Crypto Market Roundup: Bitcoin Surges Past $123K, DeFi Gains Momentum

The global cryptocurrency market cap rose by 3% in the last 24 hours, reaching $4.26 trillion, driven by a positive sentiment towards decentralized finance (DeFi) and institutional investments. The digital asset Bitcoin led the charge, surpassing the $123,000 mark. Experts point to expanding DeFi applications and increased investment interest as key factors behind this surge. 24-hour trading volume for Bitcoin hit $66.26 billion, highlighting its dominant position at 57.7% market share. Ethereum also saw a notable increase in value, currently holding around 13.4%. Other cryptocurrencies like Polkadot and XRP Ledger experienced notable sector gains.