Bitcoin Surges Above $80K as Crypto Market Cap Hits $2.75 Trillion
The cryptocurrency market has seen significant gains over the past day, with the total crypto market cap rising by 4.49% to $2.75 trillion.
This surge is largely attributed to Bitcoin's price increase of 5%, pushing it above the $80K mark.
According to recent data, $159 million has flowed into spot Bitcoin ETFs, further contributing to the buying pressure.
The influx of short liquidations has also added to the upward momentum in the market.