Crypto Market Jumps Above $3.87T Amid Broader Altcoin Spree

Crypto landscape has recently made a staggering growth, with altcoins gaining full control. In this respect, the total crypto market capitalization has witnessed a 3.10% increase to reach $3.87T. In addition to this, the 24-hour crypto volume has reached $173B after a notable 35.85% rise. Concurrently, the Crypto Fear & Greed Index has spiked to 59 points, significantly closer to the “Greed” zone.

Bitcoin Surges by 2.03% and Ethereum Goes through 6.55% Rise

Particularly, Bitcoin ($BTC) has experienced a 2.03% rise over the past 24 hours. This has raised its price to $116,698.88. Additionally, its market dominance is standing at 60.2%. Along with that, the flagship altcoin, Ethereum ($ETH), has jumped by 6.55%, attaining the $3,908.41 mark in price. In the same vein, its market dominance has surged to 12.1%, displaying a bullish trajectory.

$BPX, $SWOL, and $PUMP Dominate Crypto Gainers

Apart from that, Black Phoenix ($BPX), Snowy Owl ($SWOL), and [Fake] PUMP FUN ($PUMP) hare the leading crypto gainers of the day. Specifically, $BPX has seen a staggering 4647.46% increase to reach $2.37. Following that, $SWOL is now changing hands at $0.00007094 after a 3731.17% increase. Subsequently, $PUMP accounts for a 532.95% upsurge while trading at $0.0002926.

DeFi TVL Jumps by 4.63% and NFT Sales Volume Records 31.42% Upsurge

Simultaneously, the DeFi TVL has recorded a 4.63% spike, reaching $145.021B. Additionally, the top DeFi project, AAVE, has also gone through a 6.17% growth to touch $36.963B. Nonetheless, when it comes to 1-day TVL change, zkBoost is the leading platform, accounting for 284135% jump over twenty-four hours.

Similarly, the non-fungible token (NFT) sales volume has also increased by 31.42%, achieving the $23,602,906 spot. In the same vein, the top-selling NFT collection, Courtyard , is 3.96% up, with its sales volume attaining $2,412,486.

Ukraine Proposes Crypto Legalization; Winklevoss Twins Back Trump-Linked Bitcoin Miner

Overall, the crypto market has also recorded many other impactful developments over past 24 hours. In this respect, the National Bank of Ukraine has proposed crypto legalization while excluding the payment utility.

Moreover, Oblong, a Nasdaq-listed platform, has invested up to $8M in Bittensor ($TAO), backing decentralized AI. Furthermore, Tyler and Cameron Winklevoss have privately invested in American Bitcoin, a popular mining platform co-founded by Eric Trump, Donald Trump Jr., and other collaborators.