Crypto Sector Rebounds Amid Growing Market Optimism

The crypto market is experiencing a noteworthy bounce back while the community is waiting for a favorable FOMC decision for rate cuts. Thus, the crypto market capitalization has reached $3.16T after a 3.13% increase over the past 24 hours.

In addition to this, the 24-hour crypto volume has jumped by 22.75%, hitting $147.97B. At the same time, the Crypto Fear & Greed Index has also surged above the “Extreme Fear” territory, reaching 30 points.

Bitcoin Surges by 2.71% and Ethereum Sees 6.64% Rise

Particularly, the flagship crypto asset, Bitcoin ($BTC), is now trading at $92,622.74. This price level signifies a 2.71% increase, while Bitcoin’s market dominance accounts for 58.5%. Additionally, the top altcoin, Ethereum ($ETH), is now changing hands at $3,322.78, displaying a 6.64% jump. In the meantime, Ethereum’s market dominance stands at 12.7%.

$FELIS, $MAGA, and $CCC Dominate Crypto Gainers of Day

Simultaneously, the leading crypto gainers of the day include Felis ($FELIS), TRUMP MAGA ($MAGA), and Cute Cat Candle ($CCC). Specifically, $FELIS has witnessed a staggering 3552.14% increase, touching $0.0000009127. Subsequently, a 546.42% rise has placed $MAGA’s price at $0.001280. Following that, with a 530.00% price jump, $CCC is now hovering around $0.0000000002545.

DeFi TVL Records 2.57% Increase While NFT Sales Volume Plunges by 7.12%

Apart from that, the DeFi TVL has risen by 2.57%, attaining the $123.707B spot. Additionally, the top DeFi project, Aave, has climbed to the $33.953B mark after the latest daily rise. Nonetheless, when it comes to 1-day TVL change, BOB has become the leading DeFi player, attaining a huge 11091% increase over the past twenty-four hours.

On the other hand, the NFT sales volume has dropped by 7.12%, claiming the $9,192,420 mark. Even then, the top-selling NFT collection, CryptoPunks, has recorded an 8.11% increase to reach $614,277.

Strive Plans Further $BTC Buyouts with Latest $500M Stock Offering, UK Allows Banks for Crypto Trading

Moving on, the crypto sector has also seen many other crucial developments over 24 hours. In this respect, the popular asset management firm, Strive, has initiated stock offering of up to $500M for further $BTC acquisition.

Moreover, Circle is planning a privacy-preserving stablecoin, $USDCx, to cope with rising institutional demands. Furthermore, the U.K.-based Office of the Comptroller of the Currency (OCC) has officially permitted national banking entities to carry out crypto trading.