Crypto Market Gains 2.5% as Bitcoin and Ethereum Rally Amid Persistent Fear

The crypto market is going through cautious optimism with modest profits across the notable crypto assets. Hence, the cumulative crypto market capitalization has reached $3.75T after a 2.50% rise over 24 hours. However, the 24-hour crypto volume has dropped by 13.24% to reach the $158.29B mark. At the same time, the Crypto Fear & Greed Index stands at 32 points, showing persistent “Fear.”

Bitcoin Surges by 2.19% and Ethereum Sees 3.65% Increase

Particularly, the flagship crypto asset, Bitcoin ($BTC), is now changing hands at $111,216.89. This price level indicates a notable 2.19% surge while its market dominance accounts for 59.1%. Additionally, the leading altcoin, Ethereum ($ETH) is currently trading at $3,981.24, presenting a notable 3.65% spike. Along with that, the market dominance of Ethereum ($ETH) is up to 12.8%.

$CATX, $OXY, and $TSLA Lead Crypto Gainers of Day

Simultaneously, the top crypto gainers of the day include CATX ($CATX), Oxygen ($OXY), and Tesla ($TSLA). Specifically, with a staggering 4709.54% increase, $CATX is the prominent among crypto gainers as its price has reached $0.00001087. Following that, $OXY has reached $0.01166 after an 840.67% increase. Subsequently, $TSLA’s 613.59% upsurge has placed its price at $1,159.82.

DeFi TVL Spikes by 2.54% While NFT Sales Volume Drops by 15.71% Dip

Apart from that, the DeFi TVL has also increased by 2.54%, reaching the $150.912B mark. Additionally, the top DeFi project, Aave, has attained the $37.919B spot after a 3.77% increase. Nonetheless, when it comes to 1-day TVL change, Bidask is the leading DeFi player, claiming a stunning 107176% increase.

On the other hand, the NFT sales volume has recorded a 15.71% decline, touching the $14,271,800 figure. Additionally, the top-selling NFT collection, Cambria Islands, has touched $1,562,505 in its sales volume.

Plasma Purchases Italy-Based VASP-Licensed Firm and OKX Offers aPriori ($APR) Perpetual Futures

Moving on, the crypto industry has also gone through many other notable developments across the globe. In this respect, the L2 scaling solution, Plasma, has officially acquired a VASP-licensed platform in Italy while opening an office in Netherlands in the pursuit of thorough European regulatory permission for payment infrastructure.

Moreover, Sygnum, a Swiss banking platform, is planning to unveil Bitcoin-backed loan entity with multi-sig crypto wallet control. Furthermore, OKX has released aPriori ($APR) Perpetual Futures, offering a 50x leverage.