The cryptocurrency landscape is showing mixed performance at the start of June 2025. In this respect, the crypto market capitalization has gone through a $3.27T after a 0.07% dip while the 24-hour crypto volume stands at $88.35B following a 1.34% decrease. In addition to this, the crypto Fear & Greed index accounts for 57 points, indicating a neutral market sentiment.
Bitcoin Sees 0.17% Surge While Ethereum Drops by 1.11%
While changing hands at $104,886.53, Bitcoin ($BTC) denotes a 0.17% rise in price over the past 24 hours. Additionally, Bitcoin currently has a market dominance of 63.6%. However, Ethereum ($ETH) is at present trading at $2,495.73, highlighting a 1.11% dip over the same time. Along with that, its market dominance is currently 9.2%.
$SWOL, $SPOT, and $SNL Lead Crypto Gainers
Simultaneously, the prominent crypto gainers take into account Snowy Owl ($SWOL), Snow Leopard ($SNL), and Defispot ($SPOT) in top positions. Hence, $SWOL has surged by 4699.20% increase to reach $0.0002400. After that, $SNL has reached $0.0000002566, accounting for 3070.07%. Subsequently, $SPOT enjoys a 563.39% upsurge at $0.0000002657.
DeFi TVL Jumps by 0.43% Whereas NFT Sales Volume Records 3.85% Dip
Apart from that, with a 0.43% jump in TVL, the DeFi sector has reached $113.172B mark. Additionally, AAVE maintains its top position among DeFi projects with a staggering $24.666B in total value locked. However, a 24-hour upsurge of 17039065% in TVL places HipPowSwap in the top rank in terms of 1-day TVL change.
Contrarily, the NFT sales volume has dropped by 3.85% to reach the $11,478,836 spot. In this respect, the top NFT collection DMarket has also recorded a 3.53% decrease while maintaining top position with $1,190,527 in sales volume.
Fed Backs Stablecoins, Binance Founder Proposes DEX
Amid these fluctuations in the crypto prices, the overall market is also witnessing crucial developments that could impact the future performance. In this respect, while viewing the wider usage of stablecoins, Christopher J. Waller (a prominent member of the U.S. Fed’s board) has emphasized the use of stablecoin instead of utilizing a central bank digital currency (CBDC).
Moreover, Changpeng Zhao (the founder of the top crypto exchange Binance) has proposed the establishment of a decentralized exchange (DEX) to deal with the issue of front-running. Furthermore, Metaplanet has executed a $117M Bitcoin buyout, raising its holding to 8,888 $BTC.
