Market overview

The crypto market capitalisation rose by 4.53% over the past 24 hours to $2.52 trillion. The rise in cryptocurrencies was driven by an impressive recovery in risk appetite in traditional financial markets, with the Nasdaq 100 up 2.5% from its opening levels. The day’s top performers were Algorand (+9.4%), Ethereum (+7.6%) and Aptos (+6.2%). Underperforming the market were Dash (−6.3%), Zcash (−3%) and Tron (+0.2%).

The Fear and Greed Index surged to 21 (Extreme Fear) from 12 yesterday — the largest single-day jump in recent weeks. The indicator remains in the extreme fear zone, though the trend is clearly improving in line with the market’s rise.

Bitcoin’s price has surpassed $74K, returning to last month’s…