The cryptocurrency market has made significant strides in the past 24 hours, with an increase in capitalization and noticeable price rises for major crypto assets.
Bitcoin and Ethereum Surge
Bitcoin is trading at $118,487.59, indicating a 0.70% increase over 24 hours, with a market dominance of 62.3%. Ethereum has climbed by 6.94% to reach $3,348.37, holding a market share of 10.7%.
Dominant Crypto Gainers
Among the crypto assets, notable gainers include Black Phoenix ($BPX), SORA GROK ($GROK), and Robinhood ($HOOD). $BPX is up 37.15% to $2.64, $GROK has surged by 516.37% to $2.13, and $HOOD has shown a remarkable increase of 593.12% to trade at $0.0006932.
DeFi and NFT Developments
Total value locked (TVL) in DeFi has increased by 2.56% to reach $132.744B, with Lido leading at a TVL of $30.556B. Meanwhile, the NFT sales volume has also skyrocketed by 25.47%, reaching $26,751,906, with the ‘f(x) wstETH position’ collection showcasing a 1139.38% increase.
In conclusion, the cryptocurrency market reflects significant changes with the rise of key assets and activation in the DeFi and NFT sectors. Additionally, important legislative initiatives and projects are also influencing the overall market sentiment.
