Crypto Market Sees Steady Momentum Amid Rising Sentiment

The cryptocurrency sector is moving steadily, with growing optimism among the market participants. Thus, the cumulative crypto market capitalization has hit the $3.26T mark after a 0.53% increase over the past 24 hours.

Nonetheless, the 24-hour crypto volume has dropped by 1.60%, reaching $150.13B. At the same time, the Crypto Fear & Greed Index accounts for 54 points after a notable increase, showing a gradual movement from “Neutral” to “Bulish” sentiment.

Bitcoin ($BTC) Surges by 1.47% While Ethereum ($ETH) Witnesses 0.53% Drop

Specifically, the top crypto asset, Bitcoin ($BTC), is changing hands at $96,384.16. This highlights a 1.47% increase in the leading cryptocurrency’s price while its market dominance is 59.1%. However, the flagship altcoin, Ethereum ($ETH), is trading at $3,311.02, presenting a slight 0.53% dip. In the meantime, its market dominance sits at 12.3%.

$CPM, $CAT, and $BEER Dominate Top Crypto Gainers of Day

Apart from that, today’s top crypto gainers include Crypto Pump Meme ($CPM), NOT ($CAT), and Beers ($BEER). Particularly, $CPM has jumped by a stunning 4392.75%, to hit $0.0003975 in price. Subsequently, $CAT is hovering around $0.1379 while indicating a 2479.87% rise. Following that, a 1788.37% increase has placed $BEER’s price at $0.0004133.

DeFi TVL Jumps by 0.42%, and NFT Sales Volume Jumps by 23.64%

Simultaneously, the DeFi TVL has surged by 0.42%, touching the $129.967B mark. Nevertheless, the top DeFi project in the case of TVL, Aave, has plunged by 0.29%, attaining the $36.282B spot. Along with that, SaharaDAO stands in the top place when it comes to 1-day TVL change, accounting for a 1699% growth over the past twenty-four hours.

In the same vein, the NFT sales volume has spiked by 23.64%, reaching $12,245,486. Additionally, the top-selling NFT collection, $X@AI BRC-20 NFTs, has recorded a 22.14% surge to reach $1,097,021.

Bank of England to Provide Stablecoin Insurance, China Drafts Key Bill for Regulated Nvidia H2000 Chip Buyouts

Concurrently, the crypto landscape has also experienced several noteworthy developments over 24 hours. In this respect, the Bank of England is planning to offer insurance for diverse stablecoins.

Moreover, the U.S. Senate Committee has postponed the markup of a crypto bill following Coinbase pulled its backing for the exclusive draft. Furthermore, China is reportedly drafting a bill for the regulation of regional buyouts of the H200 chip of Nvidia.