Bitcoin Smashes Records: Bull Run Sends Price Soaring Past $112K
Crypto markets roar back as Bitcoin etches its name deeper into financial history—just don’t ask the SEC to celebrate.
The king of crypto defies gravity (and skeptics) with a blistering rally, leaving traditional assets eating dust. Meanwhile, Wall Street scrambles to explain how a ’volatile speculative asset’ keeps outrunning their precious ETFs.
Retail FOMO meets institutional desperation in this cycle’s perfect storm. And yes, your broker still thinks blockchain is ’that thing for drug deals.’
A dramatic shift has recently been witnessed in the crypto market with a notable market-wide rally. In this respect, the crypto market capitalization has seen a 0.67% increase to reach $3.52T. In addition to this, the Fear & Greed index shows extreme “greed” at 76 points while the 24-hour crypto volume has dipped by 18.90% to reach $157.08B.
Bitcoin ($BTC) Dips by 0.56%, But Ethereum ($ETH) Records 2.37% Jump
Bitcoin ($BTC) has recently achieved the new ATH at $111,970, however, its current price indicates a 0.56% decrease at $110,772. Additionally, the market dominance of the flagship crypto has touched 62.6%. Contrarily, ethereum ($ETH) is now changing hands at $2,690.42, denoting a 2.37% increase. Along with that, Ethereum’s market dominance currently accounts for 9.3%.
$TRUMP, $FMB, and $LOVELY Lead Daily Crypto Gainers
The daily top crypto gainers include BOME TRUMP ($TRUMP), Flappymoonbird ($FMB), and Lovely Finance ($LOVELY). In this respect, $TRUMP has gained a 645.10% rise to reach $0.1560 while $FMG has experienced a 559.48% increase, touching $0.02844 in terms of price. Apart from that, $LOVELY presents a 481.42% price upsurge at $0.000001905.
DeFi TVL and NFT Sales Volume See 2.81% and 12.27% Increases Respectively
Simultaneously, with a 2.81% increase over 24 hours, the cumulative TVL of the DeFi sector has reached $122.161B. Specifically, AAVE stays atop the DeFi projects with its TVL accounting for $25.941B. Nevertheless, after seeing a 2965241% TVL increase, Clutch Markets is at the peak in terms of 1-day change.
The NFT landscape has also jumped by 12.27% in its sales volume which has touched $17,951,790. In this respect, DNS is the top NFT collection, comprising $2,641,105 in sales volume after a 900.58% surge.
Texas Nears Establishing Bitcoin Reserve While Notable U.S. Banks Plan Creation of Stablecoin Venture
Impacted by this wide-ranging rally, the crypto ecosystem is seeing many notable advancements. Particularly, Texas Governor Greg Abbott has supported Strategic Bitcoin Reserve bill, signifying a move closer to developing a Bitcoin reserve.
Moreover, SEC has acknowledged filing submitted by Canary Capital for a staked $TRX ETF. Furthermore, the top U.S. banks including Wells Fargo, Citigroup, Bank of
America and JPMorgan Chase are planning a mutual stablecoin venture to meet growing demand.
