The recent altcoin surge has considerably contributed to the broader crypto market growth. As per the new market data, the cumulative crypto market capitalization has reached $3.87T, showing a slight 0.52% dip over the past 24 hours. Additionally, the 24-hour crypto volume currently accounts for $167.25B after a 5.06%. At the same time, the Crypto Fear & Greed Index stands at 63 points, indicating significant “Greed” in the market.
Bitcoin Sees Minor 0.57% Plunge While Ethereum Surges by 0.48%
Particularly, the flagship crypto asset, Bitcoin ($BTC), has seen a 0.57% decrease. Hence, its price has reached the $117,952.38 mark. Additionally, its market dominance has touched 60.7%. Apart from that, Ethereum ($ETH) is now changing hands at $3,809.11, presenting a 0.48% upsurge. In addition to this, Ethereum’s market dominance has spiked to $11.9%.
$TSLA, $CATX, and $ETHI Lead Crypto Gainers of Day
Simultaneously, the prominent crypto gainers take into account Tesla ($TSLA), CATX ($CATX), and Ethical Finance ($ETHI). Specifically, $TSLA has recorded a 657.70% increase, touching $125.04%. Additionally, CATX ($CATX) has jumped by 3451.21%, attaining the $0.000009511 mark. Subsequently, $ETHI is now trading at $0.004544 following a 687.72% increase.
DeFi TVL Records 0.39% Rise, Whereas NFT Sales Volume Slumps by 23.13%
Along with that, the DeFi TVL has witnessed a 0.39% rise to reach $140.902B. Additionally, AAVE, the top DeFi project when it comes to TVL, has touched $34.266B after a 0.59% jump. However, in the case of 1-day TVL increase, Arch Swap has gained a 3413126% over twenty-four hours. On the other hand, the NFT sales volume has dropped by 23.13%, touching $22,024,652. Concurrently, the top-selling NFT collection, CryptoPunks, has dropped by 63.12%.
RD Tech Raises $40M for Stablecoins, and Marti Puts 20% Reserves in Bitcoin
Overall, the crypto landscape has also recorded several key developments that further boost the positive momentum. In this respect, RD Technologies has collected $40M to broaden its stablecoin initiatives in Hong Kong.
Moreover, the popular crypto exchange, Coinbase, has unveiled exclusive $SOL and $XRP products that will go live on its derivatives platform on the 18th of August. Furthermore, Marti, the biggest ride-hailing platform in Turkey, has allocated twenty percent of the cumulative cash reserves to Bitcoin ($BTC).
