Crypto Market Shows Significant Recovery Despite Extreme Fear

Over the past 24 hours, the crypto market has seen a notable recovery across Bitcoin ($BTC) and major altcoins. In this respect, the total crypto market capitalization has hit the $2.41T mark after a 7.49% increase. However, the 24-hour crypto volume has dipped by 31.54% to reach $210.19B. At the same time, the Crypto Fear & Greed Index now stands within the “Extreme Fear” zone while accounting for just 8 points.

Bitcoin ($BTC) Spikes by 8.46% and Ethereum ($ETH) Sees 9.39% Increase

Particularly, the flagship crypto asset, Bitcoin ($BTC), has jumped by 8.46%, placing its price at $71,120.95. Additionally, the market dominance of $BTC is sitting at 58.7%. Along with that, the leading player in the altcoin market, Ethereum ($ETH), is hovering around $2,101.98, presenting a 9.39% increase in its price. In the meantime, $ETH’s market dominance is almost 10.5%.

$CPM, $BPX, and $PUPPIES Dominate Top Crypto Gainers

Apart from that, the key crypto gainers of the day include Crypto Pump Meme ($CPM), Black Phoenix ($BPX), and I love puppies ($PUPPIES). Specifically, $CPM has surged by 4823.57%, with its price reaching $0.00002497. Following that, a 2199.59% increase has placed $BPX’s price at $0.2059. Subsequently, led by a 1543.91% spike, $PUPPIES is now trading at $0.0000000002656.

DeFi TVL Jumps by 7.85% While NFT Sales Volume Records 20.10% Plunge

Simultaneously, the DeFi TVL has recorded a 7.85% increase, hitting $97.919B spot. Additionally, the top DeFi project in terms of TVL, Aave, has risen by 1.49%, touching $27.678B. Nonetheless, when it comes to 1-day TVL change, Megaswap is the top DeFi player, claiming a noteworthy 12630% rise over the past twenty-four hours.

On the other hand, the NFT sales volume has slumped by 20.10% to attain the $7,727,658 mark. Similarly, the top-selling NFT collection, Flying Tulip PUT, is 49.81% down at $771,806.

UAE Accumulates 6,300 $BTC via Mining Endeavors, Trump Implements Twenty-Five Percent Tariff on India

Moving on, the crypto industry has also seen many other key developments over the past 24 hours. In this respect, the United Arab Emirates has substantially increased its $BTC holdings with the accumulation of nearly 6,300 $BTC ($700M) via strategic mining endeavors.

Moreover, the U.S. President has imposed a further twenty-five percent tariff on India. Furthermore, Vitalik Buterin has donated a significant amount to Shielded Labs, the developer of Zcash, to support the Crosslink consensus upgrade.