Crypto Market Sees Wider Rally Driven by Bitcoin and Top Altcoins

The crypto ecosystem has experienced a huge upsurge as Bitcoin ($BTC) and top altcoins like Ethereum ($ETH) are driving the bullish trajectory. In this respect, the cumulative crypto market capitalization has jumped by 2.83% to reach $4.17T.

In addition to this, the 24-hour crypto volume has touched $251.31B mark after a 13.54% increase. Complementing this, the Crypto Fear & Greed Index has spiked to 68 points, displaying strong “Greed” in the market.

Bitcoin Sees 2.63% Surge and Ethereum Goes Through 1.99% Rise

Particularly, Bitcoin ($BTC) is now trading at $122,302.94, indicating a 2.63% growth. Additionally, the market dominance of the top crypto asset accounts for 58.6%. Along with that, the flagship altcoin, Ethereum ($ETH), is changing hands at $4,730.59, presenting a 1.99% rise in the meantime. Similarly, the market dominance of Ethereum ($ETH) has also touched 13.7%.

$SWOL, $SNAKES, and $LINA Lead Crypto Gainers

Simultaneously, the prominent crypto gainers take into account Snowy Owl ($SWOL), Blue Snakes ($SNAKES), and Linear Finance ($LINA). Specifically, $SWOL has seen a staggering 3604.94% upsurge to reach $0.00005146. Subsequently, $SNAKES has jumped by 1036.19% to reach $0.007142. Following that, $LINA has attained the $0.00005252 mark after a 906.12% increase.

DeFi TVL Jumps by 2.43% and NFT Sales Volume Records 1.33% Increase

In the same vein, the DeFi TVL has also witnessed a 2.43% jump to touch $159.91B. Additionally, the top DeFi project in terms of TVL, Lido, has gone through a 2.08% surge to reach $42.316B. However, in the case of 1-day TVL change, Defily Dex enjoys the top position with a stunning 185205% increase over twenty-four hours.

Apart from that, the NFT sales volume has seen a 1.33% spike to attain $24,047,792. Similarly, the top-selling NFT collection, CryptoPunks, now stands at $2,412,015 after a 1.48% rise.

Coinbase Loses $300K in MEV Exploit, and Tron Founder Sues Bloomberg

Overall, the crypto market has seen several developments across the globe. In this respect, Coinbase has reportedly lost $300K in a recent MEV exploit following unintentionally granting spending permission to an exposed contract.

Moreover, Justin Sun, the founder of the Tron network, has filed a lawsuit against Bloomberg to stop it from publishing his crypto holdings’ sensitive details. Furthermore, Trump-linked platform “Thumzup Media Corporation” has disclosed plans to broaden its presence in the crypto landscape after a $50M funding round.