Crypto Market Cap Surges Past $2.5T as Bitcoin and Ethereum Rally

The crypto sector is expressing a noteworthy recovery in line with the latest 24-hour data. Thus, the cumulative crypto market capitalization has hit the staggering $2.52T mark after a 3.23% increase. In addition to this, the 24-hour crypto volume has surged by 65.23% to touch $91.53B. At the same time, the Crypto Fear & Greed Index stands at 41 points, turning into the “Neutral” zone following a prolonged dominance of fear.

Bitcoin ($BTC) Jumps by 3.20%, and Ethereum ($BTC) Sees 7.28% Rise

Particularly, the top crypto asset, Bitcoin ($BTC), is changing hands at $73,943.60. This price level indicates a 3.20% spike while the market dominance of Bitcoin stands at 58.7%. Additionally, the flagship altcoin, Ethereum ($ETH), is now trading at $2,266.55, highlighting a 7.28% rise. In the meantime, the market dominance of $ETH accounts for up to 10.9%.

$D, $TRUMP, and $SWTS Dominate Crypto Gainers of Day

Apart from that, D ($D), PEPE ($TRUMP), and SWEETS ($SWTS) have taken the top positions among the leading crypto gainers of the day. Specifically, $D has jumped by a 728.37%, reaching a price of almost $0.00003900. Subsequently, $TRUMP’s price is now sitting at $0.0002026, led by a 549.18% increase. Following that, a 419.66% surge has placed $SWTS’ price at $0.000000002772.

DeFi TVL Surges by 3.32% and NFT Sales Volume Records 3.64% Increase

Simultaneously, the DeFi TVL has climbed by 3.32% to attain the $98.977B spot. Additionally, the top DeFi project in terms of TVL, Aave, is 3.18% up at $26.367B. However, when it comes to 1-day TVL change, MistSwap has taken the top position in the DeFi market, accounting for a stunning 43709% jump over the past twenty-four hours.

In the same vein, the NFT sales volume has spiked by 3.64%, hitting $3,541,933. Similarly, the top-selling NFT collection, “0xbb5…” is standing at $272,701 after a 11.20% increase.

Australian Senate Backs Crypto Framework, Katana Launches $KAT Pre-Staking

Moving on, the crypto sector has also recorded several other critical developments across the globe over the past 24 hours. In this respect, the Australian Senate Economics Committee has supported the crypto framework in the exclusive push to regulate crypto entities as well as custody providers.

Moreover, Katana has unveiled a pre-staking project to back its native $KAT token, offering 35% annual percentage rate (APR) over 60 days. Furthermore, a whale investor has acquired 7,769 $ETH for up to $17.46M.