Crypto Market Maintains Positive Outlook Amid Report of Decline in U.S. GDP Dip in Q1

Irrespective of the reported -0.3% dip in the U.S. GDP over the 1st quarter of this year, the crypto market has presented a relatively sustained development, with top assets witnessing gains. As per the new market data, the 24-hour crypto spot volume has reached $47.03B after a 4.89% rise, while the total crypto market cap has slightly dipped by 0.21% at $3.09T. Simultaneously, the Fear & Greed Index stands at 53, indicating a neutral position.

Bitcoin Surges by 0.11% While Ethereum Displays 0.58% Rise

The top crypto asset, Bitcoin ($BTC), has effectively surged by 0.11% in terms of price to reach the $94,880 mark. Along with this, the market dominance of Bitcoin is nearly 60.90%, signifying a 0.01% dip. Additionally, the top altcoin Ethereum ($ETH) has seen a 0.58% jump in price that has touched $1,813. In the same vein, its market dominance has touched 7.07% following a 0.38% increase.

$BSW and $VIRTUAL Lead Daily Crypto Gainers

The notable daily small and large-cap crypto gainers include $BSW and $VIRTUAL. $BSW, the top small-cap gainer has recorded a staggering 68.2% rise to reach $0.0557 while its market cap is $27.9M. In addition to this, $VIRTUAL is the leading large-cap crypto gainer trading at $1.64 after a 22.9% increase while its market cap accounts for $1.06B.

DeFi TVL Jumps by 0.58% Amid 9.71% Surge in NFT Sales Volume

The latest data concerning the DeFi sector indicates a 0.58% increase in TVL which has reached $100.426B. Particularly, AAVE is the top player among DeFi protocols with a stunning $19.851B in TVL. On the other hand, Defily Dex is the leading protocol when it comes to TVL growth, denoting a 192060% increase. Apart from that, the NFT sector shows a 9.71% surge in sales volume that has reached $16,486,859. Courtyard stands atop all NFT collections with $2,750671 in sales volume despite a 17.49% dip.

BlackRock Eyes Tokenized Treasuries, Ripple’s Circle Bid Rejected

The latest funding rounds include ZAR, Gata, and Terminal 3, which have pocketed $7.0M, $4.0M, and $8.0M respectively. Simultaneously, BlackRock has filed for the tokenization of $150 billion in Treasury Trust funds via Ethereum. Moreover, Ripple’s proposal of $4-5B to purchase Circle has faced a rejection. Furthermore, FIFA plans to migrate the flagship NFT collection thereof to another EVM chain.