The cryptocurrency market is experiencing a resurgence, largely driven by altcoin performance. Recent data reveals the global crypto market capitalization has surged to $4.07 trillion, marking a 1.51% rise over the last 24 hours. Concurrently, trading volume in the crypto space has increased by 4.33%, reaching $168.5 billion. The Crypto Fear & Greed Index stands at 53, indicating a neutral sentiment among investors.
Bitcoin, the leading cryptocurrency, has seen a slight rise of 0.23%, currently trading at $115,831.71. Its market dominance remains robust at 56.7%. Meanwhile, Ethereum, another prominent player in the space, has soared by 4.39%, with its price hitting $4,724.84 and a market share of 14.0%.
Among the significant gainers of the day are TURBO BOME ($TURBO), Frontier ($FRONT), and [Fake] Wrapped COINBASE ($COIN). TURBO has experienced an extraordinary increase of 778.75%, now valued at $0.000006148. FRONT has also made headlines with a 641.45% growth, trading at $1.31. COIN follows with a 615.27% rise, currently priced at $0.001591.
In the decentralized finance (DeFi) sector, the Total Value Locked (TVL) has risen by 3.59%, reaching $164.31 billion. Aave, the leading DeFi project by TVL, has seen a notable increase of 3.69%, bringing its total to $42.693 billion. Recently, Brise Swap has reported an astronomical surge of over 12 trillion percent in its 24-hour TVL change.
The non-fungible token (NFT) market is also witnessing growth, with sales volume increasing by 14.17%, amounting to $17,560,150. However, the top-selling NFT collection, Courtyard, experienced a slight drop of 1.27%, landing at a valuation of $2,005,644.
Amid these market developments, notable news includes a statement from Lisa D. Cook, a Federal Reserve Board member, who has countered claims from Donald Trump regarding certain properties. She clarified that the property in question is categorized as a “vacation home” rather than the main residence.
Adding to the evolving landscape, Alex Thorn of Galaxy Digital has predicted the potential establishment of a U.S.-based Strategic Bitcoin Reserve within this year. Furthermore, Chainlink’s total value secured (TVS) has surpassed the $100 billion benchmark, emphasizing its growing prominence within the crypto ecosystem.
