Bitcoin Surges Past $81k as Global Crypto Market Cap Hits Record High

The global cryptocurrency market capitalization has reached a record high of $2.82 trillion, its highest level in over seven months. This surge is largely driven by Bitcoin's price, which has risen above $81,000.

Bitcoin's recent jump has also had a ripple effect on other cryptocurrencies, with Zcash breaking past the $1,000 mark to set a fresh all-time high. Major altcoins such as Cardano and Dogecoin have also seen significant gains, rising by 13% and 10% respectively.

The rise in cryptocurrency prices is being attributed to a combination of factors, including $100 million in exchange-traded fund inflows and over-the-counter trading. This influx of investment has helped to boost sentiment and drive up prices.