Crypto Market Cap Surpasses $3.2T as Optimism Leads to Price Surge

The crypto market has experienced a huge increase over the past 24 hours. Thus, the total crypto market capitalization has hit the $3.21T mark after a 1.87% rise. In addition to this, the 24-hour crypto volume has surged by 31.99%, reaching $122.66B. Concurrently, the Crypto Fear & Greed Index accounts for 49 points, showing a “Neutral” sentiment, while the wide-scale growth suggests a significant rise in this metric in the near term.

Bitcoin Sees 1.08% Surge, and Ethereum Jumps by 1.83%

Bitcoin, the leading crypto asset, has gone through a 1.08% increase, hitting the $93,678.11 mark in terms of price. Additionally, the market dominance of the flagship cryptocurrency is 58.3%. Additionally, Ethereum ($ETH), the leading altcoin, has jumped by 1.83%, reaching the $3,223.08 mark. In the meantime, Ethereum’s market dominance sits at 12.1%.

$TURBO, $TRUMP, and $BEER Dominate Crypto Gainers of Day

Apart from that, the top crypto gainers of the day include Turbo Trump ($TURBO), TRUMP AI ($TRUMP), and Beers ($BEER). Particularly, $TURBO has witnessed a 596.62% price spike to reach $0.01315. Subsequently, a 568.46% surge has placed $TRUMP’s price at $0.0003464. Following that, with a 535.50% jump, $BEER now stands at $0.01252.

DeFi TVL Records 1.71% Spike and NFT Sales Volume Undergoes 0.54% Increase

Simultaneously, the DeFi TVL has also climbed by 1.71%, attaining the $127.048 mark. Additionally, the top DeFi project, Aave, has seen a 1.46% growth, touching the $35.594B spot. Nonetheless, when it comes to 1-day TVL change, Mirakle Defi emerges as the top player in the DeFi landscape, claiming a 6680% jump over the past twenty-four hours.

Along with that, the NFT sales volume has hit $9,479,933 after a 0.54% increase. In the same vein, the top-selling NFT collection, Pudgy Penguins, has risen by 96.45%, touching $648,597.

China Seeks Bank Reports on Venezuela, Grayscale Ethereum ETF Pays Staking Rewards

At the same time, the crypto sector has also gone through many notable developments over the past 24 hours. In this respect, China has ordered the banks working in the jurisdiction to report exposure to the Venezuelan market following the U.S. raid.

Moreover, the Ethereum ETF of Grayscale has started recompensing staking rewards among $ETHE holders. Furthermore, the oil prices have plunged as the Venezuelan upheaval has triggered broader uncertainty in the market.