Crypto Market Surpasses $3T As Bitcoin and Ethereum Rally

The worldwide crypto market is again witnessing renewed optimism with notable growth. Hence, the total crypto market capitalization has surpassed the $3T mark after a 2.48% rise. In addition to this, the 24-hour crypto volume has also jumped by 56.92%, reaching $75.44B. At the same time, the Crypto Fear & Greed Index still stands within the “Fear” zone while accounting for 30 points.

Bitcoin Surges by 2.81% and Ethereum Witnesses 3.60% Increase

Specifically, the flagship cryptocurrency, Bitcoin ($BTC), is changing hands at $90.060.47, displaying a 2.81% increase over the past 24 hours. Additionally, its market dominance is nearly 59.1%. In the same vein, the top altcoin, Ethereum ($ETH), is trading at $3,038.45, showing a 3.60% surge in price. Meanwhile, its market dominance has reached 12.0%.

$CPM, $BPX, and $PENGU Dominate Crypto Gainers of Day

Apart from that, Crypto Pump Meme ($CPM), Black Phoenix ($BPX), and PENGU AI ($PENGU) are the leading players on the list of today’s top crypto gainers. Particularly, $CPM has seen a staggering 4442.12% increase, hitting $0.0008465. Following that, Black Phoenix ($BPX) is changing hands at $2.81 after a 798.79% surge. Subsequently, $PENGU’s 551.36% increase has placed its price at $0.007888.

DeFi TVL Jumps by 1.38% and NFT Sales Volume Records 64.52% Rise

Simultaneously, the DeFi TVL has spiked by 1.38% to touch the $119.903B mark. Additionally, the top DeFi project in terms of TVL, Aave, has witnessed a 1.51% increase, attaining the $33.798B figure. However, when it comes to 1-day TVL change, PassDEX is the leading DeFi player, claiming a stunning 27295% increase over the past twenty-four hours.

Similarly, the NFT sales volume has also recorded a 64.52% jump, reaching $12,431,470. Along with that, the top-selling NFT collection, DMarket, sits at $3,870,078, after a 2295.61% increase.

China’s Central Bank Introduces New Framework for Digital Yuan and Coupang to Compensate Users with $1.1B after Data Breach

Moving on, the crypto industry has also gone through many other influential developments. In this respect, the People’s Bank of China (PBOC) has released a new “Action Plan” focusing on improving the digital yuan’s financial infrastructure and management.

Moreover, Coupang, a prominent e-commerce platform in South Korea, has declared the payment of more than $1.1B to consumers over data breach. Furthermore, Polkadot has imposed its long-term economic model, unveiling 2.1B $DOT tokens in a capped supply along with biennial issuance cuts.