Bitcoin Surges Over 10% to Top $71,000 in Largest Daily Gain Since February

Bitcoin surged on Thursday, posting its largest single-day percentage gain in over six months and pushing its price above the $71,000 mark. The leading cryptocurrency's rally signals renewed momentum for the digital asset market.

A Significant Market Move

According to data from the Investing.com Index, Bitcoin was trading at approximately $71,021.6 as of 08:11 GMT, a gain of 10.27% for the day. This marks the sharpest daily increase for the cryptocurrency since February 6, 2026.

During the last 24 hours, Bitcoin's price fluctuated between a low of $68,898.5 and its peak of $71,021.6. The move extends a positive trend over the past week, during which the asset has gained 9.3%.

Market Impact and Key Metrics

The sharp price increase pushed Bitcoin's total market capitalization to $1.3997 trillion, representing 58.94% of the entire cryptocurrency market's value. This is a significant figure, though still below its peak market cap of $2.4881 trillion.

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The asset remains just 3.69% below its all-time high of $73,740.90, which was set on March 14, 2024. Trading volume for Bitcoin over the past 24 hours was reported at $55.6 billion, accounting for 41.94% of the total volume across all cryptocurrencies, according to the data.

Broader Crypto Market Rallies

Other major cryptocurrencies also saw significant gains. Ethereum (ETH), the second-largest digital asset, rallied sharply, rising 18.32% to trade at $2,274.14. Its market capitalization reached $271.4 billion, or 11.43% of the total market.

Meanwhile, the stablecoin Tether (USDT) remained steady, trading at $0.9996 with a slight decline of 0.01%. Its market cap stood at $183.0 billion, representing a 7.70% share of the crypto market.