The global cryptocurrency market is exhibiting signs of recovery amid a varied performance in recent days. According to the latest data, the total market capitalization for cryptocurrencies has increased by 1.13%, reaching approximately $3.88 trillion. The 24-hour trading volume has also surged significantly by 56.25%, now standing at $144.48 billion. Concurrently, the Crypto Fear & Greed Index has climbed from 42 to 44 points, indicating a shift towards a more neutral sentiment among investors.
In terms of individual cryptocurrencies, Bitcoin (BTC) is trading at approximately $112,04.11, marking a 0.99% increase within the last 24 hours. This rise has allowed Bitcoin to maintain a dominant market share of 57.5%. Meanwhile, Ethereum (ETH) has seen a modest gain of 0.34%, trading around $4,313.69 and holding a market dominance of 13.4%.
Several cryptocurrencies have emerged as top gainers for the day, led by SORA GROK (GROK), which has experienced an astonishing increase of 687.65%, reaching a price of $2.09. Following closely, BitBull (BTB) has surged 444.19% to settle near $0.0005999, while VIDT DAO (VIDT) has gained 434.82%, now priced at approximately $0.0008585.
On the decentralized finance (DeFi) front, the total value locked (TVL) has increased by 0.74% to reach $154.189 billion. Nevertheless, the leading DeFi project by TVL, Aave, has registered a slight drop of 0.30%, with a TVL of $39.953 billion. Notably, Brise Swap has seen an extraordinary gain of over 12 trillion percent in a single day, dominating in terms of 1-day TVL growth.
In the realm of non-fungible tokens (NFTs), the sales volume has recorded a robust increase of 53.87%, reaching $17,559,652. The top-selling NFT collection, DMarket, has also seen impressive sales, totaling $2,810,323.
Significant developments within the crypto industry have emerged over the last 24 hours. Upbit, a well-known South Korean cryptocurrency exchange, has launched an Ethereum Layer 2 solution called Giwa, currently in its testing phase, aimed at enhancing user experience. Additionally, OpenSea has made headlines by acquiring a CryptoPunk as part of its initiative to establish a $1 million NFT reserve. Moreover, ARK Invest has invested approximately $4.46 million in shares of BitMine while divesting $5.13 million worth of Robinhood shares.
