24 Hour Crypto Update: Momofun Soars 124.6%, Bitcoin Climbs 1.8%
24 Hour Crypto Update: Fear & Greed Index Rises, Market Turns Greedy
The market capitalization of the global cryptocurrency has reached $3.79 trillion, representing a 1.8% increase over the last 24 hours. The average daily volume is $88.3 billion, indicating that investors are once again active and interested in the digital asset industry.
Major Crypto Events
Source: Forex Factory
24 Hours Crypto Market Update
Bitcoin is leading with 60.1%, and Ethereum has 11.2%. This underlines the fact that Bitcoin remains the leader despite the fact that Ethereum is the second-largest blockchain platform in terms of market capitalization.
Stablecoin market cap stands at $275 billion with a modest 0.3% change in the last 24 hours. Total volume is $68 billion, showing stability.
DeFi market cap rose to $139 billion, marking a 4.6% daily surge. It now contributes 3.7% to the overall crypto market, with a trading volume of $5.36 billion. DeFi continues to grow steadily.
Ethereum has a market cap of $202.7 billion and makes up 3.8% of the total. DeFi Total Value Locked (TVL) stands at 32.7%, and the DeFi-to-ETH ratio is 22.5. Lido remains the dominant staking protocol in DeFi.
The most trending cryptocurrencies in the last 24 hours are Toncoin, Bitcoin, and SMARDEX. Toncoin appreciated by 3.2% to $3.6, Bitcoin increased by 1.8% to $114695, and SMARDEX advanced by 0.3% ($0.004469), which means that both large-cap and emerging altcoins are moving stably.
Top Gainers in 24 Hours: Momofun rose 124.6% to 0.0038, Ani Grok Companion gained 51.9% to 0.0439, and MESSIER was up 49.4% to 0.000065. Their fast growth was due to low caps and increasing volume, and the support of the community on smaller crypto exchanges.
Top Losers in 24 Hours: League of Kingdoms decreased by 19.4% to $0.2334, Pundi AI went down by 16.9% to $4.58, and Uranus declined by 13.6% $0.4755. These losses could have been caused by low volumes or weak momentum indicators following short-term rallies.
Woffle (WOF) was launched recently and rose by 57.6% with a trading price of 0.001247. It is supported by the Solana ecosystem and had an early volume of 803K and a market cap of 1.24M, which indicates possible traction at an early stage.
Fear and Greed Index
Source: Alternative.me
The Crypto Fear & Greed Index is 64, which is characterized as Greed. It is a definite sentiment gain over yesterday, Neutral (53). It is not as high as last week (75). This is close to the previous month (67), indicating a continuous positive trend.
Latest Market News
In Switzerland, a Satoshi Nakamoto statue stolen from Lugano's Parco Ciani, and Satoshigallery offered a 0.1 BTC reward for its recovery. The statue was a representation of the anonymous creator of Bitcoin and was part of a worldwide crypto art project.
SharpLink has invested an additional $100 million to acquire Ethereum, which is a very positive signal of long-term confidence in the asset. With more than 470,000 ETH, the wallet sent $108.6 million USDC to the OTC desk of Galaxy Digital. This aggressive action is in line with the institutional accumulation patterns, which further strengthens the role of SharpLink.
Robert Kiyosaki has made a new warning concerning the demise of the Federal Reserve, and it is in line with increasing crypto adoption. He attacked Fed Chair Jerome Powell and encouraged investors to abandon fiat and move to Bitcoin, gold, and silver. Kiyosaki believes that Trump being pro-crypto is an important step towards the decentralization of finance.
The LuBian Attack confirmed by Arkham is a mega-heist of 2020, 127426 BTC(valued at the time at 3.5B, currently 14.5B) stolen by hackers in a Chinese mining pool because of the lax security of their private keys, uncovered by Arkham Intelligence. The theft was not reported until years later, and it became the biggest BTC theft ever.
Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralized assets. This is not financial advice. Users should do their research, understand the risks, and consult financial professionals before investing. Coingabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.
