Crypto Market Records Significant Upswing amid Sentiment Shift

The crypto sector has experienced a significant upsurge on Monday, led by a wider sentiment shift. In this respect, the total crypto market capitalization has reached $4.28T with a 1.68% increase over 24 hours. In addition to this, the 24-hour crypto volume has also jumped by 17.05%, reaching $198.78B. At the same time, the Crypto Fear & Greed Index has also entered the “Greed” territory while accounting for 62 points.

Bitcoin Sees Slight 0.89% Rise and Ethereum Surges by 4.64%

Particularly, Bitcoin ($BTC) has witnessed a 0.89% increase. As a result, its current price is $124,600.29, while its market dominance stands at 58.0%. Apart from that, Ethereum ($ETH) is now changing hands at $4,727.41, indicating a 4.64% upsurge. Additionally, the top altcoin’s market dominance currently accounts for 13.3%.

$HOOD, $TESLA, and $CAT Dominate Crypto Gainers

Concurrently, the top crypto gainers of the day include Robinhood ($HOOD), Tesla ($TESLA), and NOT ($CAT). Specifically, $HOOD has spiked by a staggering 702.85%, claiming the $0.009438 mark. Following that, $TSLA has gone through a 635.07%, reaching $77.17. Subsequently, $CAT is now trading at $0.0008011, after a 584.39% increase.

DeFi TVL Jumps by 2.65% and NFT Sales Volume Records 51.26% Increase

Similarly, the DeFi TVL has recorded a 2.65% growth, attaining the $173.2B spot. Additionally, the top DeFi project in terms of TVL, Aave, has seen a 2.35% increase, touching $45.774B. However, when it comes to 1-day TVL change, Capy Finance occupies the 1 place among the DeFi projects, accounting for a huge 1287% increase over twenty-four hours.

In the same vein, the NFT market has also gained a 51.26% rise in sales volume, claiming $31,279,174. Additionally, the top-selling NFT collection, CryptoPunks, has surged by 178.97%, reaching $3,213,085.

India Plans Sovereign RBI-Led Digital Currency and Grayscale Offers $ETH ETF Staking in U.S.

Moving on, the crypto market has seen many other noteworthy developments over 24 hours. In this respect, India is planning to unveil autonomous RBI-led digital currency. Moreover, Grayscale Investments has officially announced the launch of Ethereum ($ETH) ETF staking in the United States. Furthermore, Galaxy has rolled out GalaxyOne as a Retail crypto trading forum with stunning 8% yield.