The global cryptocurrency market capitalization surged following the release of the U.S. Consumer Price Index (CPI) report for April, which showed a 3.4% increase over the past year, down from 3.7% in March. Bitcoin (BTC) and leading altcoins saw significant gains in response. According to CoinGecko, the global cryptocurrency market cap rose by 5.7% in the past 24 hours, reaching $2.51 trillion, a level last seen on April 23. Additionally, global crypto daily trading volume jumped by 40%, exceeding the $100 billion mark.