The past weeks have seen a sharp rise in the prices of major cryptocurrencies, affecting the overall capitalization of the crypto market.
Bitcoin and Ethereum: Market Drivers
Bitcoin ($BTC) continues to rise steadily, reaching a price of nearly $93,471, marking a 5.99% increase over the last 24 hours. Its market dominance stands at 60.69%. Ethereum ($ETH) has also shown growth to $1,800, increasing by 13.73%.
New Cryptocurrency Leaders
$TROLL and $DEEP emerged as leaders among small and large-cap crypto assets. $TROLL surged by 249%, reaching $0.018, while $DEEP rose by 67.7% to $0.206. Their market capitalizations are $17.8M and $515M, respectively.
Growth of DeFi and NFT Sectors
The DeFi sector showed a 24% growth, reaching a total value locked (TVL) of $196B, with Injective leading in growth. The NFT market also saw significant growth of 73%, reaching a volume of $6.7M. The CryptoPunks collection ranks first with a volume of $1.15M.
As U.S.-China trade tensions ease, investor interest in cryptocurrencies and related sectors increases, potentially leading to further market developments.
