Major cryptocurrencies surged on Sunday evening amid overall optimism in the cryptocurrency market and as FOMO continues to draw in retail investors.

CryptocurrencyGains +/-Price (Recorded 10:30 p.m. EST)Bitcoin BTC/USD+2.34%$63,411Ethereum ETH/USD+1.17%$3,471Dogecoin DOGE/USD+10.98%$0.15

What Happened: Bitcoin’s price has surged to over $62,000. Notably, the rally in February resulted in the longest monthly green candle in the asset’s history.

In April this year, the Bitcoin halving is set to occur, an event that reduces the rate of new BTC mining. Historically, this event has been accompanied by a surge in the overall market.

Top Gainer (24 Hour)

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