Crypto Market Cap Surpasses $2.62T As Sentiment Enters ‘Greed’ Zone

The global cryptocurrency sector has gone through a noteworthy upsurge over the past 24 hours. In this respect, the total crypto market capitalization has jumped above the $2.62T mark after a 2.69% increase. However, the 24-hour crypto volume shows a 1.51% decrease at $140.73B. At the same time, the Crypto Fear & Greed Index has entered the “Greed” zone while standing at 61 points.

Bitcoin ($BTC) Rises by 0.68%, While Ethereum ($ETH) Sees 0.51% Dip

The flagship cryptocurrency, Bitcoin ($BTC), is at the moment changing hands at $78,018.23. This price level signifies a 0.68% rise, while $BTC’s market dominance accounts for 59.8%. Contrarily, the leading altcoin, Ethereum ($ETH), is now trading at $2,352.21, highlighting a 0.51% decrease. In the meantime, the market dominance of $ETH stands at 11.0%.

$FOFAR, $MDAO, and $STOCK Dominate Crypto Gainers of Day

Apart from that, the leading crypto gainers of the day include Fofar ($FOFAR), MarsDAO ($MDAO), and Coin Stock ($STOCK). Particularly, $FOFAR has surged by a staggering 1531.39% to reach $0.00003454. Subsequently, $MDAO is now hovering around $0.04297 after a 375.40% increase. Following that, a 331.81% jump has placed $STOCK’s price at $24.14.

DeFi TVL Jumps by 1.02% and NFT Sales Volume Records 50.68% Surge

Simultaneously, the DeFi TVL displays a 1.02% increase, attaining the $85,928B mark. Additionally, the top DeFi project in terms of TVL, Lido, has also spiked by 1.37%, hitting the $22.079B. Nonetheless, when it comes to the 1-day TVL change, Tropical Finance sits at the top spot in the DeFi market, claiming a stunning 11685% spike over the past twenty-four hours.

In the same vein, the NFT sales volume also shows a 50.68% increase at $8,938,236. Similarly, the top-selling NFT collection, CryptoPunks, is 215.26% up at $1,304,525.

U.K. FCA Raids Illegitimate Crypto Trading Hubs in London, MetaMask Co-Founder Steps Down from Consensys

Concurrently, the crypto industry has witnessed many other crucial developments across the globe over the past 24 hours. In this respect, the Financial Conduct Authority (FCA) of the UK has raided 8 illegitimate crypto trading hubs across London.

Moreover, Dan Finlay, the co-founder of MetaMask, has announced his exit from Consensys. Furthermore, Kalshi, a renowned prediction market entity, has penalized 3 United States congressional candidates, along with suspending their ecosystem access for 5 years.