Crypto Market Jumps as Bitcoin and Ethereum Post Strong Gains

The crypto sector is witnessing dynamic changes after the persistent bear market. Hence, the crypto market capitalization has jumped by 2.89% to hit $2.43T. In addition to this, the 24-hour crypto volume has hit the $105.37B mark after a 7.89% increase. At the same time, the Crypto Fear & Greed Index has also surged to 31 points, while still standing within the “Fear” territory.

Bitcoin Surges by 3.22% and Ethereum Sees 4.45% Increase

Specifically, the flagship crypto asset, Bitcoin ($BTC), has seen a 3.22% increase over the past 24 hours. As a result, its current price is $71,583.08, while the market dominance accounts for 58.8%. Additionally, the top altcoin, Ethereum ($ETH), is now changing hands at $2,113.74, showing a 4.45% rise. In the meantime, the market dominance of $ETH sits at up to 10.5%.

$BPX, $TRUMP, and $PEPE Lead Crypto Gainers of Day

Apart from that, Black Phoenix ($BPX), PEPE ($TRUMP), and PEPE AI ($PEPE) are the dominating assets on the list of leading crypto gainers. Particularly, $BPX has surged by a staggering 1928.70% to reach the price level of $0.09161. Following that, $TRUMP’s price is $0.0003180 after a 1097.09% increase. Subsequently, a 792.83% surge has placed $PEPE’s price at $0.001017.

DeFi TVL Jumps by 1.97% While NFT Sales Volume Drops by 6.10%

Simultaneously, the DeFi TVL has spiked by 1.97% to touch $96.278B. Additionally, the top DeFi project in terms of TVL, Aave, has climbed by 3.42%, reaching $25.909B. Nonetheless, when it comes to 1-day TVL change, zkFox is leading the DeFi market, accounting for a 9293113% rise over the past twenty-four hours.

On the other hand, the NFT sales volume has dipped by 6.10%, claiming the $4,684,665 mark. Even then, the top-selling NFT collection, Flying Tulip PUT, has witnessed a notable 65.01% jump, attaining the $583,020 mark.

Coinbase Lobbies Against Bitcoin Tax Exemption and Adobe CEO Considers Exit Amid Rising Focus on Generative AI

Moving on, the crypto industry has seen several other key developments over 24 hours. In this respect, Coinbase has allegedly carried out lobbying activities confronting the top cryptocurrency, Bitcoin ($BTC), in the case of a scheduled “de minimis” exemption for taxation for Bitcoin.

Moreover, Eightco has raised a staggering $125M from the crypto mining giant Bitmine and Ark Invest to support its AI and blockchain bets. Furthermore, Shantanu Narayen, the CEO of Adobe, is planning an exit as the firm is broadening its initiatives regarding generative AI instruments.