Crypto recaptures $2 trillion market cap as Bitcoin climbs above $57,000

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The cryptocurrency market has more than doubled in recent months, led by Bitcoin’s surge.

The total crypto market capitalization has reclaimed the $2 trillion level for the first time since April 2022, as positive market sentiment and consistent inflows into spot Bitcoin exchange-traded funds (ETFs) pushed BTC’s price higher.

A rally in Bitcoin’s (BTC) price brought the world’s largest cryptocurrency by market capitalization to a multi-year high of $57,513, while Ether (ETH) enjoyed a 7% pump to rest at $3,270 at the time of writing.

Other top altcoins were also flashing green, with Solana (SOL) gaining 9% over the last 24 hours to hit $110. XRP (XRP), Cardano (ADA) and Avalanche (AVAX) were up 5.3%, 7%, and 6.5%, respectively, over the same period. The tenth-placed Dogecoin (DOGE) enjoyed double-digit gains, climbing 15% to $0.09779.

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