The crypto sector has recently seen a noteworthy upsurge driven by the top altcoins like Ethereum ($ETH) over the past 24 hours. In this respect, the cumulative crypto market capitalization has touched the $4T mark after a 4.27% increase. In addition to this, the 24-hour crypto volume has also seen a 79.05% surge to reach $257.89B. Concurrently, the Crypto Fear & Greed Index is “Neutral” while accounting for 56 points.
Altcoins Drive Crypto Market as Bitcoin Dominance Drops
Particularly, Bitcoin ($BTC) has jumped by 2.63%, attaining the $115,873.71 spot in price. However, the market dominance of the flagship crypto asset has dipped to 57.6%. On the other hand, Ethereum ($ETH) is making waves with a stunning 10.78% increase, while its market dominance has spiked to 14.3%.
At the same time, Solana ($SOL) has recorded a staggering 13.20% upsurge, touching $207.10. Additionally, Ripple ($XRP) has also shown a huge 6.15% increase, touching $3.03. Hence, the overall altcoin market displays a wider bullish momentum.
$BPX, $BRM, and $FELIS Lead Top Crypto Gainers
Apart from that, the prominent crypto gainers of the day include Black Phoenix ($BPX), BullRun Meme ($BRM), and Felis ($FELIS). Specifically, $BPX has gone through a staggering 445701% increase, reaching $2.60. Following that, $BRM accounts for a 929.57% rise at $0.007356. Subsequently, $FELIS is now hovering around $0.0000002741 after a 670.50% rise.
DeFi TVL Jumps by 6.33% and NFT Sales Volume Records 44.50% Increase
Simultaneously, the DeFi TVL has also recorded a 6.33% growth, attaining the $157.984B mark. Additionally, the top DeFi project in terms of TVL, Lido, has also witnessed a 9.54% rise to reach $41.403B. Nonetheless, when it comes to a 1-day TVL increase, zkBoost stands atop the other with a 321582% upsurge over twenty-four hours.
Similarly, the NFT sales volume has also experienced a 44.50% increase, reaching the $28,288,708 figure. Along with that, the top-selling NFT collection, Courtyard, has jumped by 19.50% as its sales volume stands at $2,886,265.
VanEck Submits Filing to Launch spot $SOL ETF and Hong Kong Declares Implementation of Banking Regulations for Crypto
Overall, the crypto market has also seen many other notable developments over the past 24 hours. In this respect, VanEck has officially submitted a filing for a spot Solana ($SOL) ETF supported by $JitoSOL.
Moreover, OpenAI has formally subpoenaed Meta, which is a part of the ongoing lawsuit against Elon Musk over a likely $97B deal to buy or invest in the platform. Furthermore, the Hong Kong Monetary Authority is planning a complete implementation of regulations dealing with banking capital to regulate the crypto market from January 1, 2026.
