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Home » Crypto Sector Gains Momentum Despite Fearful Sentiment
Crypto Sector Gains Momentum Despite Fearful Sentiment

Crypto Sector Gains Momentum Despite Fearful Sentiment

June 17, 20263 Mins ReadNo Comments Altcoins
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The crypto market is witnessing renewed optimism, as the latest 24-hour data points out. Hence, the total crypto market capitalization has surged by 1.75%, reaching $2.24T. In addition to this, the 24-hour crypto volume shows a 31.09%, accounting for $63.82B. At the same time, the Crypto Fear & Greed Index stands at 23 points, indicating “Fear” among the market participants.

Bitcoin ($BTC) Drops by 0.04%, While Ethereum ($ETH) Sees 1.62% Rise

Bitcoin ($BTC), the leading cryptocurrency, is currently changing hands at $65,838.45. This price level highlights a modest 0.04% decrease while Bitcoin’s ($BTC) market dominance sits at 58.8%. However, the flagship altcoin, ETH/USDT, is now trading at $1,793.10, presenting a 1.62% rise. In the meantime, the market dominance of Ethereum ($ETH) is 9.3%.

$BPX, $RDNT, and $AZZ Lead Crypto Gainers of Day

The list of today’s key crypto gainers includes Black Phoenix ($BPX), Radiant Capital ($RDNT), and Arena-Z ($AZZ). Particularly, $BPX has surged by a staggering $1900.34%, hitting the $0.09142 mark. Following that, a 417.69% jump has placed $RDNT’s price at $0.001757. Subsequently, $AZZ is hovering around $0.00008048 after a 219.58% increase.

DeFi TVL Jumps by 0.80%, and NFT Sales Volume Records 38.0% Spike

Today, DeFi TVL has witnessed a 0.80% growth, attaining the $74.623B spot. Additionally, the top DeFi project in terms of TVL, Lido, has hit $16.14B, displaying a 1.20% increase. Nonetheless, when it comes to 1-day TVL change, XY Finance has become the top DeFi player, claiming a stunning 843% surge over the past twenty-four hours.

Similarly, the 24-hour NFT sales volume has jumped by 38.0%, reaching $2,062,096. In the same vein, the top-selling NFT collection, Bored Ape Yacht Club, has climbed by 227.7%, touching $406,304.

GameStop Investor Challenges CEO Pay Vote, US Blocks Chinese AI Firms

Moving on, the crypto landscape has also experienced many other crucial developments across the globe over the past 24 hours. In this respect, a GameStop ($GME) investor has filed a lawsuit to block a vote concerning the $35B pay package of the CEO, Ryan Cohen, until the shareholders get adequate disclosures.

What’s more, New York Magazine has disclosed the claim of a fellow inmate who says SBF is planning his exclusive coin after completing his imprisonment period. Furthermore, the US authorities are reportedly holding off on the inclusion of Chinese AI venture DeepSeek and over 100 other entities flagged as posing risks to national security.

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

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