Crypto Market Records Mixed Momentum Amid Altcoin Surge

The crypto market is experiencing mixed performance amid the significant progress made by altcoins. As per the new data, the cumulative crypto market capitalization has touched the $3.9T mark after a 0.67% increase. However, the 24-hour crypto volume has dipped by 14.48% to reach $154.24B. Even then, the Crypto Fear & Greed Index has reached near the “Greed” territory while standing at 58 points.

Bitcoin Sees 0.21% Surge and Ethereum Witnesses 6.79% Rise

Particularly, the flagship crypto asset, Bitcoin ($BTC) has witnessed a minor spike of 0.21% to reach the $116,866.11 spot in terms of price. Contrarily, its market dominance has dropped to  59.5%. Nonetheless, as a leading force in the altcoin market, Ethereum ($ETH) has seen a 6.79% increase to attain the $4,170.19 mark. Concurrently, the market dominance of the top altcoin has surged to 12.7%.

$RS, $SBET, and $GROK Dominate Crypto Gainers

At the same time, the top crypto gainers of the day include Ceeylon ($RS), [fake] Sharplink Gaming ($SBET), and SORA GROK ($GROK). Specifically, $RS has gone through a staggering 1457.21% increase, reaching $0.0000005005. Subsequently, $SBET is now trading at $1.07, signifying a 277.33% upsurge. Following that, $GROK accounts for a 314.70% jump while hovering around $0.4801.

DeFi TVL jumps by 1.25% and NFT Sales Volume Records a 0.96% Growth

Simultaneously, the DeFi TVL has recorded a 1.25% rise, claiming the $146.642B mark. Additionally, the top DeFi project in terms of TVL, AAVE, has shown a 0.98% increase to reach $37.327B. Nonetheless, when it comes to 1-day change in TVL, 1Swap has taken the top place, accounting for 23577% increase over twenty-four hours.

Similarly, with a slight increase of 0.96%, the NFT sales volume has attained the figure $23,270,290. However, the top-selling NFT collection, CryptoPunks , has increased by 78.59% to touch the $2,823,276 mark.

US Allows 401k Crypto Investments and Hong Kong Bans Stablecoin Trading

Overall, the crypto industry has also recorded many other notable developments over 24 hours. In this respect, the U.S. President Donald Trump’s new executive order permits the use of 401(k) retirement plans for investment in diverse digital assets like Ethereum and Bitcoin.

Moreover, Binance has transacted massive funds in $ETH to Wintermute following noteworthy price rise. Furthermore, Hong Kong authorities are implementing exclusive requirements for stablecoin licensing, requiring crypto exchanges to stop trading $USDC and $USDT without license.