The crypto market experienced a significant surge today, with the total market cap reaching $3.8 trillion, a 3.25% daily gain driven by institutional accumulation and Bitcoin's new all-time highs.
Key events contributing to the rally include major investments from companies like SharpLink and Metaplanet, optimism around U.S. crypto regulation, and emerging White House support.
Bitcoin broke through the $122,000 resistance level, resulting in short liquidations, while Ethereum saw increased activity with support from SharpLink's $48 million ETH purchase.
The overall market sentiment is optimistic, with institutional inflows, macro correlations, and regulatory developments playing key roles in the current crypto surge.