Crypto Market Continues Steady Growth Amid Shifting Regulatory Updates

Crypto market’s latest outlook presents a gradual growth. The latest statistics reveal a 0.95% increase in the total crypto market cap that has reached $3.05T mark. Along with that, the Fear & Greed Index is sitting at 60 points.

Bitcoin Holds Steady with 0.67% Rise While Ethereum Dips by 0.24%

Bitcoin ($BTC) has recorded a 0.67% increase over the recent twenty-four hours to touch the $93,267 mark. On the other hand, its market dominance has plunged by 0.25% to reach 60.69%. Additionally, Ethereum ($ETH) is trading at $1,768 after a 0.24% dip in price, while its market dominance accounts for 7.00% following a 1.09% slump.  However, Solana ($SOL) shows a 2.33% growth with its price reaching $151.82.

$PWEASE and $PENGU Dominate Crypto Gainers with 107% and 29.3% Growth

The key gainers among small and large-cap crypto assets include $PWEASE and $PENGU. They stand at $0.0106 and $0.00833, denoting 107% and 29.3% price increases over twenty-four hours. Apart from that, their market caps have reached $13.3M and $523M respectively.

DeFi TVL Spikes by 1.19% Whereas NFT Sales Volume Sees 25.15% Plunge

Simultaneously, the cumulative DeFi TVL has seen a 1.19% jump to now account for $97.6B. Particularly, AAVE stands atop the DeFi protocols in terms of TVL at $19.522B. Additionally, Tangible has secured the leading position in the case of TVL growth as it has beheld a 30236% upsurge.

On the other hand, the NFT sales volume has severely plunged by 25.15% to claim the $10.207M spot. DMarket maintains its top position among the NFT collections with a $1.261M in sales volume. Moreover, CryptoPunks #7136 dominated the NFT collectibles in terms of sale price, securing $87,841.70.

U.S. Fed Eliminates Crypto Guidance Requirements for Banks

The recent crypto funding rounds include Symbiotic, Theo, and Alpaca in the top positions. They have pocketed $29M, $20M, and $52M respectively. Concurrently, the U.S. Federal Reserve Board has announced the elimination of guidance for banking institutions when dealing with crypto. Furthermore, THORChain is integrating $XRP with its mainnet release scheduled for mid-May 2025.