The global cryptocurrency market continued its upward trajectory over the past 24 hours, reaching a total market capitalization of $3.96 trillion following a 1.43% increase. According to the latest data, trading activity has also intensified, with total 24-hour volume climbing 25.55% to $150.71 billion. Moreover, the Crypto Fear & Greed Index at press time stands at 67, maintaining a position in the “Greed” zone.
Furthermore, Bitcoin experienced a marginal increase of 1.02%, raising its price to $119,507. This growth has enabled Bitcoin to maintain a dominant 60% share of the total market cap. Meanwhile, Ethereum had a notable performance, increasing by 3.84% to reach $3,934.32. Ethereum's market dominance currently stands at 11.9%.
The smaller altcoins also recorded outsized gains. Black Phoenix ($BPX) jumped 1453.16% to $0.7757. Snow Leopard ($SNL) rose 643.27%, and Neiro Pump ($NEIRO) increased by 632.76%, further highlighting increased speculative activity in the micro-cap segment.
Last week marked the 15th consecutive week of net inflows into cryptocurrency exchange-traded products (ETPs), totaling $1.9 billion. According to a Monday report by CoinShares, this occurred despite a drop in Bitcoin prices to as low as $115,000 and volatility across the market. Year-to-date inflows reached $29.5 billion, while total assets under management rose to $221.4 billion.
Ether investment products recorded the most inflows this week, with a total value of $1.59 billion, the second-largest weekly flow on record of Ethereum ETPs. The inflows to Solana and XRP followed, at $311.5 million and $189.6 million, respectively. Bitcoin ETPs, in contrast, experienced minor outflows of $175 million, marking the end of a 12-day inflow streak.
CoinShares’ head of research, James Butterfill, attributed this divergence to crypto market participants positioning for potential US altcoin ETF approvals, rather than a widespread altcoin rally. Notably, BlackRock’s iShares ETFs dominated last week’s issuer-based inflows, adding $1.56 billion despite a 64% decline from the prior week. European issuer 21Shares and Grayscale recorded $80 million and $78 million in inflows, respectively.
Also Read: Companies are Holding Ethereum, Not Just Bitcoin: Here’s Why
The total value locked (TVL) in decentralized finance (DeFi) increased 2.79% to $143.476 billion. AAVE remains the lead among DeFi protocols, with its TVL increasing to $35.07 billion. The highest single-day growth in TVL was in Tangible, gaining 65,674%. This was an indicator of renewed interest in niche protocols.
In parallel, NFT trading volume surged 37.14% over the past day, reaching $27.47 million. CryptoPunks led the NFT segment with $1.59 million in daily sales, reflecting a 24.05% rise.
In other developments, SharpLink Gaming invested over $295 million in Ethereum, boosting its total investments to more than 438,000 ETH. Metaplanet also increased its Bitcoin treasury by buying $92.5 million, increasing its BTC holdings to $2 billion.