Crypto Sector Records Upsurge Driven by Altcoins

The crypto market has witnessed indications of cautious optimism over the past 24 hours as the altcoins are showing an upward trajectory. In this respect, the total crypto market capitalization has reached $3.86T after a 1.08% increase. However, the 24-hour crypto volume has seen a slight 3.00% dip to reach $180.3B. Concurrently, the Crypto Fear & Greed Index stays neutral at 50 points.

Bitcoin Records 0.16% Rise and Ethereum Surges by 3.36%

Particularly, the flagship crypto asset, Bitcoin ($BTC), has seen a minor 0.16% increase, reaching the $113,771.07 mark. Additionally, the market dominance of Bitcoin ($BTC) has claimed the 58.6% mark. Along with that, Ethereum ($ETH), as a key driving force in the altcoin sector, has surged by 3.36% to reach the $4,301.59 spot. At the same time, the leading altcoin’s market dominance has reached 13.4%.

$BRM, $SNAKES, and $TST Lead Crypto Gainers

Apart from that, the prominent crypto gainers include BullRun Meme ($BRM), Blue Snakes ($SNAKES), and [Fake] Test ($TST). Specifically, $BRM has surged by 3092.84% to touch $0.003922. Following that, $SNAKES accounts for $0.004420 after a 693.59% rise. Subsequently, $TST has seen a 551.40% growth, reaching $0.0001267.

DeFi TVL Jumps by 3.30% and NFT Sales Volume Records 14.33% Increase

Simultaneously, the DeFi TVL has spiked by 3.30%, attaining the $149.245B mark. Additionally, the top DeFi platform in terms of TVL, Lido, has jumped by 3.34% to reach $38.093B. However, when it comes to 1-day TVL increase, Brise Swap dominates the market with a stunning 14259237023706890240% rise over twenty-four hours.

In the same vein, the NFT market has also seen a 14.33% rise in sales volume that has touched $18,266,592. Additionally, the top-selling NFT collection, SpinNFTBox, has recorded a 7.49% increase, claiming the $1,830,378 mark in sales.

China Reviews Roadmap Covering Yuan-Backed Stablecoins and Rapper Ye Unveils YZY Money

Overall, several other developments have also taken place in the crypto industry over 24 hours. In this respect, the Chinese cabinet is planning to review a roadmap dealing with yuan-pegged stablecoins in order to boost yuan’s international adoption. Moreover, Rapper Ye, who was formerly known as Kanye West, has launched YZY Money, a Solana-based meme project, showing a reversal in his critical stance regarding celebrity meme coins.