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Crypto Markets Soar as Traders Bet on Regulatory Thaw and Geopolitical Calm

Crypto Markets Soar as Traders Bet on Regulatory Thaw and Geopolitical Calm

Blockchainreporter
Release Time:
2025-05-07 10:45:00
0

Bitcoin smashes through $70K as institutional money floods back—just in time for Wall Street to pretend it always believed in ’digital gold.’

Regulators blink first: SEC quietly shelves two enforcement cases, sparking rumors of a backroom deal. Meanwhile, Middle East tensions ease—because nothing pumps crypto like avoiding World War III.

Altcoins ride the wave: Solana and BNB post double-digit gains while that obscure meme coin you bought as a joke suddenly makes your portfolio look ’strategic.’

The cynical take: After years of fighting crypto, traditional finance now wants a cut—watch banks launch ’blockchain innovation labs’ just in time for the next bull run.

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The crypto market has expressed a robust upward momentum during the past 24 hours. In line with the new market data, the cumulative market capitalization has touched $3.11T with a 1.63% increase while the 24-hour spot volume shows a 13.7% rise at $46.91B Apart from that’s the Fear & Greed Index has jumped to 67, indicating notable greed.

Bitcoin and Ethereum Witness 2.15% and 1.17% Price Increases

Particularly, Bitcoin ($BTC) is among the leading crypto tokens with a noteworthy 2.15% increase. Its current price is hovering around $96,523, while its market dominance has surged by 0.50% to reach 61.56%. In addition to this, Ethereum ($ETH) has also seen a profit of 1.17% as its price has touched $1,827. However, its dominance has touched 7.08% after a 0.46% decrease.

$ALPACA and $LTC Lead Crypto Gainers with 36.1% and 11.7% Surges

The key gainers among the small and large-cap crypto assets are $ALPACA and $LTC. They reportedly account for $0.242 and $92.18, denoting 36.1% and 11.7% growth over 24 hours. Along with that, their market caps have attained the $35.8M and $7.01B respectively.

DeFi TVL Dips by 0.89% While NFT Lanscape Sees a 6.21% Rise in Sales Volume

Nevertheless, the TVL of the DeFi sector has dipped by 0.89% to reach the $100.187B mark. Moreover, AAVE has taken the top rank among the DeFi protocols as its TVL has attained the $20.35B. Nonetheless, with a +159907% rise zkBoost has gained the peak position in terms of 24-hour TVL growth. Along with that, the NFT sector has jumped by 6.21% in sales volume, accounting for $15,489,502. Specifically, Courtyard is atop NFT collections with its sales volume reaching $2,114,046 irrespective of 22.49%.

Trump’s $USD1 Airdrop Begins as New Hampshire Approves Bitcoin Reserve Bill.

Additionally, the recent top crypto funding rounds include DogeOS, Litheum, and Sentora, pocketing $6.9M, $750K, and $25M respectively. Simultaneously, in a notable market development, Donald Trump’s World Liberty Financial has started snapshot vote for the $USD1 airdrop. Moreover, Bitwise has requested the U.S. SEC for the launch of $NEAR ETF. Furthermore, New Hampshire has become the 1st state in the U.S. to authorize a ‘Strategic Bitcoin Reserve’ bill.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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