#butlayer @BitlayerLabs The cryptocurrency market is experiencing an unprecedented bull run, with Bitcoin breaking historical highs, surpassing the $124,000 mark, while Ethereum closely follows, currently just 4% lower than its historical peak in 2021. This synchronized surge has propelled the total market capitalization of cryptocurrencies to over $4 trillion, marking an important milestone in the current bull market cycle. This rise is driven by multiple factors, including institutional capital inflows from spot ETFs, growth in total value locked (TVL) in decentralized finance (DeFi), and increased network activity.