Cryptocurrency Market Surges Towards $2.4 Trillion

The cryptocurrency market has experienced a significant surge in the past 24 hours, with the total market capitalization nearing $2.4 trillion.

Bitcoin is leading the charge, trading near $66,200 and within striking distance of the psychological $70,000 barrier.

The increase in buying pressure is attributed to record ETF inflows, short squeezes, and a shift towards utility protocols.

Utility protocols such as Mutuum Finance are gaining popularity among retail investors, who are moving away from high-risk memecoins. Mutuum Finance's V1 protocol allows users to interact with a fully functional decentralized credit market, providing a non-custodial lending and borrowing ecosystem.