The global crypto market has climbed to a fresh milestone, with total market capitalisation surpassing $3.87 trillion, marking a 2.52% rise in the last 24 hours. This surge is largely fuelled by strong momentum in altcoins, even as overall trading volume has dropped 12.99% to $194.52 billion.
Investor sentiment remains positive, with the Crypto Fear & Greed Index staying firmly in the “Greed” zone at 64 points, indicating continued market confidence despite a cooling in volume.
Bitcoin and Ethereum Continue Uptrend
Leading cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) also recorded gains. Bitcoin rose 1.55%, reaching $117,513.64, maintaining a solid 60.5% market dominance. Ethereum performed even better with a 2.77% jump, now trading at $3,740.01, and its dominance has increased to 11.7%.
This growth in the two major cryptos helped set the tone for broader altcoin momentum, with many high-profile tokens like Dogecoin (DOGE), Solana (SOL), and Sui (SUI) contributing to the market’s overall upswing.
CATX, COIN, and TRUMP Make Waves
Among the top-performing tokens of the day are $CATX, $COIN, and $TRUMP, each posting triple-digit percentage increases and capturing investor attention:
CATX soared by an astonishing 2,359.85%, reaching $0.000006346, making it the biggest gainer of the day.
Wrapped COINBASE ($COIN) followed with a 665.35% increase, now priced at $0.008513.
Trumpwifhat ($TRUMP) recorded a 528.79% rise, trading at $0.01297.
These speculative plays reflect the growing appetite for microcap tokens amid bullish market conditions, as investors seek high-risk, high-reward opportunities.
DeFi and NFTs Rebound with Positive Momentum
The DeFi (Decentralised Finance) sector is also seeing renewed growth. Total Value Locked (TVL) rose 1.65% in the last 24 hours to $139.072 billion. Lido, the leading platform by TVL, increased by 2.57%, reaching $33.785 billion.
In a standout move, Pit Finance recorded a staggering 1,154,305% spike in 1-day TVL growth, indicating sudden liquidity inflow or possibly reflecting new farming incentives or token launches.
Meanwhile, NFTs have also gained ground, with daily sales volume increasing 2.22% to $26.7 million. CryptoPunks led the NFT market, generating $7.96 million in sales after a 177.4% jump, once again proving the enduring appeal of legacy collections.
Institutional Moves and DeFi Expansion
Several major developments are also shaping the crypto landscape:
UK-based platform Smarter Web Company announced plans to expand its Bitcoin holdings to 1,825 BTC, equivalent to approximately $215 million, signalling growing institutional interest in long-term Bitcoin exposure.
In a major liquidity event, Galaxy Digital successfully completed a $9 billion BTC sale, one of the largest in recent memory, adding weight to the narrative of institutional crypto involvement.
Meanwhile, Binance has rolled out a web beta version for Solana and BSC trading, aimed at supporting decentralised finance (DeFi) growth across multiple chains. This step enhances accessibility and could attract more users to Web3 ecosystems.
Bullish Sentiment Holds Despite Mixed Signals
Although the dip in trading volume may suggest short-term caution, the broader sentiment remains bullish. With altcoins surging, DeFi activity rebounding, and NFTs regaining momentum, the market appears to be entering a fresh growth phase.
Institutional moves, combined with increasing retail appetite and infrastructure upgrades, signal strong foundations for the next leg up. However, volatility is likely to persist, especially as traders rotate between large-cap tokens and emerging microcaps.
As the total market cap nears the $4 trillion milestone, crypto investors will be watching closely for continued strength in Bitcoin and Ethereum, while also exploring opportunities in the rapidly expanding altcoin and DeFi spaces.
