Crypto Market Shows Stability with Minor Gains for Bitcoin and Ethereum

The global crypto landscape is demonstrating steady development despite uncertain market conditions. The cumulative crypto market capitalization has seen a 0.84% surge, reaching $3.298 trillion, while the 24-hour crypto trading volume stands at $89.29 billion after a significant 39.94% dip. The crypto Fear & Greed Index is currently at 56 points, indicating a relatively neutral market sentiment.
Bitcoin and Ethereum Price Dips
Bitcoin ($BTC) is currently trading at $104,718.94, reflecting a 0.92% dip in price over the last 24 hours. Bitcoin's market dominance remains substantial at 63.5%. Concurrently, Ethereum ($ETH) has experienced a 0.16% dip, with its price reaching $2,523.66. Ethereum’s market dominance is reported to be nearly 9.3%.
Significant Surges for Altcoins: $KERMIT, $FTW, and $INU
Several altcoins have registered as top crypto gainers for the day. Kermit ($KERMIT) leads the pack with a stunning 1941.40% rise, achieving a price of $0.00003336. Following this, Black Agnus ($FTW) recorded a 1515.94% upsurge, placing its price at $0.00000007120. Additionally, INU ($INU) has undergone a significant 526.49% increase, touching a price of $0.000000004519.
DeFi Market and NFT Sales Volume Dynamics
The Decentralized Finance (DeFi) market has seen a slight contraction, with its cumulative Total Value Locked (TVL) experiencing a 0.02% drop to $112.693 billion. Within the DeFi space, AAVE holds the top rank among projects with a TVL of $24.364 billion. Notably, HipPowSwap has shown an extraordinary 16,752,487% increase in TVL over the past 24 hours, placing it at the top for 1-day TVL change. In parallel, the Non-Fungible Token (NFT) sector has seen its sales volume decrease by 17.47%. Despite this downturn, the Courtyard NFT collection has maintained its leading position with a 23.92% surge in sales volume, reaching $2,205,941.
Other Key Crypto Sector Developments
The broader crypto sector has witnessed several noteworthy developments in the past 24 hours. Cetus, a popular decentralized exchange, successfully recovered $160 million following a recent hack. In other news, Ross Ulbricht, founder of Silk Road, has reportedly received 300 $BTC (approximately $31.4 million) in donations. Furthermore, the United States Trade Representative (USTR) has announced an extension for China-focused tariff exemptions until August 31st.