The global cryptocurrency market has surged past the $3 trillion capitalization mark, registering a 2.48% increase. This milestone is accompanied by a significant 56.92% jump in 24-hour trading volume, reaching $75.44 billion. Despite the price gains, market sentiment remains cautious, with the Crypto Fear & Greed Index holding at 30 points, firmly in the "Fear" zone.
Bitcoin (BTC) led the charge, rising 2.81% to trade at approximately $90,060. Its market dominance stands near 59.1%. Ethereum (ETH) followed closely, witnessing a 3.60% surge to a price of $3,038.45, with its market dominance reaching 12.0%.
However, the rally faced immediate resistance. Bitcoin was rejected at the $90,000 level for at least the sixth time since December 16, including a failed attempt to hold above $90,400 earlier today. This rejection drove its price back below $88,000, reducing its market cap to around $1.75 trillion. Ethereum mirrored this pattern, briefly surpassing $3,050 before falling back below $2,960. The total crypto market cap gained and lost approximately $70 billion within hours, stabilizing near $3.06 trillion.
Beyond the major assets, several tokens posted extraordinary gains. Crypto Pump Meme (CPM) skyrocketed by 4442.12%, Black Phoenix (BPX) surged 798.79%, and PENGU AI (PENGU) rose 551.36%.
In related sector news, the total value locked (TVL) in DeFi protocols increased by 1.38% to $119.9 billion, led by Aave. The NFT sector also saw robust activity, with a 64.52% jump in sales volume to $12.43 million. Other notable developments include the People's Bank of China releasing a new action plan for the digital yuan, and Polkadot implementing its long-term economic model with a capped supply of 2.1 billion DOT tokens.
