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The ceasefire between Israel and Iran has resulted in a significant surge in the crypto market. In this respect, the cumulative crypto market capitalization has jumped by 4.26% to touch $3.23T over past 24 hours. In addition to this, the 24-hour crypto volume has also soared to $148.18B after a 8.48% increase. Concurrently, the crypto Fear & Greed index accounts for 47 points, indicating a neutral position.
Bitcoin ($BTC) is now changing hands at $104,920. This price level signifies a notable 3.66% upsurge over the past twenty-four hours. Additionally, the market dominance of Bitcoin currently stands at 64.5%. Along with that, Ethereum ($ETH) is trading at $2,404, presenting a 7.60% price spike during the same period. At the same time, its market dominance accounts for 9.0%.
Among the daily top gainers, Hifi Finance ($HIFI), Movement ($MOVE), and Sei ($SEI) are the leading names. Specifically, $HIFI has witnessed a 53.36% increase to reach $0.1187. After that, $MOVE has recorded a 36.68% rise to claim the $0.1621 mark. Subsequently, $SEI stands at $1.39 following a 30.66% increase.
Just the wider crypto sphere, the DeFi ecosystem has also gone through a 5.84% increase in TVL that has now touched the $109.945B mark. Hence, the top DeFi project, AAVE, displays a 6.96% jump in TVL to reach $24.382B. However, in terms of 1-day TVL change, Brise Swap stands atop others with a 15244112439225339904% increase over 24 hours.
Simultaneously, the NFT sector has gone through a 103.47% jump in sales volume to attain the $17,935,068 figure. Similarly, Guild of Guardians Heroes has maintained its top position among the notable NFT collections when it comes to sales volume. In this respect, its sales have surged by 319.84% to reach $2,173,078.
Overall, the Israel-Iran ceasefire has emerged as a turning point for the latest crypto surge. Additionally, Bitcoin proponent Anthony Pompliano has acquired $751.5M in a recent funding to establish one of the biggest initial fundraises to drive an open Bitcoin ($BTC) treasury.
Moreover, the stocks of Circle (the issuer of $USDC) have jumped by 750% since it obtained an IPO in the current month. Furthermore, VMS (the $4B family office of Hong Kong) has expressed a strategy to allocate $10M for a DeFi hedge fund named “Re7 Capital” amid the growing crypto adoption.
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