Crypto Market Records Modest Gains with Bitcoin’s Rebound to $87K

The crypto market is expressing renewed sentiment with modest price increases across prominent assets. The latest market data reveals a 2.03% increase in crypto market capitalization that has reached $2.88T. Additionally, the 24-hour spot volume of the market has also surged by 5.18% to touch $35.44B, while the Fear & Greed Index has slightly jumped to 39.

Bitcoin ($BTC) Reclaims $87K Mark While Ethereum ($ETH) and Solana ($SOL) Closely Follow

Bitcoin ($BTC) is currently trading at $87,435, showing a 2.68% increase over the past twenty-four hours. Apart from that, the market dominance of the top crypto asset has also spiked to 60.25%, indicating a 0.64% jump. Apart from that, the leading altcoin Ethereum ($ETH) has also jumped by 1.53%, attaining the $1,640 mark. However, after a 0.48% dip, its market dominance has reached 6.87%. Simultaneously, Solana ($SOL) stands at $140.98, signifying a 0.07% rise.

$LOOM and $TAO Dominate Daily Gainers with 153% and 9.09% Increases

In addition to this, the top gainers take into account $LOOM and $TAO among small-cap and large-cap cryptocurrencies. $LOOM is currently changing hands at $0.0352, with a staggering 153% price surge. Concurrently, $TAO accounts for a 9.09% increase as its present price is $328.6.

DeFi Expresses a 0.3% Growth in TVL While NFT Sector Jumps by 15% in Trading Volume for Scalability

Moreover, the DeFi market has seen a 0.3% increase as its TVL has touched $184B, with Zircuit getting the peak spot with a 22% increase. Along with that, the NFT sector’s volume has recorded a notable 15% rise. CryptoPunks maintains its top position among NFT collections with a $634K in volume. Parallel to this, alignDraw has emerged as the prominent collection based on TVL growth while accounting for a 1,371% rise.

Metaplanet Inc. Acquires 330 $BTC While Ethereum Co-Founder Proposes EVM’s Swap for RISC-V

The recent key crypto funding rounds include Neutrl, Glider, and ZND, pocketing $5.0M, $4.0M, and $20M, respectively. Additionally, a prominent Bitcoin Treasury firm, MetaPlanet Inc. has obtained 330 $BTC for nearly $28.2M. On the other hand, the value of $sUSDC on Synthetix has further distanced itself from its peg. Apart from that, Ethereum’s co-founder, Vitalik Buterin, has proposed the EVM’s swap for RISC-V for enhancement in scalability.