The crypto market has witnessed cautious optimism over the past 24 hours. Hence, the total crypto market capitalization has increased by 1.41%, reaching $2.18T. However, the 24-hour crypto volume accounts for $75.43B, showing a 2.16% drop. At the same time, the Crypto Fear & Greed Index stands at 18 points, indicating “Extreme Fear” among the market participants.
Bitcoin Jumps by 1.81%, and Ethereum Sees 1.54% Rise
The flagship cryptocurrency, Bitcoin ($BTC), is currently trading at $63,684.27. This price level highlights a 1.81% rise while the market dominance of Bitcoin ($BTC) is 58.5%. In addition to this, the leading altcoin, Ethereum ($ETH), is now changing hands at $1,675.56, signifying a 1.54% surge. In the meantime, Ethereum’s ($ETH) market dominance is sitting at 9.3%.
$VU and $USDR Lead Crypto Gainers of the Day
If we talk about the top crypto gainers of the day include Velvet Unicorn by Virtuals ($VU) and StablR USD ($USDR). In particular, $VU has jumped by a staggering 288.74%, hitting the $0.001556 mark. Following that, 118.91% has placed $USDR’s price at $1.46. Subsequently, $哭哭马 is now hovering around $0.004855, after a 82.88% increase.
DeFi TVL Surges by 2.58% and NFT Sales Volume Records 18.4% Increase
DeFi TVL has spiked by 2.58%, attaining the $71.42B mark. Additionally, the top DeFi project in terms of TVL, Lido, has gone through a 1.80% increase, touching $14.932B. Nonetheless, when it comes to 1-day TVL change, VisionBoard Vault occupies the top place in the DeFi market, denoting a 32972% jump over the past twenty-four hours.
In the same vein, the NFT sales volume has experienced a stunning 18.4%, claiming the $1,723,726 spot. Along with that, Courtyard.io is the leading NFT collection in terms of 24-hour volume, touching $415,201.
Visa Eyes Independent Commerce Growth While Japan Lowers Crypto Taxes
Moving on, the crypto industry has also seen many other key developments across the globe over the past 24 hours. In this respect, Visa has revealed the plans to serve as an effective trust layer for independent commerce, merging $7B in stablecoin settlement and AI agent verification.
Moreover, Hong Kong has tightened regulations for mainland investors in terms of cross-border fund flows. Furthermore, Japan has authorized a bill to decrease taxes on $BTC and $ETH from 55% to just 20%.
