Crypto Market Records Notable Jump Amid Altcoin Dominance

Over the past 24 hours, the crypto landscape has witnessed a huge growth, with altcoins dominating the market. In this respect, the total crypto market capitalization has touched $3.97T after a 2.01% rise.

In addition to this, the 24-hour crypto volume has also increased by 9.37% to reach $169.09B. Concurrently, the Crypto Fear & Greed Index has attained 59 points while approaching the “Greed” zone.

Bitcoin Surges by 0.95% and Ethereum Sees 1.43% Spike

Particularly, Bitcoin ($BTC) is trading at $118,083.91, signifying a slight 0.95% increase over 24 hours. Additionally, the market dominance of the flagship crypto asset is nearly 59.3%. However, Ethereum ($ETH) has seen a notable 1.43% increase to touch $4,230.86 spot. At same time, its market dominance has also jumped to 12.9%.

$SWOL, $AUTO, and $GROK Dominate Crypto Gainers

Apart from that, the top crypto gainers of the day include Snowy Owl ($SWOL), Auto ($AUTO), and SORA GROK ($GROK). Specifically, $SWOL has gone through a stunning 3438.85% rise to reach $0.00006547. Subsequently, $AUTO’s 3421.88% increase has placed its price at $117.36. Following that, $GROK is now hovering around $2.66 after a 621.54% upsurge.

DeFi TVL Rises by 2.81% and NFT Sales Volume Goes Through 45.74% Increase

Similarly, the DeFI TVL has jumped by 2.81%, reaching $150.089B. Along with that, the top DeFi project in terms of TVL, AAVE, has also experienced a 3.05% spike to touch $38.467B. Nevertheless, in the case of 1-day TVL growth, Brise Swap is the top player, accounting for a staggering 16056889487211810816% increase over twenty-four hours.

Simultaneously, the non-fungible token (NFT) sales volume has also gone through a 45.74% uptake, claiming $33,243,610. Additionally, the top-selling NFT collection, CryptoPunks , has seen a 77.16% spike, touching $5,801,838.

Ukraine Parliament Proposes 10% Crypto Holding Tax, While Trump’s Crypto Council Chief Quits

Overall, the crypto industry has also recorded many other notable developments. In this respect, Ukraine’s parliament has proposed a ten percent taxation on cryptocurrency holdings to meet EU standards of regulations.

What’s more, Coinbase has unveiled exclusive DEX trading functionalities, including fee subsidies and self-custody for U.S.-based consumers. Furthermore, Bo Hines, the chief of the White House Crypto Council of Donald Trump, has resigned from the office on Saturday.