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Crypto Markets Surge as Q1 Reports Ignite FOMO—Wall Street Analysts Still Can’t Spell ’DeFi’

Crypto Markets Surge as Q1 Reports Ignite FOMO—Wall Street Analysts Still Can’t Spell ’DeFi’

Published:
2025-05-02 11:00:00
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Bitcoin smashes through resistance levels as institutional inflows hit $2.3B—retail traders pile in late as usual.

Altcoins rally: Ethereum leads with 28% weekly gains while Solana and Avalanche outperform.

Behind the surge: BlackRock’s ETF holdings hit 250K BTC, and Coinbase reports record derivatives volume.

The catch? ’Adoption metrics’ still include vaporware projects with CEOs who trade NFTs during earnings calls.

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The crypto sector is showing a sheer upswing as the wave of robust Q1 financial reports from top entities has boosted the investor confidence to a significant extent. The total crypto market capitalization has reached $3.14T after a 1.38% rise while the 24-hour spot volume has surged by 4.97% to reach $47.04B. On the other hand, the 24-hour crypto liquidations stand at $212.8M parallel to the Fear & Greed Index’s spike to 67, indicating “Greed.”

Bitcoin Reclaims $97K While Ethereum Surges by 1.60%

Backed by the optimistic Q1 reports, Bitcoin ($BTC) has recently reclaimed the $97K mark while now it is trading just below it at $96,830. Apart from that, the market dominance of Bitcoin has touched 61.19% with a 0.45% increase over the past 24 hours. Simultaneously, Ethereum ($ETH) also presents a positive outlook with its current price displaying a 1.60% jump at $1,837. However, Ethereum’s market dominance is down 0.08% at 7.06%.

$SHADOW and $AR Lead Crypto Gainers

The top crypto gainers of the day include $SHADOW and $AR. $SHADOW is the top crypto asset among small-cap crypto gainers as it denotes a strong 69.5% increase while changing hands at $45.98. Along with that, $AR is atop the large-cap crypto gainers, with its price representing a 16.1% increase at the $7.93 mark.

DeFi Ecosystem Sees 2.42% Upsurge in TVL While NFT Sales Volume Dips by 0.59%

In addition to this, with a 2.42% increase, the DeFi landscape accounts for $102.189B in total value locked (TVL). The top DeFi player in terms of TVL is still AAVE with a massive $20.495B. However, when it comes to the TVL growth, Brise Swap has secured the top spot with a staggering +23768150189312843776% rise. Nonetheless, the NFT world has seen a 0.59% dip in sales volume that stands at $15,765,145. Courtyard maintains its position as the top-selling NFT collection despite a 12.25% decline in its sales, which account for $2,373,586.

Top Crypto Giants Record Notable Returns over Q1 2025

The well-known recent funding rounds include ZAR, Gata, and Dinari, securing $7.0M, $4.0M, and $12.7M respectively. In line with the Q1 2025 report, Tether’s earnings account for more than $1B in total operating profit. Additionally, Kraken has gained $472M during the 1st quarter. Simultaneously, the co-founder of World Liberty Financial, the platform will utilize $USD1 to conclude the deal between Binance and the UAE-based tech investment giant MGX.

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