Crypto Market Sees a Notable Surge as Bitcoin Price Hovers around $95K

The crypto sector shows considerable growth, with its total trading volume reaching $101.95B. The overall crypto market capitalization stands at $2.97T, showing a 1.01% upsurge over the past twenty-four hours. Apart from that, the Fear & Greed Index shows a neutral position at 53, which shows the community’s regained interest in the market.

Bitcoin ($BTC) Trades Slightly Below $95K While Ethereum Trades at $1,807.97

Bitcoin ($BTC) presents a modest price surge of 0.10% while trading at $$94,742.37. The top crypto asset has recently reclaimed the $95K mark, and now it is changing hands slightly below it. Additionally, its market dominance accounts for 63.2%.

On the other hand, Ethereum ($ETH) has also shown an analogous positive momentum. Its price indicates a minor 0.65% increase at $1,807.97. In addition to this, the market dominance of Ethereum is 7.3%.

$SNL, $SKITTEN, and $SEAL Lead Crypto Gainers

 Simultaneously, the altcoin market has also recorded massive surges in the prices of Snow Leopard ($SNL), Ski Mask Kitten ($SKITTEN), and Seal ($SEAL). $SNL has secured the top position among the crypto gainers with a stunning 2165.71% increase to reach $0.000003227. Subsequently, $SKITTEN is the top 2nd gainer with a 1716.61% jump at $0.00003703. Moreover, $SEAL’s current price is $0.3670, expressing a 41.16% surge.

DeFi TVL Records 2.34% Surge Whereas NFT Sector Underscores 22.17% Jump

Similarly, the cumulative TVL of the DeFi sector has now touched the $99.854B mark, with a 2.34% growth over 24 hours. The top DeFi project based on TVL is AAVE, possessing $20.008B. In addition to this, Tangible is atop in the case of overall TVL growth. Hence, its TVL has increased by 55095% over twenty-four hours.

Analogously, the NFT market has also recorded a noteworthy increase in sales volume. Currently, it accounts for a 22.17% rise in sales volume that has reached $12.284M. Particularly, DMarket is the top-selling NFT collection by having acquired $1.358M in sales following a 5.54% increase.

Recent Happenings in Crypto Market

Along with Bitcoin’s price movement around the $95K spot, the overall crypto market is witnessing substantial advancements. In this respect, Brazil is releasing the world’s earliest spot $XRP exchange-traded fund on B3 Exchange.

What’s more, the outperforming Bitcoin reserve plan has triggered a debate for comprehensive crypto regulation in Switzerland. Furthermore, the Trump administration’s ease in EV rules has led to a 10% increase in Tesla stocks.