Crypto market erupts with $110 billion surge in 24 hours ↗️↗️↗️

In addition to the renewed wave of optimism in the cryptocurrency sector triggered by the rumors of an imminent approval of a spot #BTC ($BTC ) exchange-traded fund (ETF), the industry’s total market capitalization has skyrocketed, adding $110 billion in a single day.

As it happens, the cryptocurrency market cap has increased from $1.16 trillion to $1.27 trillion in the last 24 hours alone, which means it has skyrocketed by nearly 10%, mimicking the growth of its largest asset, according to the information retrieved from crypto monitoring platform CoinMarketCap on October 24.