The worldwide crypto market has shown a remarkable rebound with the recent positive development from the U.S. government. According to market statistics, the crypto sector has turned green following U.S. President Donald Trump’s declaration of a halt on the tariffs on foreign goods. Although the Fear & Greed Index still indicates “fear” at 18, the total market capitalization has jumped by 8.52% to claim the $2.77T mark.
Crypto Market Bounces Back with Bitcoin’s 8.68% and Ethereum’s 14.30% Upsurges
The key crypto asset Bitcoin ($BTC) saw an 8.68% increase to reach the $82,313 mark over the past 24 hours. However, the market dominance of the top crypto coin is still 0.78% down at 58.96%. Additionally, Ethereum ($ETH) has seen a staggering 14.30% rise at $1,638 while it dominates 7.14% share of market, with a 3.86% rise.
$EDGE and $FARTCOIN Stand at Top in Crypto Gainers
The top gainers in the small-cap crypto assets include $EDGE, $MDZ, and $HOUSE. Their current prices account for $0.0889, $0.012, and $0.0125, highlighting 96.8%, 72.4%, and 70.1% increases. Apart from that, the large-cap gainers take into account $FARTCOIN, $FLR, and $PENDLE in the top positions. They denote 43.8%, 31.0%, and 23.6% increases in their prices which stand at $0.738, $0.0146, and $3.40.
DeFi Market Records 10% Rise Whereas NFT Ecosystem Sees 0.8% Spike
Simultaneously, NFT and DeFi ecosystems have also made notable gains over the recent twenty-four hours. Specifically, the DeFi sector has recorded a 10% positive change in its total value locked (TVL) which has reached $124B. The top DeFi project in this respect is Radix as it witnessed 23% TVL growth as the top chain in this respect.
Along with that, the NFT landscape’s volume has touched the $4.6M spot with a slight 0.8% increase. Guild of Guardians took the 1st position among the NFT collections based on volume with a $1.1M in its volume. Moreover, BrainDrops displayed an 11,815% growth in volume to gain the top place.
Though Relieved After Trump’s Tariff Pause, Crypto Market Still Faces Fear in Sentiment
Nonetheless, despite this provisional sentiment shift in the crypto market, there is still fear prevailed across the sector. Trump’s momentary pause on tariffs for many countries excluding China has resulted in trade surges but volatility may sustain. Hence, to determine the crypto industry’s inclination toward a continued upward rally or a further downturn the next days are crucial. Particularly, the positive macroeconomic changes could play a key role in shaping the overall market sentiment.
