Crypto Market Surges Past $2.51T as Bull Phase Begins

The cryptocurrency market has entered a bull phase, as its market capitalization has risen by nearly 24% since hitting a low of $2.04T in early July.

The recent surge, which saw the market gain 7% over the past 24 hours to reach $2.51T, demonstrates a significant shift in investor sentiment.

Bitcoin reached its highest price in nearly two months at $75.5K, while the sentiment index soared to 72, just three points below the 'extreme greed' level.