Bitcoin Market Cap Surges to $1.54 Trillion Amid Positive Cycle Momentum Signal
Bitcoin's market capitalization has surged by over $280 billion in the past 30 days, reaching an impressive $1.54 trillion on September 2, 2026.
This significant increase is accompanied by a positive turn in the Bitcoin Cycle Momentum metric, which measures the difference between CryptoQuant's PnL Index and its 365-day moving average.
Historically, positive values of this metric have signaled an active bull cycle, and with it now returning to positive territory for the first time in eight months, it suggests that Bitcoin bulls have regained control.
Gaah, a verified author at CryptoQuant, notes that for this reversal signal to be confirmed, the indicator needs to reach a level between 20-30 in the coming weeks and continue its upward trend in price recovery.