Altcoin Surge Lifts Crypto Market to $2.77 Trillion

The crypto market has seen a significant rebound, with altcoins leading the rally. The global market capitalization climbed to about $2.77 trillion, gaining roughly 2% over 24 hours.

HYPE jumped 12.3%, SOL 10%, ZEC 7.8%, and XRP 7.2%. Ethereum and Bitcoin gained 4.8% and 5.5%, respectively.

The rebound comes after the market absorbed the Fed's first rate hike since 2023 and the SEC unveiled a five-year conditional framework for tokenized U.S. stock trading.