Crypto Landscape Sees Wide-Scale Upsurge as Bitcoin Surpasses $93K

A broad spike in the crypto market has witnessed a massive increase in the prices of the key cryptocurrencies. The cumulative crypto market cap has reached $3.06T after a 6.44% while Fear & Greed Index has jumped straight to the72 mark, showing significant “greed.” A prominent factor behind this is enormous surge is the U.S. President Donald Trump’s hint toward a likely ease in the trade tensions dealing with China.

Bitcoin Surges to $93K While Ethereum Surpasses $1,800 mark

The top crypto asset, Bitcoin ($BTC) has been consistently climbing even after surpassing the $90K mark. At present, its price is nearly $93,471, indicating a 5.99% increase over 24 hours while its total market dominance has reached 60.69% after a 0.15% dip. Additionally, Ethereum ($ETH) is trading at $1,800 following a 13.73%, with its dominance jumping by 7.76% to reach 7.14%. Simultaneously, Solana ($SOL) accounts for an 8.82% rise at $151.21.

$TROLL and $DEEP Dominate Small and Large-Cap Crypto Gainers

Apart from that, the top gainers among the small and large-cap crypto assets are $TROLL and $DEEP. $TROLL has hit the $0.018 after a 249% increase while $DEEP has seen a 67.7% jump to touch the $0.206. In addition to this, their market caps stand at $17.8M and $515M respectively.

DeFi Sector’s TVL Records 24% Growth Whereas NFT Landscape Accounts for 73% Rise

Concurrently, with a 5.3% increase, DeFi market has reached $196B in TVL while Injective serves as the top chain with a 24% growth. Moreover, the NFT market has gone through an enormous spike of nearly 73% in its volume which has reached $6.7M. Particularly, CryptoPunks stays atop among NFT collections with a $1.15M in its volume. Additionally, Gods Unchained has recorded the staggering rise of 728%.

Amid Easing U.S.-China Trade Tensions, Trump Media Collaborates with Crypto.com for New ETFs

The exclusive funding rounds include Inflow, Arch Network, and Analog, collecting $1.1M, $13M, and $15M, respectively. Along with that, the U.S. President’s hint toward decreasing trade tensions has notably increased the investor sentiment. Furthermore, Trump Media has collaborated with Crypto.com to offer ‘Made in America’ ETFs. Parallel to this, Ripple is releasing its stablecoin $RLUSD on Aave to broaden DeFi presence.