Crypto Market Records Notable Surge Amid Extreme Fear

Following the consistent downtrend, the crypto market has once again witnessed significant growth over the past 24 hours. Hence, the total crypto market capitalization has increased by 5.18%, hitting the $2.36T mark. In addition to this, the 24-hour crypto volume has also gone through a 35.62% rise, reaching $125.4B. However, the Crypto Fear & Greed Index is still down at 14 points, indicating “Extreme Fear” among the investors.

Bitcoin ($BTC) Jumps by 5.46%, and Ethereum ($ETH) Sees 9.47% Increase

Particularly, the flagship crypto asset, Bitcoin ($BTC), is now changing hands at $68,374.59, highlighting a 5.46% price rise. Additionally, the market dominance of $BTC accounts for 58.0%. Along with that, the leading altcoin, Ethereum ($ETH), is currently trading at $2,063.98, signifying a 9.47% surge. In the meantime, the m its market dominance sits at 10.6%.

$BPX, $TRUMP, and $MUBARAK Dominate Crypto Gainers of Day

Apart from that, the leading crypto gainers of the day include Black Phoenix ($BPX), PEPE ($TRUMP), and Mubarak ($MUBARAK). Specifically, $BPX has jumped by a staggering 4556.63%, touching the $0.1826 mark. Following that, a 1484.08% increase has placed $TRUMP’s price at $0.0001786. Subsequently, $MUBARAK displays a 942.43% while hovering around $0.01181.

DeFi TVL Records 5.31% Rise While NFT Sales Volume Dips by 19.45%

Simultaneously, the DeFi TVL has recorded a 5.31% growth, attaining the $96.123B. In addition to this, the leading DeFi project in terms of TVL, Aave, is up by 3.97%, touching the $27.405B spot. However, when it comes to 1-day TVL change, Pell Network enjoys the leading position in the DeFi sector, claiming a 943% spike over the past twenty-four hours.

Contrarily, the NFT sales volume has dropped by 19.45% to reach $6,419,834. Even then, the top-selling NFT collection, Flying Tulip PUT, has spiked by 10.51%, touching $1,903,495.

Ripple Backs $5M Agentic Economy Round, Indiana Bitcoin Bill Advances

Concurrently, the crypto landscape has also experienced many other key developments across the globe over 24 hours. In this respect, Ripple has joined a $5M seed funding round for the San Francisco-based venture capital firm t54 Labs to drive automated agentic economy.

Moreover, Hong Kong plans to amend its crypto tax policy to attract a wide range of crypto-friendly family offices. Furthermore, the Bitcoin rights policy of Indiana, HB 1042, has gained bicameral authorization on Wednesday.