Crypto Bull Run Charges On as Greed Sentiment Hits Fever Pitch
Crypto markets keep defying gravity—fueled by pure, unadulterated greed. Traders are piling in like it's 2021 again, chasing the next parabolic move.
### The Fear & Greed Index Is Screaming 'Buy'
Market sentiment’s cranked to 'maximum euphoria.' Retail FOMO is back, and even Wall Street’s algo-traders can’t resist the siren call of green candles.
### Liquidity Tsunami Meets Leverage
Exchanges report record open interest as speculators go all-in. Meanwhile, Bitcoin ETFs are sucking up supply like a vacuum—because nothing says 'mature asset class' like wild volatility and 10x leverage.
### The Cynic’s Corner
Sure, this’ll end well. Just like every other time greed outpaced fundamentals—until it didn’t. But hey, who needs risk management when lambo?
The crypto landscape has gone through a noteworthy growth over the past 24 hours. As per the new market data, the total crypto market capitalization has reached the $3.96T mark after a 1.43% increase.
In addition to that, the 24-hour crypto volume has also surged by 25.55% to reach the $150.71B spot. Concurrently, the Crypto Fear & Greed Index stays strong in the “Greed” territory while accounting for 67 points.
Bitcoin Witnesses 1.02% Surge and Ethereum Records 3.84% Spike
Specifically, the flagship crypto asset, Bitcoin ($BTC), is currently changing hands at $119,507.14. This indicates a 1.02% price spike. Additionally, the market dominance of Bitcoin stands at 60.0%.
Just like this, ethereum ($ETH) has witnessed a notable 3.84% rise to claim the $3,934.32 mark. Along with that, Ethereum’s market dominance has jumped to 11.9%.
$BPX, $SNL, and $NEIRO Dominate Crypto Gainers
At the same time, Black Phoenix ($BPX), Snow Leopard ($SNL), and Neiro Pump ($NEIRO) are the dominators among the crypto gainers. Particularly, $BPX has seen a massive 1453.16% rise to touch $0.7757.
Apart from that, $SNL has spiked by 643.27%, attaining $0.00000005618 in terms of price. Subsequently, $NEIRO is now trading at $0.02193 after a 632.76% increase.
DeFi TVL Jumps by 2.79% While NFT Volume Experiences 37.14% Increase
Simultaneously, the DeFi TVL has climbed by 2.79% hike to account for $143.476B. Additionally, AAVE, the top DeFi project when it comes to TVL, has jumped by 2.87% to attain the figure $35.07B. Nonetheless, in the case of 1-day TVL increase, Tangible stands atop all with a staggering 65674% rise over twenty-four hours.
In the same vein, the NFT sales volume has also recorded a 37.14% increase, reaching $27,473,978. Hence, CryptoPunks has become the top-selling NFT collection with a 24.05% growth, as its sales are now equal to $1,593,150.
SharpLink Acquires $295M in $ETH and Metaplanet Buys $92.5M in $BTC
Overall, the crypto sector has also witnessed several other notable developments. In this respect, SharpLink Gaming has acquired $295M in $ETH to bolster total holdings to more than 438,000 $ETH.
Moreover, 8 Chinese citizens have been sentenced to be imprisonment for allegedly stealing and laundering $20M via bitcoin ($BTC). Furthermore, Metaplanet has spent $92.5M to include 780 $BTC into its holdings that have now reached $2B in total.
