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The crypto sector is witnessing a considerable upswing as Bitcoin ($BTC) and Ethereum ($ETH) are leading the rally. As per the latest data, the cumulative crypto market capitalization has reached the staggering $4.06T mark after a 2.37% increase.
In addition to this, the 24-hour crypto volume has surged by 1.90% to touch $172.82B. Likewise, the Crypto Fear & Greed Index also signifies the market’s entry into the “Greed” zone while accounting for 62 points.
Particularly, Bitcoin ($BTC) has gone through a noteworthy 3.26% surge. With this, its price has now reached $121.911.49. Additionally, its market dominance is up to 59.8%. Along with that, Ethereum ($ETH) has jumped by 1.89% to attain the $4,310.75 spot. In the same vein, its market dominance has also increased to 12.8%.
Concurrently, Primex Finance ($PMX), TURBO BOME ($TURBO), and America Party ($TAP) are leading the top crypto gainers. Specifically, $PMX has seen a stunning 1289.43%, touching $0.01925 in terms of price.
Following that, TURBO BOME ($TURBO) is now trading at $0.000001445, expressing a 150.98% increase. Subsequently, $TAP accounts for 102.16% rise while changing hands at $0.0002288.
Simultaneously, the DeFi TVL has recorded a 0.99% increase, reaching $152.116B. Apart from that, the top DeFi project in terms of TVL, AAVE, now accounts for $39.058B after a 1.44% increase. Nevertheless, when taking into account a 1-day TVL upsurge, Factor is the top name, denoting a 112787% increase over twenty-four hours.
Contrarily, the non-fungible token (NFT) sales volume has plunged by 12.15% to reach $28,328,188. Additionally, the top-selling NFT collection, CryptoPunks, has witnessed a 27.35% dip, touching $4,542,784.
Overall, the crypto industry has also experienced many other notable developments. In this respect, Singapore Exchange is planning to release cryptocurrency perpetual futures for institutional users by 2025’s end.
Moreover, BlackRock has declared having no immediate strategy for spot $XRP ETFs despite the remarkable settlement between Ripple and the SEC. Furthermore, Turkey authorities have detained a pseudonymous Ethereum developer, Fede’s Intern, for allegedly assisting people in misusing the blockchain technology.
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