Crypto Market Sees 17.6% Surge Amid Shift in Investor Sentiment

The crypto market has experienced a significant rally over the past week, with the total market cap growing by 17.6% to $2.70 trillion.

Bitcoin's price has climbed by 24.8%, marking one of the best weekly rallies since 2020.

The increase in crypto market value can be attributed to investors adding cash to crypto, as opposed to de-leveraging stablecoins.

This shift is evident in Binance's monthly report, which shows that equity holders have increased their crypto allocations from 64% to 72%, while decreasing their allocations to stablecoins by 22%.