Crypto Sector Experiences Bullish Momentum

The crypto sector has been witnessing a growing bullish sentiment this weekend, achieving new milestones in market valuation. According to exclusive market insights, the cumulative crypto market capitalization has reached the $3.87T mark following a 2.18% increase on Saturday.

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

Bitcoin and Ethereum Gain Value

Bitcoin ($BTC) has surged by 0.62%, now trading at $118,252.81, with a market dominance of 60.4%. Meanwhile, Ethereum ($ETH) shows a 1.16% increase, priced at $3,788.80 with a market dominance of 11.7%.

Top Crypto Gainers of the Day

Notable crypto gainers include Snowy Owl ($SWOL), Auto ($AUTO), and Squid Game ($SQUID). $SWOL leads with a dramatic 1698.40% rise to $0.0001222, signaling a major buy opportunity. $AUTO has reached $18.86 with an 876.31% increase, while $SQUID has gained 414.80%, reaching $0.001020.

DeFi TVL and NFT Sales Trends

The DeFi TVL has experienced a 1.25% climb, reaching $140.51B. Lido is the leading platform in this regard, with an increase to $34.01B. Meanwhile, Brise Swap recorded a staggering TVL spike of 16058907015862108160%.

Conversely, NFT sales volume has declined by 22.16%, totaling $20,456,874. Despite this, f(x) wstETH has become the top-selling NFT collection, achieving $1,903,999 in sales, indicative of a 1588.78% surge.

Recent Developments in the Crypto Industry

The crypto industry has also seen significant developments recently. The U.S. Senate has unveiled the draft for the CLARITY Act, addressing oversight regulations for digital assets. Additionally, Blockstream acquired Elysium Labs to expand its operations in Europe. Furthermore, OKX has introduced new $USDT-margined perpetual contracts for $NEWUSDT and $USELESSUSDT.