Crypto Market Sees Gradual Recovery as Key Assets Show Building Momentum

The worldwide crypto landscape is presenting cautious optimism as the notable assets are going through a gradual recovery. As per the latest market trends, the total crypto market capitalization has surged by 3.04%, reaching the $3.75T mark.

In addition to this, the 24-hour crypto volume has also touched $154.05B following a 50.97% increase. At the same time, the Crypto Fear & Greed Index is still in the “Fear” territory while standing at 30 points.

Bitcoin Witnesses a 3.22% Rise and Ethereum Surges by 3.70%

In this respect, the crypto kings like Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL) are experiencing notable price rebounds. Particularly, Bitcoin ($BTC) is changing hands at $110,553.32. This price level indicates a 3.22% spike over the past 24 hours, while its market dominance is nearly 58.8%.

Additionally, Ethereum’s ($ETH) 3.70% jump has raised its price to $4,049.82, whereas its market dominance is almost 13.1%. Along with that, Solana ($SOL) has surged by 2.74%, reaching $192.06. This overall optimistic scenario displays a “yes” signal for the further growth in the near term, after breaking above the recent consolidation trap.

$BPX, $TRUMP, and $PEOPLE Dominate Daily Crypto Gainers

Apart from that, Black Phoenix ($BPX), TRUMP AI ($TRUMP), and MAGA ($PEOPLE) are the leading crypto gainers of the day. Specifically, $BPX has spiked by 1305.54%, reaching $2.81. Moreover, $TRUMP has gone through a 497.01% surge, touching $0.00004351. Furthermore, led by a 462.89% increase, $PEOPLE is now trading at $0.0009855.

DeFi TVL Climbs by 1.55% While NFT Sales Volume Slumps by 6.43%

Simultaneously, the DeFi TVL has reached $152.644B, indicating a 1.55% increase. Additionally, the top DeFi project in terms of TVL, Aave, has dipped by 0.36%, attaining the $39.138B figure. However, when it comes to 1-day TVL change, fxify accounts for a 10049474151% increase over twenty-four hours.

 Concurrently, the NFT sales volume has recorded a 6.43% plunge, claiming the $10,969,314 mark. Similarly, the top-selling NFT collection, DMarket, has dropped to $1,080,695 after a 9.25% decrease.

Coinbase Hackathon Faces Bias Claims, Japan Mulls Bank Crypto Role

Moving on, the crypto sector has also noted many noteworthy developments over 24 hours. Hence, community members have accused Coinbase hackathon of providing prizes to several fake apps associated with employees.

Moreover, the Financial Services Agency of Japan is planning to let banks hold and transfer crypto assets, including Bitcoin ($BTC), to enhance financial inclusion among conventional institutions. Furthermore, Cuomo, the New York City Mayoral Candidate, has pledged to establish an exclusive CIO post to focus on crypto innovation.