Crypto Market Surges Past $2.8 Trillion Amid Sharp Rebound

The global cryptocurrency market has rebounded strongly, reaching nearly $2.82 trillion in total value, its highest level in over seven months.

This recovery comes after a sharp decline in January when the total market value fell to around $2.3 trillion.

Bitcoin led the charge, breaking above $81,000 and gaining about 5.4% in 24 hours.

Other major cryptocurrencies also saw significant gains, with Zcash rising 16.5%, Cardano advancing 13%, Dogecoin and XRP each gaining close to 10%.

Crypto-linked stocks also participated in the rally, with Strategy and Circle seeing double-digit gains, while Coinbase rose around 10%.