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Crypto Market Shows Stability with Minor Gains for Bitcoin and Ethereum

Published 1 day ago2 minute read
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.

From Zeal News Studio(Terms and Conditions)
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