Broad Spike in Crypto Market Cap Witnesses Massive Increase in Prices of Key Cryptocurrencies

A broad spike in the crypto market has witnessed a massive increase in the prices of the key cryptocurrencies. The cumulative crypto market cap has reached $3.06T

The cumulative crypto market cap has reached $3.06T after a 0.77% rise over the last 24 hours. At present, the crypto market is witnessing a broad spike as most of the key cryptocurrencies have surged massively. Among them, the top crypto asset, Bitcoin ($BTC) has been consistently climbing even after surpassing the $90K mark. At present, its price is nearly $93,471, indicating a 5.99% increase over 24 hours. Its total market dominance has reached 60.69% after a 0.15% dip.

Additionally, Ethereum ($ETH) is trading at $1,800 following a 13.73%, with its dominance jumping by 7.76% to reach 7.14%. Simultaneously, Solana ($SOL) accounts for an 8.82% rise at $151.21. The top small and large-cap crypto assets are $TROLL and $DEEP, which have hit the $0.018 and $0.206 after a 249% and 67.7% increase, respectively. Their market caps are $17.8M and $515M.

DeFi Sector’s TVL Records 24% Growth Whereas NFT Landscape Accounts for 73% Rise

Concurrently, with a 5.3% increase, DeFi market has reached $196B in TVL while Injective serves as the top chain with a 24% growth. Moreover, the NFT market has gone through an enormous spike of nearly 73% in its volume which has reached $6.7M. Particularly, CryptoPunks stays atop among NFT collections with a $1.15M in its volume. Additionally, Gods Unchained has recorded the staggering rise of 728%.

Amid Easing U.S.-China Trade Tensions, Trump Media Collaborates with Crypto.com for New ETFs

The exclusive funding rounds include Inflow, Arch Network, and Analog, collecting $1.1M, $13M, and $15M, respectively. Along with that, the U.S. President’s hint toward decreasing trade tensions has notably increased the investor sentiment. Furthermore, Trump Media has collaborated with Crypto.com to offer ‘Made in America’ ETFs. Parallel to this, Ripple is releasing its stablecoin $RLUSD on Aave to broaden DeFi presence.