The cryptocurrency market is experiencing a bullish surge, with Bitcoin (BTC) surging above the crucial $106,000 mark. This positive momentum is driven by renewed investor confidence and optimistic macroeconomic conditions. While there aren’t any major updates driving this rally currently, analysts attribute this rise to increased confidence in the sector. 24-hour trading data shows Bitcoin is up over 0.94%, reaching a daily high of $106,793 before settling at around $104,255 today. Meanwhile, Ethereum (ETH) saw a brief surge to an intraday peak of $2,579 but has since settled to $2,492, marking a 1.52% decline in the past 24 hours. While Ethereum’s performance has been impressive in recent months, it’s worth noting that its recent movements raise questions about continued upward momentum. Other major altcoins like Solana (SOL), XRP, and Cardano (ADA) have witnessed moderate price fluctuations.