Crypto Market Sees 6% Surge to $2.35 Trillion Amidst Decreasing US Yields

The global cryptocurrency market capitalization surged by 6% on Wednesday, reaching $2.35 trillion.

This increase is attributed to bargain hunting in top cryptocurrencies, driven by a decrease in US yields and a shift in attention towards digital assets.

Bitcoin (BTC) saw a 6% gain, while Ethereum (ETH) rose by 11%. Binance Coin (BNB) gained 4% in the last 24 hours.

The rally is partly fueled by a White House crypto summit where President Trump urged Congress to pass the CLARITY Act and hinted at US strategic Bitcoin purchases.