Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.
The crypto market is an open market that can be accessed at any time 24/7, so at any time the market capitalization can increase or decrease. I can believe if you talking about small cap altcoins, but this is Bitcoin. So, That's not the reason why Bitcoin price drastically surged in my opinion. Rumors or news like that only have an impact, regardless of whether the positive impact is big or small.