Worldcoin's Sharp Price Surge Attributed to Macro Rally and Leverage

Worldcoin's price skyrocketed by 9.19 percentage points in just one hour, but experts say it was not due to any specific news or event related to the token itself.

The move appears to be driven by profit-taking and leverage after a broader macro-driven crypto rally, with no obvious Worldcoin-specific catalyst visible in the past day's news feeds.

Bitcoin has been leading the charge, rallying over 20% for its best week since early 2024, with a surge above $75-79k and large short liquidations tied to US Treasury actions and shifting regulatory sentiment.

The entire crypto market is in a violent risk-on phase, driven mainly by Bitcoin and macro news, with total crypto market cap around $2.62T, up about 3.5% over 24h, and 24h trading volume rising from $138.6B to $200.18B, a 44.43% jump in aggregate turnover.