Bitcoin Breaks Above $79,300 as Trading Volume Surges

Bitcoin (BTC) has reached its highest level in 11 weeks, breaking above $79,300 on Wednesday. The move represents a 3.8% gain in the 24-hour window and comes as trading volume surges to approximately $51.9 billion.

The total market cap for BTC alone is now over $1.57 trillion, according to CoinGecko data.

Bitcoin's price has broken above the $78,000 resistance level that had capped multiple attempts in recent weeks. The move has occurred across major pairs, with BTC posting gains against the euro, yen, and pound.