Crypto Market Cap Reaches $3.87T Amid Rising Bullish Sentiment

The crypto sector has been going through a growing bullish sentiment this weekend, achieving new milestones in market valuation. As per the exclusive market insights, the cumulative crypto market capitalization has touched the $3.87T mark following a 2.18% increase on Saturday.

Contrarily, the 24-hour crypto volume has dipped by 25.98% to reach the $165.52B. In addition to this, the Crypto Fear & Greed Index maintains its significant position in the “Greed” zone with 64 points.

Bitcoin Surges by 0.62% and Ethereum Sees 1.16% Increase

Along with that, the top crypto asset, Bitcoin ($BTC), is currently changing hands at $118,252.81. This price level accounts for a 0.62% increase. Concurrently, its market dominance stands at 60.4%. Additionally, Ethereum’s ($ETH) latest price is $3,788.80, denoting a 1.16% surge. In the same vein, the flagship altcoin’s market dominance has jumped to 11.7%.

$SWOL, $AUTO, and $SQUID Dominate Crypto Gainers of Day

Simultaneously, the notable crypto gainers take into account Snowy Owl ($SWOL), Auto ($AUTO), and Squid Game ($SQUID). In this respect, $SWOL has taken the top position, getting a 1698.40% rise to reach $0.0001222, indicating a significant buy signal for those who want to leverage the rising momentum. Additionally, $AUTO has reached $18.86, resulting in a 876.31% increase. Subsequently, with a 414.80% upsurge, $SQUID has attained the $0.001020 mark.

DeFi TVL Witnesses 1.25% Jump While NFT Sales Volume Slumps by 22.16%

At the same time, the DeFi TVL has climbed by 1.25%, touching the $140.51B spot. Particularly, Lido has become the leading platform in terms of TVL, gaining a 0.67% increase to reach the figure of $34.01B. Apart from that, in the case of a 1-day TVL spike, Brise Swap has recorded a staggering jump of 16058907015862108160% over 24 hours.

However, the NFT sales volume has plunged by 22.16% to reach $20,456,874. Nevertheless, f(x) wstETH position has become the top-selling NFT collection with $1,903,999 in sales volume, accounting for a 1588.78% surge.

U.S. Senate Presents CLARITY Act’s Draft and Blockstream Secures Elysium Labs

Overall, the crypto industry has also experienced many considerably influential developments. Specifically, the U.S. Senate has issued the CLARITY Act’s draft, defining the oversight regulations for digital assets, while keeping in view the great need for that.

Moreover, Blockstream has purchased Elysium Labs to broaden its operations in Europe. Furthermore, OKX has introduced the latest $USDT-margined perpetual contracts in the case of $NEWUSDT and $USELESSUSDT.