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Bitcoin Defies Gravity at $94K While Altcoins Play Catch-Up

Bitcoin Defies Gravity at $94K While Altcoins Play Catch-Up

Published:
2025-05-06 11:00:00
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Crypto markets wobble as BTC holds firm—proof that ’digital gold’ still calls the shots. Memecoins and mid-caps bleed out while institutional money piles into the OG crypto. Same old story: the rich get richer, the degens get rekt.

Ethereum gas fees hit $200 during NFT mania—because nothing says ’Web3 revolution’ like paying a Lambo’s worth of transaction costs. Meanwhile, TradFi bankers still pretend they ’don’t get Bitcoin’ between secret OTC purchases.

Regulators announce yet another ’crypto oversight framework’ that somehow manages to be both toothless and hostile. Pro tip: when the SEC starts hiring ex-blockchain devs at $500k salaries, you’ll know the game’s up.

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The crypto sector has presented a mixed outlook over the past 24 hours. As per the latest market data, the total crypto market cap has reached the $3.07T mark after a slight 0.01% dip while the cumulative 24-hour spot volume has surged by 0.94% to reach $37.05B. Apart from that the Fear & Greed Index has jumped to 59, indicating an inclination toward “greed.”

Bitcoin and Ethereum Record 0.22% and 0.11% Price Surges

Bitcoin ($BTC) is currently trading at $94,603, signifying a 0.22% increase in its price over past twenty-four hours. Additionally, its market dominance has reached 61.25% following a 0.21% jump in the meantime. Similarly, the current price of Ethereum ($ETH) is reportedly hovering around $1,807, showing a 0.11% upsurge. At the same time, $ETH has a market dominance of 7.11% after a 0.17% spike.

$VRA and $FORM Lead Small and Large-Cap Gainers with 40% and 12.9% Increases

When it comes to daily crypto gainers, $VRA is atop the small-cap crypto tokens with a 40% price increase. In addition to this, $FORM is the leading player among large-cap tokens with a 12.9% price rise. Hence, their current prices account for $0.00323 and $2.57 respectively. Simultaneously, $VRA’s market cap is $31M and $FORM’s market cap is up to $965M.

DeFi TVL Dips by 1.11% Whereas NFT Landscape Surges by 11.60% in Sales Volume

Concurrently, the DeFi sector indicates a 1.11% decrease in its total value locked which has reached $99.643B. AAVE maintains the peak spot among DeFi protocols in the case of TVL as it claims $20.05B in this respect.

However, based on the 1-day TVL change, dVOL has taken the top position, denoting a +2156016% rise. On the other hand, the NFT sector has recorded an 11.60% surge in sales volume that has touched $15,151,606. Particularly, Courtyard enjoys the top place among the NFT collections with its sales volume reaching $2,689,551, after a 6.69% rise.

VanEck Requests to Release $BNB ETFs While Strategy Makes Another $BTC Buyout

The latest funding rounds include Doppel, Dinari, and aZen at the top positions, collecting $35M, $12.7M, and $1.2M respectively. Along with that, VanEck has requested the U.S. SEC to permit it to launch a $BNB ETF. Moreover, Strategy has purchased 1,895 $BTC while paying almost $180.3M. Furthermore, Berachain’s liquidity initiative Boyco has concluded and the participants can claim rewards.

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