Altcoins Dominate Crypto Market as Total Market Cap Climbs Toward $4T

The recent jump in the altcoin sector is significantly influencing the overall crypto market. In this respect, the total crypto market capitalization has touched $3.83T after a 1.94% increase amid the leading role played by altcoins like Ethereum ($ETH). In addition to this, the 24-hour crypto volume has also risen to the $215.24B mark following a 14.99% upsurge. Concurrently, the crypto Fear & Greed index accounts for 70 points, presenting a considerable “Greed.”

Bitcoin Rises by 1.90% and Ethereum Records 8.82% Increase

Particularly, Bitcoin ($BTC), the flagship crypto asset, has spiked to $120,632.18, indicating a 1.90% increase. Additionally, Bitcoin’s market dominance stands at 61.6%. However, Ethereum ($ETH) is a frontrunner in the altcoin rally as it has recorded a staggering 8.82% upsurge, raising its price to $3,644.08. In the same vein, its market dominance has jumped to 10.9%.

$PORT, $SNL, and $SWOL Dominate Crypto Gainers

Simultaneously, the prominent crypto gainers include Port Finance ($PORT), Snow Leopard ($SNL), and Snowy Owl ($SWOL) as the leading players. Hence, $PORT has seen a huge 2360.56% rise to attain the $0.004584 mark in terms of price. Following that, $SNL has reached the $0.00000008370 mark after a 1569.67% spike. Subsequently, $SWOL has surged by 1015.81%, claiming the $0.00009303 mark.

DeFi TVL Jumps by 3.51% While NFT Sales Volume Slumps by 17.64%

Apart from that, the DeFi TVL has also increased by 3.51% to reach the $137.675B mark. Additionally, Lido has taken the top position among DeFi projects, with its TVL touching $32.846B after an 8% rise. However, in terms of 1-day TVL rise, Elexium is the top player, recording a 2328505% increase over twenty-four hours.

On the other hand, the NFT sales volume has plunged by 17.64% to reach $22,035,180. Even then, the top-selling NFT collection, Courtyard, has witnessed a 5.09% increase as its sales volume has touched $1,7711,295.

GENIUS Act Awaits U.S. Approval, Ex-Rugby Star Jailed for Crypto Ponzi

Overall, amid the wider altcoin rally, several other influential developments are taking place in the market. Thus, the well-known GENIUS Act is set to revolutionize the stablecoin market in the United States while waiting for the President Donald Trump’s signature.

Moreover, an ex-rugby player, Shane Moore, has faced a 30-month imprisonment sentence for looting over $900,000 from more than 40 investors via a fraudulent crypto mining project. Furthermore, the Trump Jr.-backed Thumzup Media gains board approval to launch a $250M treasury comprising $BTC, $DOGE, $XRP, and more.