Crypto Surge: Bitcoin Near $107K, Ethereum Soars Over 7%

The cryptocurrency market experienced a positive rebound, with Bitcoin approaching $105,570 and Ethereum surging over 7% in the past 24 hours. This rise came as traditional financial markets reacted cautiously to Moody’s downgrade of the U.S. credit rating. Investors continue to seek alternative assets to gold amidst economic uncertainty. Source: Cryptorank. Cryptocurrency’s performance was bolstered by substantial inflows into investment products. The total crypto market capitalization reached $3.50 trillion, driven by strong performances from large-cap stablecoins and a surge in small-cap tokens.