over the past twenty-four hours. Additionally, the top altcoin Ethereum has attained the $1.62K mark in terms of value. This highlights a 4.4% increase during twenty-four hours.
Top Crypto Gainers Include Mind Network, PumpBTC, and RedStone
The key crypto gainers take into account Mind Network ($FHE), PumpBTC ($PUMP), and RedStone ($RED). Particularly, Mind Network has gained the 1st position on the CoinGecko among the trending crypto assets. Apart from that, PumpBTC enjoys a staggering 149% growth, leading top gainers on Binance. Moreover, RedStone stands as the top trending crypto asset on CryptoRank.
DeFi and NFT Landscapes Record 39% and 2.5% Spikes
NFT and DeFi sectors have also witnessed remarkable growth, with NFT landscape accounting for a 39% spike in volume, reaching $5.1M. The noteworthy NFT projects in terms of volume are Pudgy Penguins and DAMAGE CONTROL. The former shows the peak volume of $701K while latter expresses a massive volume growth of 607%. Simultaneously, the DeFi segment denotes a 2.5% jump in the overall TVL. Specifically, Soneium made a significant growth of 38% in terms of TVL.
Tariff-Led Dollar Decline Highlights Potential of Triggering Major Market Shift
Amid the rising market uncertainty, partially due to trade tensions existing between the United States and China, the crypto assets are struggling to stabilize. However, despite these conditions, the notable rise in top cryptocurrencies like Bitcoin and Ethereum could trigger a broad-scale crypto upsurge.
While criticizing the massive tariff levels imposed by the Trump administration, former Treasury Secretary Lawrence has raised several concerns. Moreover, Japan is also endeavoring to avoid utilizing their U.S Treasury Holdings to ease up impending trade negotiations. On the other hand, the U.S. dollar has also suffered an 8% dip. All these factors add up, signifying a substantial market shift to come.
