The cryptocurrency market has demonstrated a significant bounce-back, with both Bitcoin (BTC) and major altcoins experiencing notable gains. Over the last 24 hours, the total market capitalization surged to $2.41 trillion, reflecting a 7.49% increase. However, trading volume has seen a decline of 31.54%, totaling $210.19 billion. Currently, the Crypto Fear & Greed Index remains in the “Extreme Fear” zone, sitting at just 8 points.
Bitcoin has increased by 8.46%, bringing its price to $71,120.95, while its market dominance stands at 58.7%. In parallel, Ethereum (ETH) has experienced a 9.39% rise, trading around $2,101.98 and holding a market dominance of approximately 10.5%.
Among the top performers in today”s market are Crypto Pump Meme (CPM), Black Phoenix (BPX), and I love puppies (PUPPIES). CPM has skyrocketed by an astounding 4823.57%, now valued at $0.00002497, while BPX has seen a 2199.59% increase, reaching $0.2059. PUPPIES follows suit with a remarkable 1543.91% spike, trading at $0.0000000002656.
In the decentralized finance (DeFi) sector, the total value locked (TVL) has risen by 7.85% to a total of $97.919 billion. The leading DeFi platform, Aave, has also experienced a modest increase of 1.49%, bringing its TVL to $27.678 billion. Notably, Megaswap claims the top spot for the highest one-day TVL change, boasting a remarkable 12630% increase within the past 24 hours.
In contrast, the non-fungible token (NFT) market has not fared as well, with sales volume plummeting by 20.10% to roughly $7,727,658. The top NFT collection, Flying Tulip PUT, has seen a significant downturn of 49.81%, currently valued at $771,806.
In broader industry news, the United Arab Emirates has notably bolstered its Bitcoin holdings through mining, accumulating nearly 6,300 BTC, valued at approximately $700 million. Additionally, U.S. President Donald Trump has enacted a 25% tariff on India, which could have ripple effects across various sectors, including cryptocurrency. Furthermore, Vitalik Buterin has made headlines for donating a significant sum to Shielded Labs, the team behind Zcash, to support its Crosslink consensus upgrade.
