The crypto sector is presenting cautious recovery signals, as per the latest 24-hour market data. Hence, the total crypto market capitalization has surged by 2.27%, reaching the $3.46T mark. However, the 24-hour crypto volume has dipped to $165.51B led by a 47.61% decrease. Concurrently, the Crypto Fear & Greed Index is still in the “Fear” territory while accounting for 24 points.
Bitcoin Spikes by 1.34% and Ethereum Sees 2.54% Rise
Particularly, the leading crypto asset, Bitcoin ($BTC), is now hovering around $103,548.32. This price level indicates a 1.34% increase over 24 hours. In addition to this, the market dominance of Bitcoin is now standing at 59.9%. Similarly, Ethereum ($ETH), the flagship altcoin, has reached $3,428.27, showing a 2.54% rise. At the same time, its market dominance is 12.0%.
$TRUST, $DOGE-1, and $DOGS Lead Crypto Gainers of Day
Apart from that, the list of top daily crypto gainers includes Trust The Process ($TRUST), DOGE-1 Satellite ($DOGE-1), and HARRIS DOGS ($DOGS) in the leading positions. Specifically, $TRUST has jumped by a staggering 1023.32%, reaching the price spot of $0.002771. Subsequently, $DOGE-1 is now trading at $0.0000000000006826, denoting a 939.99% increase. Following that, led by a 518.91% spike, $DOGS has touched the $0.001094 mark.
DeFi TVL Jumps by 0.93% While NFT Sales Volume Drops by 17.37%
Simultaneously, the DeFi TVL has also recorded a slight 0.93% recovery, attaining the $133.286B figure. Additionally, the top DeFi project in terms of TVL, Aave, has dropped by 1.34%, while hovering around $32.405B. Nonetheless, when it comes to 1-day TVL change, pSTAKE Finance is the dominating DeFi player, claiming a massive 31726951% surge over twenty-four hours.
On the other hand, the NFT sales volume has plunged by 17.37%, reaching $13,626,081. Even then, the top-selling NFT collection, DX Terminal, has risen by 36.80%, reaching $1,823,314.
U.S. Policymakers Meet on Crypto Bill, BoE Calls for US-UK Stablecoin Alignment
Moving on, the crypto landscape has also gone through many other notable developments over 24 hours. In this respect, the US policymakers are planning a critical meeting to discuss the crypto market bill.
Moreover, Circle has updated its terms of service, permitting “legal” purchases of firearms via $USDC. Furthermore, Sarah Breeden, the Deputy Governor of the Bank of England, has persuaded the U.S. and U.K. governments to work together for stablecoin regulatory alignment.
About the author
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
