Crypto Market Sees Altcoin Surge as Bitcoin Lags Behind

The crypto market cap has climbed to $2.7 trillion, up 0.9% over the past 24 hours, but Bitcoin is lagging behind its altcoin peers.

Zcash is leading the comeback with a 6.3% gain in 24 hours and 8.2% over the week, trading at $851.99.

XRP is close behind with a 4.8% daily increase to $1.39, while BNB outpaced Bitcoin with a 4.5% gain to reach $711.78.

The rally is driven by rising inflation expectations and labor market data that strengthens the case for a Fed rate cut.