Crypto Markets Defy Gravity: Market Cap & Trading Volume Pump as Bulls Take Control

Crypto's proving Wall Street wrong—again. While traditional markets sweat over inflation data, digital assets quietly notch another bullish week.

Market cap surges, volume spikes, and the 'I told you so' tweets from crypto bros hit new highs. Meanwhile, your bank still pays 0.01% interest.

Here's why the smart money's stacking sats instead of chasing outdated financial products.

The worldwide crypto sector is displaying a robust positive sentiment with steady progress. The data reveals a 0.92% upsurge in crypto market cap that has touched the $3.36T mark over the past 24 hours.

 In addition to this, the 24-hour crypto volume has jumped to $89.05B after a 39.58% increase. At the same time, the crypto Fear & Greed index maintains its neutral position at 52 points.

Bitcoin and Ethereum See 0.55% and 2.30% Price Spikes

The flagship crypto asset, Bitcoin ($BTC), has witnessed a 0.55% increase, reaching the $108,583.59 mark in terms of price. Additionally, the market dominance of the top cryptocurrency has touched $64.4%. Concurrently, Ethereum ($ETH) has also recorded a 2.30% spike, attaining the $2,602.60 spot. Apart from that, Ethereum’s market dominance has reached 9.2%.

$MICHI, $SWOL, and $TURBO Dominate Crypto Gainers

Simultaneously, Michi ($MICHI), Snowy Owl ($SWOL), and TURBO BOME ($TURBO) have dominated the crypto gainers over twenty-four hours. Particularly, $MICHI has seen a 2170.45% boost, placing its price at $0.02239. Subsequently, $SWOL has climbed by 1986.62% as its price has now touched the $0.0001530 mark. After that, $TURBO stands at $0.00001528 following a 2532.70%.

DeFi TVL Witnesses 1.28% Rise and NFT Sales Volume Jumps by 24.76%

Similarly, the DeFi market has gone through a 1.28% increase in its TVL that now stands at $116.786B. Additionally, AAVE, the top DeFi project in terms of TVL, has beheld a 2.15% upsurge, raising its TVL to $26.423B. However, in the case of a 1-day TVL rise, Brise Swap leads the rest with a 13505562489248598016% increase over the past twenty-four hours.

Along with that, the non-fungible token (NFT) sales volume has also hit the $17,781,510 spot after a 24.76% spike. Analogously, Courtyard, the 1st top-selling NFT collection, has recorded a 3.45% surge in sales volume.

U.K. Court Sentences Imprisonment for 2 Men for Defrauding 65 Victims While Coinbase Gets New York License

Overall, the crypto market has also witnessed many other noteworthy developments worldwide. In this respect, a UK-based court has issued an imprisonment sentence for 2 men engaged in a plotted crypto investment fraud that scammed 65 victims, draining £1.54M (nearly $2.1M).

Moreover, the South Korean authorities have proposed a grant of benefits for startup crypto entities via reclassification. Furthermore, the popular crypto exchange, Coinbase, has secured a license in New York while adding 4 new tokens to its trading ecosystem.