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Crypto Sector Surges Past $3.6T Amid Large Coin Rally

Published 20 hours ago3 minute read

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The crypto market has witnessed significant growth again amid the broader bull run. In this respect, the total crypto market capitalization has touched $3.64T after a 4.93% increase over the past 24 hours. In addition to this, the 24-hour crypto volume has also seen a 47.40% upsurge to reach the $206.7B mark. Concurrently, the crypto Fear & Greed index has entered the “Greed” zone, accounting for 67 points.

The flagship crypto asset, Bitcoin ($BTC), is currently trading at $117,511.65, which is its new all-time high. This price level highlights a 5.82% increase over twenty-four hours. Additionally, the market dominance of Bitcoin has touched 63.8%. Apart from that, Ethereum ($ETH) has touched $2,995.89 mark in terms of price, denoting a 7.75% increase. In the same vein, its market dominance now accounts for 9.8%.

Simultaneously, the top crypto gainers of the day include Black Phoenix ($BPX), Snowy Owl ($SWOL), and BOME GROK ($GROK). Specifically, $BPX has jumped by 3073.04% to reach $2.61 mark in price. Subsequently, $SWOL is now trading at $0.0001532, displaying a 1675.45% increase. Following that, with a 1022.14% spike, $GROK’s present price has reached $0.00001909.

Along with that, the DeFi TVL has effectively attained the $126.51B mark after a 4.67% rise over 24 hours. Additionally, AAVE, the top among DeFi projects in terms of TVL stands at $28.823B, presenting a 3.58% increase. However, when it comes to 1-day TVL increase, Brise Swap takes the lead with a 14074233692695035904% surge over 24 hours.

Similarly, the NFT sales volume has also jumped by 63.54%, touching $28,313,292. Particularly, f(x) wstETH position is dominating the top-selling NFT collections, with its sales accounting for $11,230,313 after a staggering 427.19% surge.

Overall, several other developments that have taken place during the past twenty-four hours are also influential for the crypto sector. Hence, Pump.fun has announced the acquisition of Kolscan, a $SOL-based wallet tracker, before the upcoming token ICO.

Moreover, the Florida Attorney General has filed a lawsuit against Robinhood Crypto as it has allegedly misled consumers about decreased trading costs. Furthermore, Bitcoin’s upsurge above $117K further enhances the speculation for a potentially upcoming bull rally across the crypto sector.

Shahzaib Ahmed

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

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