The crypto market has recently witnessed a slight recovery following a recent enormous decline. As per the latest market data, the market capitalization of the crypto sector has reached the $2.68T mark after a 4.18% increase. This indicates a minor spike as the majority of the crypto assets have turned green with slight price increases.
Despite Slight Recovery, Crypto Market Faces ‘Fear’
The exclusive data reveals that, despite the minor price growth, the Fear & Greed Index still shows “fear” at 24. In addition to this, the 24-hour crypto spot volume signifies a 5.36% dip, reaching $107.82B in total. In line with this, the crypto landscape has not completely recovered from the massive downturn.
However, the top crypto asset Bitcoin ($BTC) currently accounts for a 0.09% increase in its market dominance which has reached 59.42%. Along with that, the top altcoin Ethereum ($ETH) presently highlights a 0.79% slump in its market dominance which now stands at 7.19%. At the moment, Bitcoin and Ethereum’s prices are above $80K and $1.60K marks, denoting 4.5% and 3.5% increases over the recent 24 hours.
$RFC and $FARTCOIN Lead Top Small and Large-Cap Gainers
Getting momentum from the overall market recovery, the small-cap crypto assets have made considerable gains over the twenty-four hours. Particularly, $RFC, $AERGO, $FARTBOY, $CLANKER, and $EDU are the leading gainers among the small-cap projects. $RFC, $AERGO and $FARTBOY reportedly account for 63.2%, 62.1%, and 39.3% price increases.
Additionally, $CLANKER and $EDU demonstrate 38.2% price surge over the same period. Simultaneously, large-cap gainers include $FARTCOIN, $HYPE, $HBAR, $GRASS, and $TAO. These projects display 31.0%, 21.1%, 17.7%, 17.3%, and 15.8% price surges.
DeFi Sector Sees 0.7% Increase in TVL while NFT Market Shows 65% Upsurge in Volume
The DeFi and NFT realms are also experiencing noteworthy growth as the DeFi market has touched $121B in terms of TVL. This displays a 0.7% surge over the recent 24 hours. The prominent DeFi projects include Starknet and Centrifuge with 17% and 137% increase.
The NFT market’s volume has jumped to $5.7M, showing a more than 65% upsurge. The key NFT projects expressing notable gains include Bored Ape Yacht Club (BAYC), CryptoPunk #5361, and CarMan Metaverse. BAYC is the top NFT collection in terms of volume which equals $897K. Apart from that, the NFT collection CarMan_Metaverse reportedly indicates a 1,287% increase in its volume.
Institutional or Trending News
The well-known funding rounds that have occurred recently include P2P.me CAP, and Sats Terminal. These projects have reportedly added $2.0M, $8.0M, and $1.7M respectively. Overall, the President Trump’s announcement of latest tariffs is negatively influencing the crypto market. However, the slight recovery raises optimism and increases the possibility of further rebound.
