Global cryptocurrency market capitalization jumps nearly 7% in a day, extending a weekly rally to 18%.
The global cryptocurrency market capitalization climbed 7% over the past 24 hours to $2.51 trillion, driven by renewed investor appetite. The rally extends a weekly gain to 18%, marking a sharp reversal in sentiment.
Prior to this week, the market had traded sideways for three months, with total capitalization hovering near $2.1 trillion. The latest surge follows a period of consolidation and growing institutional interest in digital assets.
No immediate market reaction data was provided, but the move signals a potential shift in momentum for the sector.