Crypto Market Surges as Bitcoin Eyes New Heights

The cryptocurrency market has experienced a significant bullish reversal in recent days, driven by a surge in buying pressure. This sudden increase in demand has pushed the total market capitalization towards $2.4 trillion, with Bitcoin nearing the $70,000 mark.

The 'Fear & Greed Index' has jumped from extreme fear to neutral-to-positive in a single session, indicating a sharp change in sentiment. This shift is attributed to the clearing out of over-leveraged short positions through heavy liquidations.

As a result, top cryptocurrencies like Bitcoin and Ethereum are eyeing significant technical milestones. Bitcoin is focused on flipping the $70,000 resistance into a support level, while Ethereum aims to surpass the $2,100 mark.

Mutuum Finance is one of the utility protocols benefiting from this trend, with over 19,000 investors attracted to its non-custodial lending and borrowing ecosystem. The project has successfully raised over $20.6 million in funding, signaling strong confidence from its community.