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Bitcoin Surges Over 10% to New All-Time High Above $78,900
Bitcoin surged more than 10% on Friday to reach a new all-time high, marking its most significant single-day rally in over six months and pushing the broader cryptocurrency market higher.
A Record-Breaking Rally
According to data from the Investing.com Index, Bitcoin was trading at approximately $78,961.4 as of 08:58 GMT, an increase of 10.29% on the day. The move represents the digital asset's largest single-day percentage gain since February 6, 2026.
The rally extends a period of strong performance for the leading cryptocurrency. Over the past seven days, Bitcoin has gained 23.48%. During the last 24-hour trading session, its price fluctuated between a low of $73,025.4 and a new peak of $78,969.4.
Market Cap and Dominance
The sharp price increase propelled Bitcoin's total market capitalization to $1.556 trillion. This valuation gives it a market dominance of 59.99% over the entire cryptocurrency ecosystem, according to the data. Bitcoin's previous record market cap was $2.488 trillion.
AdTrading activity was also robust, with Bitcoin's 24-hour volume reaching $61.7 billion. This figure accounted for 43.00% of the total trading volume across all digital assets.
Broader Crypto Market Gains
The positive momentum was not limited to Bitcoin, as other major digital assets also posted significant gains. According to Investing.com data, the market saw widespread appreciation:
- Ethereum (ETH), the second-largest cryptocurrency, rose 6.96% to trade at $2,440.89. Its market capitalization reached $289.8 billion, representing 11.17% of the total market.
- Tether (USDT), a major stablecoin, ticked up 0.05% to $1.0001, with its market cap standing at $183.0 billion.
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