Bullish Trend Dominates the Crypto Market: Bitcoin Exceeds $65,000, DeFi Sector Takes Center Stage! Here Are the Details

The cryptocurrency market started the week with a strong rally. According to data shared by the market analysis platform SoSoValue, most crypto asset sectors gained value in the last 24 hours, with the most notable performance coming from decentralized finance (DeFi) projects.

According to the data, the DeFi sector has risen by 3.34% in the last 24 hours, becoming one of the strongest segments of the market. Among the projects in the sector, LAB gained 17.39%, while Genius rose by 8.29% and Hyperliquid by 4.86%.

Bitcoin, the leading cryptocurrency that determines the overall market outlook, also followed a positive trend. Rising 1.53% in the last 24 hours, Bitcoin climbed back above the $65,000 level, signaling strengthening investor confidence. Ethereum, the second-largest cryptocurrency by market capitalization, gained 1.95%, managing to surpass the $1,700 threshold.

Other sectors also showed an upward trend. The DePIN category increased by 2.64%, while Grass rose by 13.43%. The AI sector, which includes AI-focused projects, gained 2%, while Worldcoin performed at a level of 8.91%.

Tier 1 projects saw a 1.95% increase, with Zcash leading the way with a 10.65% rise. In the PayFi sector, Dash increased by 5.89%, while Stacks gained 4.56% in the Tier 2 segment. In the CeFi category, Cronos rose by 3.66%.

While the overall rise in the meme coin sector remained limited, Banana For Scale stood out with a remarkable 35.77% increase. In contrast, the NFT sector, which had experienced strong growth recently, saw the weakest performance of the day, falling by 15.58%. Within the sector, Audiera declined by 26.56%.

Analysts note that Bitcoin’s return above the $65,000 level has increased risk appetite across the market, highlighting a strengthening investor interest, particularly in DeFi and AI-themed projects. However, experts emphasize that high volatility persists in the crypto markets and caution is advised regarding short-term price movements.

*This is not investment advice.

Continue Reading: Bullish Trend Dominates the Crypto Market: Bitcoin Exceeds $65,000, DeFi Sector Takes Center Stage! Here Are the Details