Bitcoin Shatters 11-Week Drought, Surges Past $79,300
Bitcoin (BTC) broke above $79,300 on Wednesday, reaching its highest level in 11 weeks. The move represents a 3.8% gain in the 24-hour window, with CoinGecko data showing a total market cap above $1.57 trillion for BTC alone.
The price of $79,321 at scan time marks a clear break 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 in the same window.
Investor Kevin O'Leary said he has narrowed his crypto portfolio to Bitcoin and Ethereum (ETH) only, citing a lack of institutional durability in alternative tokens. The Invesco Galaxy Ethereum ETF recorded $1.2 million in inflows on April 20, indicating parallel accumulation in ETH as BTC leads the move higher.
The $80,000 level is now the next widely watched resistance point. A close above that price would mark the highest weekly close for Bitcoin since early February.