Crypto Market Surges $130B as Institutional Demand Ignites Rally
Digital assets roared back with a $130 billion single-day gain, propelled by institutional inflows and Bitcoin's dominance. The total market cap hit $3.24 trillion as capital flooded into major cryptocurrencies.
Bitcoin led the charge, trading between $91,821-$95,804 before settling at $95,055. Its $1.9 trillion market cap accounted for the lion's share of gains. U.S. bitcoin ETFs recorded $753.7 million in net inflows—the highest in 90 days—as investors shifted from risk-off positions.
Ethereum held firm at $3,327 while altcoins like XRP, BNB, and solana posted notable gains. MicroStrategy cemented its position as the largest corporate BTC holder with a $1.25 billion purchase of 13,627 coins.