Bitcoin resurgence spurs 3.8% rise in global crypto market cap
Bitcoin has sparked a market -wide recovery campaign, leading to a 3.8% surge in the global crypto market cap and a spike in trade volume amid increased buying power. Remarkably, Bitcoin (BTC) recently came back against the bears to recover the losses of the last few days, resulting in a shift in market trends. The global crypto market cap is now back above the $1.4 trillion mark, up 4.44% over the past 24 hours to $1.43 trillion. Crypto market cap | Source: CoinMarketCap In addition, the market is witnessing a resurgence of traders, with global trade volume recently spiking 5.97% to $70.22 billion. BTC has surged 4.06%, while Ethereum (ETH) is up 2.61% within the last 24 hours. This pattern suggests increasing buying pressure. You might also like: Lookonchain reports whales are dominating the Ethereum market with big sales Santiment confirmed this trend in a recent disclosure, calling attention to a spike in activity for Tether (USDT), the dominant stablecoin in ...