Crypto Market Sees Wider Recovery While Sentiment Stays Neutral

The crypto market is witnessing a notable recovery in line with the latest 24-hour data. Hence, the total crypto market capitalization has surged by 1.49%, reaching the $3.14T mark. In addition to this, the 24-hour crypto volume has also hit $76.05B after a 72.45% increase. Concurrently, the Crypto Fear & Greed Index stands at 41 points, indicating “Neutral” sentiment among the market participants.

Bitcoin ($BTC) Surges by 1.42% and Ethereum ($ETH) Sees 1.89% Rise

The leading cryptocurrency, Bitcoin ($BTC), is changing hands at $91,987.63, presenting a 1.42% increase. Additionally, the market dominance of the $BTC is currently 58.6%. Along with that, Ethereum ($ETH) has seen a 1.89% surge, touching $3,154.94 in price. In the meantime, the $ETH’s market dominance sits at 12.1%.

$NMKR, $GME, and $CAT Dominate Daily Crypto Gainers

The leading crypto gainers of the day include NMKR ($NMKR), GameStop Coin ($GME), and NOT ($CAT). Particularly, $PENGU has surged by a staggering 707.26% as its price is currently hovering around $0.001213. Following that, $GME is standing at $0.0008798 as a result of a 521.03% price increase. Subsequently, $CAT has jumped by 510.29%, with its current price attaining the $0.1234 mark.

DeFi TVL Jumps by 0.82% and NFT Sales Volume Witnesses 18.23% Increase

The DeFi TVL has witnessed a 0.82% rise, claiming the $124.426B figure. Additionally, the top decentralized finance (DeFi) project in terms of TVL, Aave, has spiked by 1.47%, hitting $35.001B. Nonetheless, when it comes to 1-day TVL change, BitSwap is the top DeFi project, accounting for a stunning 238% spike over the past twenty-four hours.

Similarly, the non-fungible token (NFT) sales volume has also increased by 18.23%, touching $8.293,435. In the same vein, the top-selling NFT collection, Ape.bond Bonds, now accounts for $1,316,980, after a 665.47% jump.

South Korea to Allow Corporate Investment in Crypto, OKX Enforces Stringent Risk Control Because of Client Complaints

The wider crypto market has also experienced many other influential developments over 24 hours. In this respect, South Korea plans to lift prohibition on corporate investment in crypto. Moreover, the U.S. President has declared a consultation with Musk on utilizing Starklink for internet restoration in Iran. Furthermore, OKX is enforcing stringent risk control due to notable user complaints.