The crypto market has witnessed a significant upswing, driven by the strengthening of Bitcoin and other altcoins. Market capitalization and trading volume have also increased.
Crypto Market and Its Capitalization
The crypto market capitalization increased by 2.83%, reaching $4.17 trillion. The 24-hour trading volume touched $251.31 billion, marking a 13.54% increase from previous days. The Crypto Fear & Greed Index indicates strong greed at 68 points.
Bitcoin and Ethereum Growth
Bitcoin ($BTC) is currently trading at $122,302.94, showing a growth of 2.63%. Bitcoin's market dominance is 58.6%. Ethereum ($ETH) is also reflecting a positive trend, now priced at $4,730.59 with a 1.99% rise, and its dominance in the market reached 13.7%.
Leading Gainers and Other Market Events
Currently, among the cryptocurrencies showing the most considerable growth are Snowy Owl ($SWOL), Blue Snakes ($SNAKES), and Linear Finance ($LINA). $SWOL surged by 3604.94%, reaching $0.00005146, $SNAKES increased by 1036.19%, hitting $0.007142, and $LINA rose by 906.12%, attaining $0.00005252. In decentralized finance (DeFi), the total TVL also saw a 2.43% jump to $159.91 billion, while NFT sales volume recorded a 1.33% increase to $24,047,792. Notably, the top-selling NFT collection, CryptoPunks, stands at $2,412,015 following a 1.48% rise. In recent events, Coinbase reportedly lost $300K in a MEV exploit, while Tron founder Justin Sun has filed a lawsuit against Bloomberg to prevent the disclosure of sensitive details about his crypto holdings.
The crypto market continues to demonstrate positive trends, particularly with the rise in Bitcoin and altcoin prices. The interest of market participants in cryptocurrencies remains high, as evidenced by capitalization and trading volume metrics.
