As the week gains momentum, so does the excitement in the world of cryptocurrencies. Today, we're thrilled to bring you a curated selection of the latest news, trends, and insights shaping the digital asset landscape.

Join us as we delve into market movements, expert analysis, and uncover valuable opportunities for investors and enthusiasts alike. Let's navigate Tuesday's crypto landscape together and stay ahead of the curve! 💡💰

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $2.65T, a 0.24% increase over the last day.

The total crypto market volume over the last 24 hours is $115.53B, which makes a 17.14% increase. The total volume in DeFi is currently $11.89B, 10.29% of the total crypto market 24-hour volume. The volume of all stable coins is now $101.33B, which is 87.71% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.15%, an increase of 0.15% over the day.

Bitcoin Price Surges Past $71,000: 4 Key Reasons Behind The Rally

The Bitcoin price has soared past the $71,000 mark. In the past 24 hours alone, the price of Bitcoin surged by 6.5%, climbing from just below $65,500 to reach $71,491. This remarkable rally can be attributed to a combination of factors that have collectively contributed to the upward trajectory of the world’s leading cryptocurrency. Here’s a closer look at the four key reasons behind Bitcoin’s latest price surge.

NFT Sales on Rise with Bitcoin Dominating This Space

Out of all NFT hosting platforms, Bitcoin stands out with an impressive 44% increase in its daily NFT trading volume, surging to $16 million.

After going through a rough patch in recent weeks, non-fungible tokens (NFTs) are once again gaining momentum amid increased demand. As per the latest data from CryptoSlam, the global NFT sales volume has shot up by 28.1% in the last 24 hours while reaching over $38.2 million. As a result of this, the total number of NFT transactions have surged by 26.2%, totaling 249,125. However, despite these encouraging trends, the NFT wash volume tanked by 15.2% and is currently placed at $10.6 million, as per the CryptoSlam data. Amid all NFT hosting platforms, Bitcoin is leading with a staggering 44% surge in daily NFT trading volume.

Currently, the daily NFT trading volume on Bitcoin has reached close to $16 million. On the other hand, the Bitcoin blockchain also recorded $77,955 in wash trades during the same period. Additionally, Ordinals sales have contributed significantly nearly doubling within the past 24 hours, reaching $4.47 million across 2,157 transactions.

Ethereum follows suit with a daily NFT sales volume of $10.9 million, marking a 32% increase from previous levels. The broader digital collectibles market is experiencing a surge in sales despite the prominent NFT platform, Blur, seeing an 11% decline in its trading volume. As per the data from DappRadar,  Blur’s total NFT sales volume currently stands at $14.14 million, with an average price of approximately $2,930.

DappRadar highlights significant increases in global NFT sales, primarily driven by Magic Eden, OKX NFT Marketplace, and OpenSea. These platforms have seen surges of 48.45%, 63.15%, and 18.66%, respectively, over the past 24 hours.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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