Bitcoin’s Bull Run Ignites Crypto Frenzy: Greed Hits Fever Pitch
The crypto markets are roaring back to life—and Bitcoin’s leading the charge. After weeks of sideways action, the king of crypto just sparked a full-blown greed cycle. Traders are piling in, altcoins are pumping, and even your Uber driver’s suddenly a TA expert.
Why the sudden surge?
Bitcoin smashed through resistance levels like they were made of wet tissue paper. Institutional inflows? Retail FOMO? Maybe just Wall Street realizing their ‘safe’ bonds yield less than a DeFi shitcoin. Whatever the reason, the charts don’t lie—we’re in breakout territory.
Altcoins join the party
Ethereum’s gas fees are climbing faster than a VC’s net worth, while Solana and BNB chains see record activity. Meme coins? Oh, they’re back too—because nothing says ‘healthy market’ like dog-themed tokens doubling on celebrity tweets.
The cynical take
Somewhere in Miami, a hedge fund manager is explaining to his investors why he ‘strategically reallocated’ 30% into JPEGs of monkeys. Meanwhile, the SEC’s probably drafting another lawsuit as we speak.
This rally’s got legs—but remember, crypto moves fast. Today’s moon mission could be tomorrow’s liquidation cascade. Trade accordingly.
Crypto market has been making substantial growth amid the overall bullish trajectory across Bitcoin ($BTC) and altcoins. Specifically, the cumulative crypto market capitalization has attained $3.78T after witnessing a 3.03% increase over the past twenty-four hours.
In addition to this, the 24-hour volume of the crypto sector has jumped by 24.58% to reach the $145.96B mark. Concurrently, the crypto Fear & Greed index has reached the significant “Greed” zone, accounting for 70 points.
Bitcoin Sets $121,405 as New ATH While Ethereum Sees 3.31% Surge
Bitcoin ($BTC) is leading the pack as it has recently set $121,405 as its latest all-time high (ATH). At present, it is changing hands at $121,308.82, showing a 2.86% increase over 24 hours. Additionally, its market dominance is up to 63.6%. Similarly, ethereum ($ETH) is now trading at $3.054.12, indicating a 3.31% upsurge. Along with that, Ethereum’s market dominance is 9.7%.
$BPX, $SNL, and $LVN Lead Crypto Gainers
Simultaneously, Black Phoenix ($BPX), Snow Leopard ($SNL), and Levana Protocol ($LVN) are the currently dominant crypto gainers. In this respect, $BPX has recorded a stunning 3950.89% increase to reach $3.81B in terms of price. Subsequently, $SNL has touched $4.57M, displaying a 3548.32% rise. Following that, $LVN denotes a 1966.70% upsurge, touching $0.1506.
DeFi TVL Jumps by 1.57% and NFT Sales Volume Witnesses 89.73% Growth
Apart from that, the DeFi TVL has jumped by 1.57% to attain the $127.88B mark. Additionally, AAVE, the top DeFi protocol based on TVL, has surged by 1.74% to reach $29.323B. However, when it comes to 1-day TVL growth, DegenSwap stands atop other DeFi projects, accounting for 165781% upsurge over twenty-four hours.
Analogously, the NFT market has also seen an 89.73% growth in sales volume, reaching $31,518,626. Particularly, Uncategorized Ordinals have emerged as the top-selling NFT collection, showing 37157.21% spike in sales to touch $8,285,367.
Metaplanet Buys 797 BTC, SharpLink Adds 16K ETH as Hong Kong Limits Stablecoin Licenses
The overall surging crypto growth has triggered several other notable developments across the globe. Specifically, amid Bitcoin’s rise to its new ATH, Metaplanet has purchased 797 more $BTC, raising its holdings to 16,352 $BTC.
Just like that, Ethereum’s massive growth has also pushed SharpLink Gaming to buy 16,374 ETH (approximately $48.85M), increasing total holdings to 270,000 $ETH. Moreover, Hong Kong is planning to unveil limited licenses for stablecoins in the starting phase to guarantee compliance.
