Crypto Market Sees Massive Surge As Bitcoin Pumps Above $100K

By: bitcoin ethereum news|2025/05/09 23:15:03
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The worldwide crypto market has gone through a large-scale upward trajectory. Hence, the total crypto market cap has surged to $3.37T after a notable 5.54% increase over the past twenty-four hours. Additionally, the 24-hour crypto volume shows a 56.68% rise at $160.53B while the Fear & Greed Index indicates noteworthy “greed” at 73. $BTC Rises to 2,700 and $ETH Hits ,216 Amid Growing Market Momentum Bitcoin ($BTC) is now changing hands at $102,700, accounting for a massive 3.81% price increase over 24 hours. In addition to this, Bitcoin’s market dominance has reached 61.75%. Concurrently, Ethereum ($ETH) is trading at $2,216, highlighting a considerable 16.97% price spike. Moreover, the top altcoin accounts for 10.7% in the case of market dominance. $MOODENG and $VIRTUAL Dominate Daily Gainers with 103% and 37.4% Surges The daily small and large-cap crypto gainers include $MOODENG and $VIRTUAL. Particularly, $MOODENG has recorded a 103% increase to reach $0.102. Additionally, $VIRTUAL has seen a 37.4% profit while its present price is $2.07. Along with that, the market caps of both the gainers stand at $101M and $1.35B respectively. DeFi TVL Witnesses a 9.87% Increase as NFT Sales Volume Surpasses 49.33% in Gains The DeFi sector also shows a quite optimistic outlook with a 9.87% increase in its TVL, which has touched $109.428B. Dominating the DeFi protocols, AAVE enjoys a 11.10% upsurge after which its TVL has reached $22.259B. Nonetheless, the remarkable 725956% increase over 24 hours has placed Yala at the top in terms of daily TVL growth. Simultaneously, the NFT landscape’s sales volume has reached $20,810,948, presenting a 49.33% increase. The top NFT collection is Courtyard, with its sales attaining the $2,351,458 mark despite a 7.52% dip. Coinbase Gains .03B Q1 Revenue and Alex Mashinsky Sentenced to 12 Years Overall, the crypto landscape is making waves in the financial sphere while Bitcoin is readying for new ATHs after surpassing $100K. Additionally, the U.S. President Donald Trump has hinted toward a “major trade deal” as a part of the wider plan to de-escalate the economic turmoil resulting from huge tariffs on imports coming from China. Moreover, Coinbase has reported a notable revenue of $2.03B for the Q1 2025. Furthermore, Celsius Network’s founder Alex Mashinsky has been sentenced to a 12-year imprisonment based on crypto fraud. Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology. Source: https://blockchainreporter.net/crypto-market-sees-massive-surge-as-bitcoin-pumps-above-100k/

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