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The cryptocurrency market is witnessing a strong resurgence, boasting a 6.76% increase in the past 24 hours and a total market capitalization reaching 2.95 trillion USD.

Among the top gainers are DeepBook Protocol (DEEP) with a 75.20% rise, Immutable (IMX) at 41.34%, Sui (SUI) increasing by 26.59%, Bonk (BONK) up 22.38%, and Ethena (ENA) surging 17.09%.

The optimistic sentiment is fueled by Paul Atkins’ recent appointment as SEC Chair, sparking hopes for clearer crypto regulations and enhancing market confidence.

Solana’s price surpassed 150 USD, bolstered by a DeFi TVL of 7.84 billion USD, a significant recovery indicating strengthened user trust.

Sui’s price surged to nearly 3.00 USD as its TVL increased over 20% to 1.52 billion USD within 24 hours, showcasing rising investor engagement in the ecosystem.

The derivatives market for both SOL and SUI revealed increased trader confidence, with significant open interest increases, signaling a shift towards a more risk-on sentiment.

Bitcoin is up over the week, recently nearing 92,000 USD, marking its highest price since early March. This surge continues to reflect optimism in the cryptocurrency market.

Dogecoin shows a nearly 9% increase to 0.172 USD, while Ethereum rebounds at 1,703 USD, despite a 47% drop compared to last year. Solana gains approximately 6%, reaching around 145 USD, indicating strong recovery trends.

Bitcoin has reached over 85,000 USD, driven by institutional demand and discussions of a Bitcoin Reserve Bill in Texas. This comes amidst a backdrop of increasing market capitalization for cryptocurrencies.

The retreat of confidence in the US Dollar has led to significant price gains for altcoins like Sui and Stacks. The US Dollar Index has fallen to a three-year low due to concerns regarding the Federal Reserve’s independence.