Bitcoin’s Meteoric Rise Fuels Crypto Market Comeback: Total Value Surges Past $3 Trillion Amid Soaring Leverage Risks

Fueled by Bitcoin's powerful rebound, the total market capitalization of cryptocurrencies has surged back above $3 trillion for the first time since January. The recent U.S. Treasury announcement on increasing long-term bond buybacks acted as a key catalyst. However, soaring leverage in perpetual futures, with open interest nearing $160 billion, signals heightened volatility risks.

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