Crypto Market Cap Soars by $130 Billion, Bitcoin Reaches New Record High

The cryptocurrency market experienced a significant surge of $130 billion in just 24 hours, pushing the total market capitalization to an impressive $4.23 trillion. This rise is attributed to strong gains in Bitcoin and other major cryptocurrencies, especially after October delivered ten years of positive returns for the asset, according to data from X. The cryptocurrency’s performance reflects a renewed sense of optimism within the market as investors capitalize on recent trends.