Crypto Market Gains as Bitcoin and Ethereum Lead Rally

2025-12-31 18:32

The cryptocurrency market experienced renewed optimism as its total market capitalization increased by 1.29% to reach $2.99 trillion. Leading the charge, Bitcoin and Ethereum saw gains of 1.41% and 1.16%, respectively. Notable altcoins also recorded significant price movements, with Crypto Pump Meme ($CPM) surging 944.90%, Black Phoenix ($BPX) climbing 936.30%, and IRISnet ($IRIS) rising 738.43%. Despite the positive market sentiment, the total value locked in DeFi protocols decreased by 0.54% to $116.9 billion. Meanwhile, NFT sales experienced a substantial boost, increasing by 180.26% to $30.3 million. In other developments, Uganda's Bobi Wine endorsed BitChat, and Pi Network suspended payments following a 4.4 million Pi coin scam.

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