Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin

The cryptocurrency market has seen a significant resurgence, with its total value surging back above the $2 trillion mark. This rally was led by Bitcoin, which is currently trading around $52,000, and Ether, which has recovered to its value prior to the TerraUSD stablecoin collapse nearly two years ago. Bitcoin’s impressive year-to-date gain of almost 25% has been a major factor in elevating the digital asset market’s capitalization to this milestone level for the first time since April 2022, according to data from CoinGecko.