币界网报道：The crypto market surged over 10% in the past 24 hours, led by Bitcoin's impressive 7% rally to $42,250. This bullish momentum comes amid growing optimism about potential spot Bitcoin ETF approvals in early 2024, with analysts noting increased institutional interest. Ethereum also gained 5% to $2,270, while altcoins like Solana and Cardano saw even stronger performances, rising 12% and 9% respectively. Market observers attribute the rally to improving macroeconomic conditions and declining Treasury yields, which have made risk assets more attractive. Trading volumes spiked 40% across major exchanges, suggesting renewed retail participation. However, some analysts caution that volatility may persist until clearer regulatory guidance emerges, particularly regarding the SEC's stance on crypto ETFs. The total crypto market cap now stands at $1.6 trillion, its highest level since May 2022.