The cryptocurrency market continues to show growth, with Bitcoin setting a new historical high and notable changes in trading volumes and altcoin dominance.
Bitcoin Sets New ATH
Bitcoin ($BTC) has set a new all-time high, reaching a level of $111,861.22. Currently, the price of Bitcoin stands at $111,362.11, reflecting a 26.37% increase over the past 24 hours, while its market dominance has hit 63.3%.
Market Dominators: Altcoins on the Rise
Altcoins have also shown growth, with Ethereum ($ETH) rising by 2.20% to reach $2,622.34. Among the top gainers of the day are Black Agnus ($FTW) with a staggering 1622.60% increase, AsMatch ($ASM) with 1381.92%, and BUILDon ($B) rising by 508.11%.
DeFi and NFT Market Dynamics
The DeFi sector is experiencing positive changes, with its total value locked (TVL) increasing by 2.50% to reach $119.856B, led by AAVE. In contrast, the NFT market has seen a significant 57.12% drop in sales volume, totaling $15,708,004. The Courtyard collection remains buoyant with a 10.03% increase.
The cryptocurrency market continues its upward trajectory, with major cryptocurrencies like Bitcoin and Ethereum playing a critical role in this process. Meanwhile, DeFi shows growth, while the NFT market faces serious declines.
