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Crypto Market Turns Green as Bitcoin Surpasses $99K
By: blockchainreporter|2025/05/08 22:15:02
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As Bitcoin’s ($BTC) price has surpassed the $99K mark, the entire crypto market has shown a notable shift. In this respect, the cumulative crypto market cap has witnessed a considerable 2.66% rise to reach $3.19T over the past 24 hours. Complementing this, the 24-hour spot volume has also touched the $90.38B spot after a 13.7% increase over the same time, while Fear & Greed Index denotes “greed” at 65.Bitcoin Reclaims $99K with 2.52% Increase While Ethereum Records 3.85% SurgeBitcoin ($BTC) has experienced a substantial 2.52% spike, raising its price to $98,808. Nonetheless, the market dominance of the flagship crypto asset has slightly dipped by 0.08% to reach 61.51%. in addition to this, Ethereum ($ETH) is changing hands at $1,898, displaying a notable 3.85% increase. Simultaneously, its market dominance has seen a 1.40% rise, touching 7.20%.$ALPACA and $EOS Lead Crypto Gainers with 78.3% and 21.2% RiseThe daily crypto gainers take into account $ALPACA and $EOS. Among small-cap crypto tokens, $ALPACA is the dominant player with a 78.3% rise. Additionally, $EOS is atop large-cap crypto gainers with a 21.2% growth. Apart from that, the market caps of both the top gainers stand at $71.6M and $2.27B respectively.DeFi Sees 2.14% TVL Increase, Whereas Total NFT Sales Volume Declines by 7.21%In the DeFi landscape, the cumulative TVL has surged by 2.14%, elevating its value to $102.507B. AAVE maintains its top place among the DeFi protocols with its TVL touching $20.035B. However, BlueMove is the top DeFi protocol in the case of 1-day TVL spike, accounting for a 164760% increase.On the other hand, the NFT sector has recorded a 7.21% decline to reach $14,628.809 in the total sales volume. Nonetheless, Courtyard, the top NFT collection in terms of sales volume, has surged by 15%. Hence, its current sales volume stands at $2,519,640.Ethereum Activates Highly Awaited ‘Pectra’ UpgradeThe top crypto funding rounds include DogeOS, CodeAnt AI, and Alt DRX, collecting $6.9M, $2.0M, and $2.7M in total. Moreover, along with the massive price surge of Bitcoin to $99K, the crypto market is witnessing several noteworthy developments. Ethereum has officially activated its highly-awaited ‘Pectra’ upgrade. Furthermore, Robinhood has announced the plan to unveil a blockchain forum to allow U.S. securities trading in Europe.
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