The cryptocurrency market displayed steady performance over the past 24 hours, with total market capitalization rising 1.32% to $2.2 trillion. However, trading volume dropped significantly by 31.67% to $48.99 billion, indicating cautious participation. The Crypto Fear & Greed Index, which had been stuck at extreme fear levels, climbed sharply from 8 to 20 within a week, hinting at a potential easing of panic among investors.
Bitcoin ($BTC) led the recovery, trading at $64,446.35 with a 1.48% gain and a market dominance of 58.7%. Ethereum ($ETH) also edged up 0.91% to $1,679.78, holding 9.2% of the market. Meanwhile, DeFi total value locked rose 1.09% to $72.544 billion, and NFT sales volume surged 12.1%, with CryptoPunks leading the charge.
The sentiment improvement came amid stabilizing major crypto prices and a lack of negative headlines. According to the index’s methodology, which factors in volatility, volume, and social media trends, the jump from 8 to 20—while still deep in fear territory—marks the first notable shift in weeks. Some investors view this as an early signal of renewed confidence.
In parallel developments, Google and IBM expanded their enterprise AI partnership, while India issued over 44,000 tax notices to crypto entities under new Budget 2026 reporting rules. Separately, Tron Inc. increased its $TRX holdings by acquiring another 157,392 tokens, bringing its total to 700.4 million $TRX.
