Bitcoin Surges Past $79,300 as Volume Hits New High
Bitcoin (BTC) has reached its highest price in 11 weeks, surpassing $79,300 on Wednesday. This marks a 3.8% gain in the 24-hour window and brings the total market cap above $1.57 trillion for BTC alone.
The surge in price has occurred across major pairs, with gains against the euro, yen, and pound. CoinGecko data shows a 24-hour trading volume of approximately $51.9 billion, with the price of $79,321 marking a clear break above the $78,000 resistance level that had capped multiple attempts in recent weeks.
Investor sentiment remains bullish, with Kevin O'Leary stating 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 next widely watched resistance point is $80,000, and a close above that price would mark the highest weekly close for Bitcoin since early February.