Crypto Market Holds Steady Amid Rising Investor Interest in New Tokens

The crypto world is indicating steady development as the prominent assets like Bitcoin ($BTC) show. Hence, the cumulative crypto market capitalization has seen a modest jump of 0.44% to reach $3.32T. In addition to this, the 24-hour crypto volume has touched $105.47B after a 5.87% dip. At the same time, the crypto Fear & Greed index is relatively “neutral” at 57 points.

Bitcoin Sees Minor 0.22% Surge and Ethereum Witnesses 1.57% Increase

Bitcoin ($BTC) has also recorded a slight upsurge of 0.22% to reach $105,479.41 in terms of price. Along with that, the market dominance of Bitcoin ($BTC) now accounts for 63.1%. Additionally, Ethereum ($ETH) is currently trading at $2,635.12, showing a 1.57% price jump over the past 24 hours. Concurrently, its market dominance is up to 9.6%.

$DINNER, $BTB, and $SWOL Dominate Crypto Gainers

Although the prominent cryptocurrencies have seen minor gains, new crypto tokens have made massive profits. Particularly, Trump Dinner ($DINNER), BitBall ($BTB), and Snowy Owl ($SWOL) are the top among daily crypto gainers. $DINNER has surged by 1449.32% to reach $0.00009672 while $BTC is changing hands at $0.001434 following a 1094.88% rise. Subsequently, $SWOL’s 500.11% increase has raised its price to $0.00003001.

DeFi TVL Dips by 0.25% While NFT Sales Volume Records 34.73% Jump

On the contrary, the DeFi sector has seen a 0.25% slump in TVL, reaching the $112.929B mark. Likewise, AAVE, the top DeFi player accounts for a 0.45% dip despite dominating with a $25.187B in TVL. However, in terms of 1-day TVL upsurge, Tangible is leading DeFi projects while expressing a remarkable 55519% increase.

Irrespective of the DeFi decline, NFT sales volume has risen by 34.73%, touching $16,722,492 in total. Apart from that, DMarket remains the top-selling NFT collection, accounting for a 561.32% jump to reach $2,321,416.

Ripple CEO Denies Circle Buyout as California Approves Crypto for State Agencies

Overall, several noteworthy developments have taken place in the crypto landscape over the past twenty-four hours. In a key development in this respect, Brad Garlinghouse, the CEO of Ripple, has denied the prevailing reports of the plans to acquire the $USDC stablecoin issuer Circle for $4B-$5B.

What’s more, the California State Assembly has approved a bill to let state agencies accept payments in cryptocurrencies. Furthermore, South Korea has elected Lee Jae-myung, a crypto-proponent president, raising speculations about $KRW stablecoins and crypto ETFs.