The cryptocurrency market has experienced a modest rebound over the past 24 hours, with total market capitalization rising 1.18% to $2.33 trillion, even as the Crypto Fear & Greed Index remains entrenched in the "Extreme Fear" zone at 12 points. This uptick coincides with a reported return of institutional inflows, though overall trading volume declined 3.28% to $79.46 billion.
Bitcoin (BTC) led the rebound, gaining 1.48% to trade around $67,820.60 and maintaining a dominant 58.4% market share. In contrast, Ethereum (ETH) saw a slight decline of 0.70%, trading at $1,956.01 with a 10.2% market dominance.
Defying the broader fearful sentiment, the BNB Chain ecosystem demonstrated notable resilience, adding approximately $5.3 billion in market capitalization over the week to reach $151.88 billion, a 3.17% increase. This growth occurred despite a significant 19.39% drop in its weekly trading volume to $10.82 billion, suggesting selective capital accumulation within the ecosystem rather than broad speculative inflows.
Several tokens within the BNB Chain ecosystem posted astronomical weekly gains, highlighting extreme volatility in smaller-cap assets. GameStop Coin (GME) surged 67,586.76%, TRUMP AI (TRUMP) rose 8,008.89%, and NOT (CAT) jumped 13,814.53%. Other top daily gainers across the market included PEPE (TRUMP), which skyrocketed 1,281.22%, Elevate (ELEVATE) up 1,002.65%, and Mubarak (MUBARAK) rising 628.74%.
Ecosystem developments contributed to BNB Chain's activity, including a $160,000 hackathon announced with YZi Labs, an $88,000 Lunar New Year campaign, and the expansion of Web3 loan functionality in Binance Wallet via the Venus Protocol.
In other sector news, the total value locked (TVL) in DeFi increased slightly by 0.07% to $94.906 billion, while NFT sales volume plunged 52.07% to just over $8.1 million. Furthermore, South Korean exchanges Upbit and Bithumb announced plans to list Aztech (AZTECH) for trading, and deBridge introduced a Model Context Protocol (MCP) server to facilitate AI-led on-chain transactions across Solana and EVM chains.
