Bitcoin Surges Past $79,000 Resistance Level

Bitcoin (BTC) has broken through its resistance level at $78,000 and is trading above $79,300 for the first time in 11 weeks. This move represents a 3.8% gain in the 24-hour window, with CoinGecko data showing a total market cap of over $1.57 trillion for BTC alone.

The price surge has occurred across major pairs, with gains against the euro, yen, and pound. The 24-hour trading volume for Bitcoin stands at approximately $51.9 billion, indicating significant buying interest in the cryptocurrency.

Investor Kevin O'Leary's comments on crypto portfolio diversification have coincided with BTC's price increase. He has narrowed his portfolio to Bitcoin and Ethereum (ETH) only, citing a lack of institutional durability in alternative tokens.