Crypto Market Sees Recovery Despite Fear Amid Geopolitical Turmoil

Irrespective of the geopolitical turmoil spread due to the U.S.-Iran war, the crypto market is witnessing a surprising recovery. Hence, the total crypto market capitalization has hit the $2.33T after a 2.92% increase. In addition to this, the 24-hour crypto volume has also jumped by 33.74% to reach $119.24B. Even then, the Crypto Fear & Greed Index stands at 16 points, showing “Extreme Fear” across the market.

Bitcoin ($BTC) Surges by 2.76% and Ethereum ($ETH) Sees 4.77% Rise

Particularly, the leading cryptocurrency, Bitcoin ($BTC), is currently trading at $67,336.98. This highlights a 2.76% increase over the past 24 hours, while the market dominance of $BTC accounts for 57.9%. Additionally, the flagship altcoin, Ethereum ($ETH), also presents a 4.77% increase while changing hands at $2,011.42. In the meantime, the market dominance of $ETH sits at 10.4%.

$PENGU, $TRUMP, and $PEPE Dominate Crypto Gainers

Apart from that, the top crypto gainers of the day include PENGU AI ($PENGU), PEPE ($TRUMP), and PEPE AI ($PEPE). Specifically, $PENGU has spiked by 2479.48% to reach $0.0005044. Following that, $TRUMP is now hovering around $0.0001104 after a 1522.74%. Subsequently, a 1421.70% price increase has pushed $PEPE to $0.0005778.

DeFi TVL Spikes by 2.08% While NFT Sales Volume Plunges by 4.74%

Simultaneously, the DeFi TVL is 2.08% up, attaining the $95.205B mark. Additionally, the top DeFi project in the case of TVL, Aave, has surged by 2.41%, touching $26.995B spot. Nonetheless, when it comes to 1-day TVL change, Popsicle Finance has gained the top position in the DeFi landscape, accounting for a stunning 3492% rise over the past twenty-four hours.

On the other hand, the NFT sales volume has plunged by 4.74%, hitting $3,922,445. In the same vein, the top-selling NFT collection, Flying Tulip PUT, has dropped by 29.22%.

Russia Taps Bitpapa, Exmo to Bypass Sanctions, Ethereum Plans to Use AI Agents for Further Development

Moving on, the crypto market has also recorded many other key developments over the past 24 hours. In this respect, Russia is leveraging Bitpapa, ABCeX, Rapira, Exmo, and Aifory to circumvent sanctions.

 Moreover, Ethereum is delving into AI agents to improve development. Furthermore, Stani Kulechov, the founder of Aave, has announced that the platform has successfully passed the “Aave Win Win” proposal to deliver a completely token-centric ecosystem.