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

By: blockchainreporter|2025/05/09 20:15:04
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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 $102,700 and $ETH Hits $2,216 Amid Growing Market MomentumBitcoin ($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% SurgesThe 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 GainsThe 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 $2.03B Q1 Revenue and Alex Mashinsky Sentenced to 12 YearsOverall, 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.

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