BTC, ETH, XRP Rally Boost Global Crypto Market Cap to $2.7trn

Price appreciation of Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple XRP, and other top crypto names bolstered the global crypto market cap by about 5% in 24 hours to $2.71 trillion on Thursday.

The crypto market is up 4.54% to $2.7 trillion in Bitcoinurs, primarily driven by a macro-driven rally in Bitcoin. It shows a strong correlation (91%) with Gold, indicating inflation-hedge positioning.

The market’s rise is led by Bitcoin, whose 59.85% dominance underscores its role as the primary driver. The 24h correlation with Gold reached 91%, while correlation with the S&P 500 (SPY) was 70%, pointing to a broad macro-driven move rather than a crypto-specific catalyst.