Crypto Market Surges Past $2.77 Trillion as Bitcoin and XRP Lead Charge

The crypto market has seen significant growth in recent hours, with the total market cap rising to $2.77 trillion - an increase of 2.3% over the past 24 hours.

Bitcoin led the way, climbing to $79,187.27 and recording a gain of 2.1%. XRP posted the strongest move among major assets, jumping 6.4% to $1.46, while Ethereum rose 1.1% to $2,541.20.

The rally comes as Treasury Secretary Scott Bessent emphasized the importance of the CLARITY Act in America's bid to dominate the global crypto market.

However, not all macro signals are positive - US oil prices remain near $103 a barrel, which could keep inflation risk elevated even as the crypto market pushes higher.