Crypto Market Records Rebound Amid Lingering Caution

The crypto sector has recently seen a rebound, while there is still caution prevailing around the market. Thus, the cumulative market cap has reached $3.58T, denoting a 4.35% increase over the past 24 hours. In addition to this, the 24-hour crypto volume has surged by 24.32%, reaching $162.33B. Concurrently, the Crypto Fear & Greed Index stands at 29 points, highlighting “Fear” in the market.

Bitcoin Surges by 4.13% and Ethereum Witnesses 5.88% Jump

Bitcoin ($BTC) is hovering around $106.003.32. This points out a 4.13% increase. Along with that, the market dominance of the flagship crypto asset accounts for 59.3%. Additionally, the leading altcoin, Ethereum ($ETH), is now changing hands at $3,593.90. This signifies a 5.88% rise in $ETH’s price, while the market dominance thereof is 12.2%.

$BEER, $TURBO, and $DOGS Dominate Daily Crypto Gainers

Apart from that, the daily crypto gainers include Beers ($BEER), Turbo Trump ($TURBO), and HARRIS DOGS ($DOGS) in leading positions. Specifically, $BEER has surged by a staggering 578.25%, attaining the $0.00008019 mark in price. Subsequently, witha 547.84% increase, $TURBO has reached $0.07688. Following that, the 481.35% has pushed $DOGS’ price to $0.006090.

DeFi TVL Spikes by 3.95% and NFT Sales Volume Records 6.76% Rise

Simultaneously, the DeFi TVL has recorded a 3.95% spike, claiming the $136.511B spot. Additionally, the top DeFi project in terms of TVL, Aave, has jumped by 5.13%, attaining the $33.147B figure. However, in the case of 1-day TVL change, pSTAKE Finance maintains its top position in the DeFi landscape, accounting for 31618653% over twenty-four hours.

In the same vein, the NFT sales volume has seen a 6.76% increase, touching $9,935,717. Contrarily, the top-selling NFT collection, DMarket, has dropped by 13.80%, reaching $940,574.

Korea Investment Management Introduces ETF and U.S. Treasury Presents Unique Regulations for Tax Relief

Moving on, the crypto market has also experienced several other influential developments over 24 hours. In this respect, the South Korean Korea Investment Management has unveiled ACE U.S. AI Tech Core Industry Active ETF.

Moreover, the U.S. Treasury, as well as the IRS, has proposed unique tax regulations to provide likely relief to real estate and crypto companies. Furthermore, the latest U.S. Senate agreement to end the government shutdown has raised optimism in crypto market.