Major cryptocurrencies surged on Tuesday, with Bitcoin soaring to a 27-month high, hovering around $57,000 levels. What Happened: The rally in Bitcoin price propelled the broader crypto market, fueled by growing investor optimism and a surge in investments into spot Bitcoin exchange-traded funds (ETF). The last time Bitcoin reached the price level of $57,000 was over two years ago, on December 2, 2021. The cryptocurrency market is experiencing a strong bullish sentiment, with the Fear & Greed Index registering at 79 on Feb. 27, indicating “extreme greed” according to data from Alternative. Thi…

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