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Bitcoin Surges Over 10% to New All-Time High Near $79,000
Bitcoin surged to a new all-time high on Friday, gaining over 10% in its best single-day performance in months. The leading cryptocurrency was trading at $78,961.4 by 08:58 GMT, according to data from the Investing.com Index.
Price Action and Key Metrics
The 10.29% jump marked the largest one-day percentage increase for Bitcoin since February 6. The sharp upward move significantly boosted its market valuation.
Key figures from the rally include:
- Market Capitalization: Reached $1,556.2 billion, accounting for 59.99% of the total cryptocurrency market.
- 24-Hour Range: The digital asset traded between $73,025.4 and a record high of $78,969.4.
- Trading Volume: 24-hour volume stood at $61.7 billion, representing 43% of the total volume for all cryptocurrencies.
AdBroader Market Context
The rally extends a period of strong performance for Bitcoin, which has gained 23.48% over the past seven days. The asset has traded within a range of $62,707.1875 to its new high during that period, signaling sustained bullish momentum.
Other major cryptocurrencies also posted gains amid the positive market sentiment. Ethereum (ETH), the second-largest cryptocurrency, rose 6.96% to trade at $2,440.67, pushing its market cap to $289.8 billion. The stablecoin Tether (USDT) remained steady at $1.0001, with a market cap of $183.0 billion.
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