The DeFi TVL has increased by 1.38%, reaching $119.903 billion. Aave, a top DeFi project, has seen a 1.51% increase, reaching $33.798 billion. PassDEX recorded a 27295% increase over the past 24 hours.
NFT sales volume has jumped by 64.52%, reaching $12,431,470. The top-selling NFT collection, DMarket, sits at $3,870,078, after a 2295.61% increase.
The overall crypto market capitalization has surpassed the $3 trillion mark, demonstrating a 2.48% rise. The 24-hour crypto volume has jumped by 56.92%, reaching $75.44 billion. Despite this surge, the Crypto Fear & Greed Index remains in the “Fear” zone, standing at 30 points. This indicates that while the market is experiencing growth, investor sentiment remains cautious.
The rise in Bitcoin and Ethereum values is a primary driver for the overall market surge. Increased activity in the DeFi and NFT spaces also contributed to the market’s growth..
The cryptocurrency market will likely continue to experience fluctuations as it responds to various factors, including regulatory developments, technological advancements, and shifts in investor sentiment. The developments in China with the digital yuan may influence other central banks. The growth of DeFi and NFT sectors is expected to continue, potentially bringing new opportunities and challenges.
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