- Bitcoin and Ethereum rebound sharply as Fear & Greed Index climbs to 71
- Altcoins post double-digit gains as crypto market cap hits $3.50 trillion
- Small-cap tokens surge, with pSTAKE and Collaterize leading explosive rallies
The crypto market staged a strong recovery following Monday’s dip, with Bitcoin and Ethereum leading the charge. According to CryptoRank data, Bitcoin has bounced back above the $105,000 mark, currently trading around $105,570.
Ethereum has followed suit, surging 7.23% over the last 24 hours to hover near $2,543. This resurgence in major cryptocurrencies comes amid rising investor confidence, as indicated by the Fear & Greed Index, which now sits at 71, signaling “Greed.”
Besides this recovery, the total crypto market cap has climbed to $3.50 trillion. Over $216.99 million was liquidated across exchanges in the past 24 hours, highlighting the market’s volatility. Nonetheless, optimism is returning, with several altcoins posting double-digit gains.
Key Developments Driving Sentiment
The bullish momentum is partly supported by ongoing developments. Solana Labs spinout Anza proposed “Alpenglow,” a major overhaul of Solana’s core protocol. Circle is reportedly in acquisition talks with Ripple and Coinbase. Meanwhile, the GENIUS Act, a stablecoin regulation bill, has cleared a major Senate hurdle.
Top Movers: Gainers and Decliners
Among the top performers, Standard Protocol (STND) recorded the biggest spike. Its price jumped 33.48% in the last 24 hours to $0.003047, pushing its market cap to $277,203. Meanwhile, Bluzelle (BLZ) rose by 8.07% to $0.0432, buoyed by strong trading activity. Vapor (VAPOR) saw a modest 1.20% increase, trading at $0.001923.
On the downside, Nyan Heroes (NYAN) continues to struggle. It fell 2.49% in the past 24 hours to $0.004787, with a steep 63.59% drop over the past week. Xterio (XTER) also declined by 1.47% to $0.2511, while NEM (XEM) posted a sharper drop of 7.91%, now priced at $0.01326.
Small Caps Rally With Massive Gains
Several small-cap tokens delivered extraordinary returns. Maxwell the Spinning Cat (CAT) rose 3.60% in the last 24 hours to reach $0.000158, despite a weekly drop. Gooncoin (GOONC) soared by 77.69% in one day, now valued at $0.02956.
pSTAKE Finance (PSTAKE) saw a 50.70% rise to $0.0416, extending its 7-day rally to over 169%. Collaterize (COLLAT) made headlines with a 36.42% daily gain, trading at $0.07075. Its weekly surge now totals a staggering 241.84%, driven by increasing attention from DeFi enthusiasts.
