The Crypto Market Has Witnessed a Rebound Following the Recent Sheer Downturn

The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts

The crypto market displayed a sign of recovery from the recent steep downturn. According to the exclusive market data, the total crypto market capitalization reached $2.71T with a 0.2% increase over the recent 24 hours. Apart from that, the Fear & Greed Index has also risen to "43," displaying a relatively neutral position.

Bitcoin Surges by 2.6% While Ethereum Records a 0.2% Rise

Bitcoin (BTC), the top crypto asset, is now being traded at $82.9K. This price level highlights a considerable 2.6% increase over the past twenty-four hours. Along with that, the top altcoin Ethereum (ETH) has also recorded a 0.2% price surge to reach the $1.55K mark.

Epic Chain, Babylon, and RedStone Lead Crypto Gainers

Simultaneously, the top crypto gainers include Epic Chain, Babylon, and RedStone. Specifically, Epic Chain (EPIC) has secured the 1st position among the projects trending on CoinGecko. Additionally, Babylon (BABY) has seen more than 63% surge, securing the top place among the gainers on Binance. In the case of CryptoRank, RedStone (RED) is the top project. On the other hand, Beta Finance (BETA) is the top loser project on Binance with a 26% decrease in its value.

DeFi Realm Witnesses 1.8% Surge

The DeFi market is also showing a noteworthy development as its cumulative TVL has reached $121B. This amount reportedly shows a 1.8% increase over the twenty-four hours. The key projects in the DeFi sector are Soneium and Sonex. The former is atop the DeFi blockchains with a 35% TVL growth. Along with that, Sonex has seen 53% TV

News data source: kdj.com

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