Bitcoin Soars Above $78,000 Amid Broader Crypto Rally

Bitcoin surged to nearly $78,302 on Tuesday, up 5.4% over the past 24 hours and a staggering 24.4% for the week.

This broad rally saw Ethereum jump 7.4%, XRP rise 21.4%, BNB increase by 9.1%, Solana gain 8.7%, and total crypto market capitalization reach $2.76 trillion, up 5.8%

According to Standard Chartered's Geoff Kendrick, Bitcoin could potentially re-challenge its record high near $126,000, with the current target of $100,000 being 'too low.'