Global crypto market surges by $33 billion in six hours

The global cryptocurrency market logged a sudden gain of approximately $33 billion within a six-hour window, driven by sharp rallies in Bitcoin, Ethereum and XRP. Technical triggers such as Bitcoin’s stability above key moving averages and institutional reinvestments are cited as boosting sentiment. Market watchers caution that the move may reflect a short-term relief rally rather than sustained strength. The uptick comes amid renewed interest in crypto exchange-traded funds and staking infrastructure, though regulatory uncertainties still cloud the outlook.