Crypto Market Recovers Slightly as Cap Hits $2.57T

The worldwide crypto sector is witnessing a modest recovery, as the latest 24-hour data suggests. In this respect, the total crypto market capitalization has hit $2.57M, indicating a 0.98% increase. However, the 24-hour crypto volume has dropped by 15.04%, reaching $121.36B. At the same time, the Crypto Fear & Greed Index accounts for 43 points, highlighting a “Neutral” sentiment among the market participants.

Bitcoin ($BTC) Rises by 1.38% and Ethereum ($ETH) Witnesses 0.80% Surge

Specifically, the flagship crypto asset, Bitcoin ($BTC), is now trading at $78,122.72. This price level indicates a 1.38% increase while the market dominance of $BTC sits at 60.2%. In addition to this, the leading altcoin, Ethereum ($ETH), has surged by 0.80% to touch the price level of $2,299.92. In the meantime, Ethereum’s ($ETH) market dominance has claimed the 10.7% mark.

$BPX, $BEER, $TRUMP Lead Crypto Gainers of Day

Apart from that, Black Phoenix ($BPX), Beers ($BEER), and $TRUMP AI ($TRUMP) are the top names on the list of today’s key crypto gainers. Particularly, $BPX has jumped by a staggering 2025.98%, hitting $2.81. Subsequently, $BEER is now hovering around $0.05393 after a 454.42%. Following that, a 418.97% rise has placed $TRUMP’s price at $68.60%.

DeFi TVL Spikes by 1.25% and $NFT Sales Volume Records 16.80% Jump

Simultaneously, the DeFi landscape has gone through a 1.25% surge, attaining the $84.861B spot. Additionally, the top DeFi project in terms of TVL, Lido, is 0.52% up while accounting for $20.937B. Nonetheless, when it comes to 1-day TVL change, XY Finance is the leading player in the DeFi world, claiming a stunning 1206% increase over the past twenty-four hours.

In the same vein, the $NFT sales volume has experienced a 16.80% rise, touching $7,136,363. Similarly, the top-selling $NFT collection, Bored Ape Yacht Club, is sitting at $1,395,944 following a 183.04% jump.

Hong Kong Unveils AI-Driven Anti-Fraud Platform to Accelerate Stablecoins, Morgan Stanley Acquires another 286 $BTC

Moving on, the crypto industry has also seen many other key developments over the past 24 hours. In this respect, Hong Kong is accelerating licensed stablecoins by launching an AI-driven anti-fraud platform.

Moreover, Dr. Ko Ju-Chun, a Taiwanese policymaker, has proposed the development of a Bitcoin ($BTC) reserve with the use of foreign exchange reserves. Furthermore, Morgan Stanley has acquired another 286 $BTC, raising the total Bitcoin holdings to 2,620 $BTC ($205M).