Crypto Frenzy Ignites! BTC, ETH Lead Broad Market Rally as Crypto Stocks Surge
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A surge in capital inflows has revitalized the crypto market, with Bitcoin (BTC) rising over 3% and Ethereum (ETH) up nearly 8%. The total crypto market capitalization increased from $3.24 trillion to $3.39 trillion, reflecting a net inflow of over $100 billion. Crypto equities also saw significant gains, with Bakkt (BKKT) soaring 32% and Hut 8 Mining (HUT) rising 14%. This rally was triggered by weaker U.S. ADP jobs data and a spike in M2 money supply.
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