No single event dominated today's session, but the data told a clear story: Bitcoin held above $103,000 for the third consecutive day, while total crypto market capitalization stayed near $3.3 trillion, a level not seen since early 2024's peak run. Trading volumes across major centralized exchanges ticked up roughly 12% compared to yesterday's figures, suggesting renewed short-term appetite rather than passive holding.
On the DeFi side, total value locked across protocols edged back above $110 billion after a brief dip earlier this week. Ethereum gas fees remained low, averaging around 3 gwei through the morning hours, which kept on-chain activity accessible for smaller wallets that typically get squeezed out during high-congestion periods.
Regulatory chatter picked up again in Washington, where committee staffers circulated a revised draft of stablecoin legislation. No vote is scheduled yet, but the document reportedly tightens reserve requirements for issuers holding more than $10 billion in outstanding tokens. That threshold would immediately capture Tether and Circle, the two largest players in the space.
Web3 gaming tokens had a quieter day after a sharp 18% rally on Monday. Most gave back 4 to 6 percent of those gains, which traders read as normal profit-taking rather than a trend reversal. One outlier: a mid-cap gaming token jumped another 9% after its developer announced a mainnet launch date for Q3 2025.
This article is for informational purposes only and does not constitute financial advice. Crypto assets are volatile; always do your own research before making investment decisions.
