The global cryptocurrency market saw an unexpected surge, adding approximately $33 billion in market-capitalisation within a six-hour period. Major tokens including Bitcoin, Ethereum and XRP led the move as technical breakouts and renewed institutional interest drove momentum. Some analysts interpret this as a relief rally rather than a sustainable uptrend, advising caution given regulatory uncertainties. Market participants are now watching ETF activity and exchange flows to gauge whether the rise can extend beyond short-term positioning.