Crypto Market Surges 2.66% to $3.37 Trillion Led by Bitcoin and Ethereum

The cryptocurrency market has recently experienced a significant surge, with the total market capitalization exceeding $3.37 trillion. This growth is primarily driven by the leading cryptocurrencies, Bitcoin ($BTC) and Ethereum ($ETH), which have shown substantial gains. Bitcoin has recorded a considerable increase of 2.66%, reaching a price of $109,175.08, and its market dominance has reached 64.4%. Ethereum, on the other hand, has seen a 5.90% price rise, reaching $2,579.84, with a market dominance of almost 9.2%.

The decentralized finance (DeFi) sector has also seen a surge in activity, with its total value locked (TVL) increasing by 3.54% to $115.081 billion. AAVE, the top DeFi project based on TVL, has seen a 4.92% surge to gain $25.662 billion in TVL. The non-fungible token (NFT) sector has also experienced a boom, with the sales volume increasing by 35.87% to $21,598,148. Guild of Guardians Heroes, the most selling NFT collection, has reached $3,421,616 in sales volume after a 75.05% surge.

Several other notable crypto-related developments have also occurred. A bankruptcy judge has permitted Celsius to go ahead with its claims confronting Tether for allegedly improper liquidation of $BTC collateral. Additionally, BounceBit has announced plans to release tokenized stocks based on securities from the U.S., Japan, and China in the fourth quarter of 2025. Ripple has also submitted a filing under the U.S. Office of the Comptroller of the Currency (OCC) for a national banking license, as crypto entities continue to move towards conventional finance.

The dominance of Bitcoin and Ethereum in the market is evident, as these two cryptocurrencies continue to lead the charge in terms of market capitalization and investor confidence. The DeFi sector, which encompasses financial services built on blockchain technology, has seen a surge in activity, with platforms offering lending, borrowing, and trading services gaining traction. This growth in DeFi has been accompanied by an increase in the total value locked (TVL) in these protocols, indicating a growing trust and investment in decentralized financial systems.

The NFT sector has experienced a boom, with digital art, collectibles, and other unique assets being traded at record prices. The popularity of NFTs has extended beyond the art world, with brands and celebrities entering the space, further fueling its growth. The intersection of blockchain technology and digital ownership has created new opportunities for creators and investors alike, contributing to the overall expansion of the cryptocurrency market.

The surge in the cryptocurrency market cap to over $3.37 trillion reflects a broader trend of increasing adoption and acceptance of digital assets. Institutional investors, corporations, and even governments are exploring the potential of cryptocurrencies, recognizing their role in the future of finance. This growing interest has led to a more mature and diversified market, with a range of cryptocurrencies and blockchain projects catering to different needs and use cases.

The strong performance of Bitcoin and Ethereum, coupled with the growth in DeFi and NFT sectors, underscores the resilience and potential of the cryptocurrency market. As the ecosystem continues to evolve, it is likely that we will see further innovation and expansion, solidifying the position of digital assets in the global financial landscape. The crypto Fear & Greed index now stands at 54 points, indicating a neutral position, which suggests that the market is neither overly optimistic nor pessimistic, but rather in a state of balanced sentiment.