The cryptocurrency sector shows significant growth, reaching a new record market capitalization of $3.87 trillion, despite a decrease in trading volume.
Market Dynamics
The cryptocurrency market increased by 2.18% on Saturday, reaching $3.87 trillion. However, the 24-hour trading volume fell by 25.98%, amounting to $165.52 billion. The Crypto Fear and Greed Index remains in the Greed zone at 64 points.
Top Gainers in Cryptocurrency
Bitcoin ($BTC) is recorded at $118,252.81, marking a 0.62% increase. Ethereum ($ETH) rose by 1.16% to $3,788.80. The notable crypto gainers include Snowy Owl ($SWOL) with a 1698.40% gain, Auto ($AUTO) with an 876.31% increase, and Squid Game ($SQUID) with a 414.80% rise.
Impact on DeFi and NFTs
The DeFi TVL grew by 1.25%, reaching $140.51 billion, with Lido as the leading platform. However, the NFT sales volume dropped by 22.16%, totaling $20,456,874, while f(x) wstETH became the top-selling NFT collection with $1,903,999 in sales.
The cryptocurrency market continues to show significant changes despite some declines in trading volume. Future regulatory developments and new transactions indicate that the market remains dynamic.
